Tagged: recession

An Economic Tipping Point in Corporate Talent Strategies

An Economic Tipping Point in Corporate Talent Strategies

Each quarter for the last several years we have published TalentWatch®, a comprehensive look at talent trends in organizations around the world. Bersin & Associates TalentWatch This report, which is only available to research members, looks at several key topics:

  • Business performance against plan
  • Expectations for future growth
  • Job openings and expected growth
  • Talent readiness by job role
  • Leadership
... Read more»
Employers Capitulate on Business Slowdown – The Turnaround is Coming

Employers Capitulate on Business Slowdown – The Turnaround is Coming

In our Q2 TalentWatch® Dow Jones - July 2007-July 2009research report (TalentWatch is Bersin & Associates business research on employment, hiring, talent readiness, and investment trends, available to research members) we see definite signs that business leaders in most industries have now lowered their expectations and essentially “capitulated” on the 2009 recession.  This means that companies have stopped looking ... Read more»

Five Reasons to Focus on Recruiting in 2009

Five Reasons to Focus on Recruiting in 2009

Here we are entering the worst recession in more than 30 years, reading about layoffs, downsizing, and restructuring in almost every industry. So why would I start our 2009 research with a discussion about the need to focus on recruiting? Well, contrary to what many may believe, even in times of job reductions recruiting must ... Read more»

Life or Death:  Building a Corporate Learning Culture

Life or Death: Building a Corporate Learning Culture

Witness the number of companies undergoing a wrenching transformation (read “potential death”) in today’s economy: the US Auto industry (GM, Ford, Chrysler) , the US Newspaper industry (LA Times, NY Times), and many elements of the financial services industry.

A recent global survey of 1100 business leaders by Boston Consulting Group found that one of ... Read more»

Where is the “Talent Management” Market going?

Where is the “Talent Management” Market going?

As the US economy lost 240,000 jobs last month and the unemployment rate rises to 6.5%, one of the questions I know many people ask is the direction of the “talent management” marketplace.  Let me give you our thoughts on the trends taking place.

First, the urgency of “talent management” in corporate HR organizations has ... Read more»

Time to Reduce Costs in Corporate Learning & Development

Time to Reduce Costs in Corporate Learning & Development

Our soon to be published research on corporate L&D spending in 2008 shows a definite slowdown in spending on corporate training.  (An 11% drop!)  This is certainly not a surprise – in August our research panel shows that today’s corporate talent managers cite “a need to reduce costs” as their #1 business challenge (54% of ... Read more»

Talent Management in a Slowdown – Update

Talent Management in a Slowdown – Update

In the last few months we have read more and more about the global economic slowdown.  Jim Cramer, the Wall Street pundit, wrote in today’s New York Magazine, that he has never seen things as dismal as they are on Wall Street.  Today the State of California announced a 5.7% unemployment rate, an increase of ... Read more»

Talent Management in Financial Services – Impact of the Slowdown

Talent Management in Financial Services – Impact of the Slowdown

This week I had a call with five financial services clients to understand the impact of the economic slowdown on their learning, talent, and systems investments.  How are HR, talent strategies, and enterprise learning investments being affected by the credit crunch and slowdown in the US financial system? 

(The clients included companies in banking and ... Read more»

Five Talent Management Strategies for a Business Downturn

Five Talent Management Strategies for a Business Downturn

We are clearly entering some form of economic slowdown.  Our most recent index of talent management executives (January of 2008) showed some significant changes from May of 2007:  21% greater interest in cost-reduction, 18% lower focus on product introductions, and a significant increase in focus on building new leadership (18% increase).  So let’s assume your ... Read more»

An Economic Slowdown – What does it mean to HR?

An Economic Slowdown – What does it mean to HR?

As we look ahead to 2008, many pundits are trying to predict the direction of the US and world economy.  Today we see that the US unemployment rate ticked up to 5% and the job creation rate (18,000 for December) was at its lowest level in four years.  The unemployment rate is affected by many ... Read more»