Research Reveals New Approaches to Talent Management

November 18, 2014 – Talent deficiencies significantly hamper 40 percent of strategy implementation efforts, according to PMI Thought Leadership Series, a report released by Project Management Institute (PMI). This, in turn, inhibits competitive advantage, growth and customer satisfaction. Organizational leaders are aware of the impact of insufficient talent with 72 percent of respondents reporting that talent management will become increasingly important to strategy implementation and execution in the next three years. The research indicates that as the global economy improves, organizations are re-examining their approach to talent management. Mark A. Langley, PMI president and CEO, said: “Organizations of all sizes will see the bottom-line benefit of formalizing their talent management practices: an engaged and experienced staff that leads to project and program success.” PMI is a not-for-profit professional membership association for the project management profession.