Talent management looks set to become the next office space buzzword after PricewaterhouseCoopers (PwC) claimed it is more important than a company’s bottom line.
After polling 1,200 business owners from around the world, PwC found that more than four out of five are planning to shake up their talent management strategies to ensure they keep their office spaces filled to the brim with the most talented workers.
This extremely high figure puts talent management ahead of both risk management, which was a priority for 77 per cent, and investment, which was a priority for 76 per cent.
So don’t be surprised if talent management makes it into the office space lexicon.
Speaking to HR magazine about the shift in focus, Michael Rendell, head of HR consulting at PwC, said: “As we move out of the downturn, chief executive officers are putting the focus firmly on their people.”
Recently, recruitment specialist CBSbutler claimed that holding on to top talent as the economy picks up will mean businesses putting their hands in their pockets and rewarding staff.