HR Leaders to Put Primary Focus on Talent Management

May 28, 2014 – Identifying and developing talented employees will be the primary focus of human resource executives in the financial services industry over the next 12 months, according to a poll conducted by Towers Watson. According to the study more than four in 10 respondents (44 percent) chose identifying and developing talent as the primary focus of their organization’s HR division over the next 12 months. One-fourth (25 percent) said they would focus on updating their HR technology over the next year. Roughly one in 10 said their primary focus would be on compensation and benefits, workforce planning or employee engagement initiatives. “Given the dramatic changes that the financial services industry is undergoing from both a regulatory and business perspective, it’s no surprise that HR leaders will be focused on talent management,” said Ravin Jesuthasan, global leader of talent management at Towers Watson. “The landscape for talent has been changing steadily, driving financial services executives to identify what skills will be needed for them to compete effectively, and develop programs to attract and retain the best talent for their organizations.”

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