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By Justyn Sturrock
The latest report from IBM highlights how ‘cracking the code for Talent' can help companies take their workforce performance to the next level.
Today, more than ever, organisations worldwide are focusing their time and attention on maximising the value of their workforces.
As organisations become more globally integrated, and as traditional geographic and competitive boundaries disappear, the need to identify, develop and connect talent has never been more critical.
Every two years IBM conducts a global CEO Study where we go out and talk to over 1,000 CEOs, and each time we do this, the people agenda is always top of mind.
In 2004, when we asked CEOs what their greatest concern was for their organisation, three primary themes emerged: growth, responsiveness and agility.
And CEOs were almost unanimous in their belief that the greatest hurdle to addressing these themes was the capability within their organisations.
SYDNEY - Just as the agrarian society gave way to the industrial revolution, the industrial society is giving way to one where knowledge and innovation are the key drivers of economic value and wealth creation. As organisations from all sectors come to rely more on knowledge-intensive resources and technology for value creation, it is clear that an organisation's ability to foster, manage and profit from the knowledge of its people and their capacity to innovate will be the key to its future success.
However, as an economy and a nation we are challenged to find meaningful, consistent and reliable ways to successfully deal with these things often called "intangibles". As managers, leaders and citizens, we must explore and address the challenge of understanding value in this new knowledge-based era. Managing a business, government agency or an economy in this time requires new understanding and skills if we are to continue to prosper.
