Talent Management as a key focus for HR leaders

There is a high level of dissatisfaction with traditional performance management

HR leaders across the Asia Pacific are focusing on talent management, using multiple channels to source talent and implementing a range of staff incentives in an effort to attract exceptional professionals to their business.

A recent research report found that 57 per cent of HR leaders across Australia and New Zealand (ANZ) rated talent acquisition and recruitment as a number one priority, closely followed by employee relations and change management at 56 per cent.

“Employers across the Asia Pacific continue to seek skilled professionals to add value to their business and, from a jobseeker perspective, there are some solid career opportunities for talented people,” said Gary James, Asia Pacific regional managing director of PageGroup, which conducted the research report.

It found that 91 per cent of companies across the ANZ region are hiring this year, however, 28 per cent believe the search for qualified candidates to be difficult or very difficult.

“Finding good people is one thing; keeping them is another”

“Hiring employers need to focus on individuals’ career aspirations and understand that more professionals are paying attention to long-term career opportunities, not just remuneration, when considering changing jobs and employers,” said James.

The Michael Page Global HR Barometer 2013 report, which took in more than 4,300 HR leaders around the world, also found HR departments of companies around the world are taking advantage of the multiple channels available to source talent.

Ninety-one per cent of respondents globally use online job-posting sites, 84 per cent use their own company website and 83 per cent employ recruitment consultancies. According to 45 per cent of HR leaders surveyed, recruitment consultancies are the best route to finding and recruiting at managerial levels and above.

Alongside talent attraction, employee retention is also a focus for the vast majority of HR leaders, and eight out of 10 businesses globally now offer work-life balance options, although outside Australia, home office and parental leave initiatives are still rare.

“Finding good people is one thing; keeping them is another,” said James.

“Work-life balance has become an integral part of the retention agenda for most businesses worldwide, but based on the survey findings it seems employers in Australia and New Zealand are doing the most to foster work-life balance, including the provision of initiatives such as health and wellness programs and time compensation for extra hours worked.”