Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Change managementHR strategy

HR professionals must adapt faster to changing business environment

by Personnel Today 2 Jun 2009
by Personnel Today 2 Jun 2009

A survey by people assessment firm, Talent Q, reveals that a significant majority of HR professionals in the sector (64%) expect their strategy regarding developing and retaining talent to remain unchanged over the next 12 months.

Of even greater concern is that despite the seismic changes affecting their operating environment, only one fifth of financial services sector companies will now be refocusing what they look for in employees.

This inflexibility contrasts sharply with the public sector, which has been the swiftest to adapt.  Here some 82% report changes to talent management strategy and nearly half (44%) plan to refocus what they look for in employees. 

The utilities and infrastructure industry has been similarly quick off the mark, with a quarter looking to update processes for recruitment, development and retaining staff and 50 per cent readdressing the skills and characteristics they are seeking.

Financial sector HR leaders do seem to realise that their lack of adaptability is a problem. When asked how well their key talent management processes meet the challenges for the year ahead, 64 per cent said significant attention needed to be paid to developing high performance teams.

With City job cuts amounting to thousands, succession planning should clearly be key, yet 55 per cent said that this area needed significant development. 

Dr Alan Bourne, director of Talent Q, said:

“The overall results of the survey suggest that a minority of organisations take a proactive and strategic approach to talent management.  This reinforces a concern that many organisations risk being unprepared for the ongoing challenges of the recession, thereby lengthening their organisation’s recovery process.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

OptOut
This field is for validation purposes and should be left unchanged.

“Mass redundancies and the increased pressures brought about by the economic situation mean that it is more important than ever to get the best out of employees.  The key imperative should be to identify potential and develop high performance, with succession planning and managing talent through periods of change being obvious priorities.

“Our study indicates opportunities for many organisations to perform better in relation to the management of people. We’d urge HR professionals to look again at their talent strategies and then deploy them more effectively by utilising the latest people assessment techniques.”

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

previous post
Toolwire to deliver virtual hands-on learning
next post
Virgin Atlantic Airways crew welcome Travelex on board

You may also like

University of Salford launches Better Working Lives cluster

14 May 2025

Why HR burnout is a strategic issue

12 May 2025

Succession planning now ‘more of a priority than...

24 Apr 2025

Four ways HR can maintain trust in uncertain...

23 Apr 2025

High performance is not the preserve of ‘superstar’...

3 Apr 2025

Birmingham bin strikes: major incident declared

1 Apr 2025

What do HR specialists enjoy most about their...

21 Mar 2025

Ben & Jerry’s accuses Unilever for sacking boss...

20 Mar 2025

Employee engagement: Growing disconnect between effort and recognition,...

13 Mar 2025

Five years on: how has work changed since...

12 Mar 2025

  • 2025 Employee Communications Report PROMOTED | HR and leadership...Read more
  • The Majority of Employees Have Their Eyes on Their Next Move PROMOTED | A staggering 65%...Read more
  • Prioritising performance management: Strategies for success (webinar) WEBINAR | In today’s fast-paced...Read more
  • Self-Leadership: The Key to Successful Organisations PROMOTED | Eletive is helping businesses...Read more
  • Retaining Female Talent: Four Ways to Reduce Workplace Drop Out PROMOTED | International Women’s Day...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2025

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2025 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+