Benefits of a Robust Talent Development Process
Combat the Labor Shortage
With the great resignation and aftermath of the pandemic, companies are feeling the pain of the labor shortage, especially those who do not have strong learning and development processes to support promoting from within. In fact, in a recent survey of CHROs, 47% identified "improving internal career advancement opportunities" as a top priority.
Target Upskilling Efforts
In a recent Gartner survey of HR leaders, Building Critical Skills and Competencies was the top priority for 59% of respondents. In a recent SHRM study, 77% of respondents have plans to "improve the soft skills (empathy, compassion, communication)" of people leaders to better meet the expectations of the current workforce. Not everyone needs to develop in these areas, so let PCI's talent assessments help you decide who to invest in with this type of training.
Build your Bench
In that same Gartner survey, 45% of respondents identified "current and future leadership bench" as a top priority this year. Supplementing performance and perception data with PCI's talent assessments will increase your ability to accurately identify the advancement potential of your current team. Using our objective assessment along with the other data points will also improve the perceived (and actual) fairness of the process.
Engage and Retain
People leave companies for many reasons, one of the most common of which is a lack of opportunities to develop new skills. By using talent assessments in a positive, proactive way, you will create a culture that fosters a growth mindset and shows your people that you are invested in - and care about - them and their futures.