The Institute for Corporate Productivity (i4cp) released the results of its 2014 Critical Human Capital Issues Survey . The survey shows that creating change-ready organizations is still the top priority for high-performing companies. One of the key takeaways from the study is that most companies simply do not have the internal bench strength to enable sustained high-market performance.
Working with companies that are tackling rapid growth and change, this rings true for me. When I work with clients and we are identifying bench strength for key roles, we often see that the bench strength for those roles is limited. Our challenge then is to proactively begin to develop talent and identify talent sourcing strategies to fill the gaps.
If you see this in your company, you’re not alone. Here are the survey’s top 10 human capital issues for 2014 for high-performance organizations:
1. Succession planning
2. Leadership development
3. Knowledge retention
5. Managing/coping with change
6. Non-executive succession planning
7. Measuring/rewarding behavior
8. Talent shortages in critical areas
9. Measuring/rewarding results
10. Internal communication