Luke FlemingWorkforce Planning Manager
International Convention Centre Sydney
When companies are evaluating their overall risk, human capital is surfacing as the number one issue. In a world full of job hoppers, research states that 70% of recent graduates will stick through their first job for 3 years only. High-performing organizations are learning to manage this particular risk through targeted talent strategies to build and develop the right mix of skills and experience in their workforce.
However, a core element of talent strategy is succession planning – a key issue that is increasingly under the scrutiny of investors and regulators.
- Identifying and nurturing key, high-potential individuals to meet the needs of the organization in the future and bringing them up the ranks to fill more senior positions.
- Scrutinizing leadership structures to understand how young talent is being fostered
- Retaining key individuals by providing them with a scheduled succession path to avoid them looking out for other opportunities