According to Reed's HR 2012 Salary and Market Insight report, which polled 1,500 organisations, losing talent is a key concern among senior management, with 39 per cent admitting they have skills gaps in their organisation that are having an effect on their company's productivity and potential for growth.
More than half of HR professionals have invested in training to stem the flow of talent, with a third focusing on internal promotion and a similar proportion hoping to address skills gaps externally.
According to Jason Willis, divisional director at Reed HR, the majority of businesses are now being run in a very lean way, with little surplus of skills to take up the slack when someone leaves for a new role.
"This means that effective talent management is more important than ever and the first step to this is understanding the skills within the organisation," he added.
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Posted by John Oak
Source: The Sales Director News