Talent 2020 is Deloitte’s global survey series conducted to explore talent strategies and unfolding trends that are expected to influence the next decade and beyond. The series features results from large businesses worldwide in the Americas, Asia Pacific, Europe, the Middle East, and Africa.
The Talent Intelligent Board
In most organizations, talent is the essential resource — in fact your talent is the one thing that can distinguish you from your competitors.
How boards are changing the HR game
To seize new opportunities for sustainable growth and manage heightened risks, boards of directors at high-performing organizations are pulling CHROs much deeper into business strategy – and far earlier in the process.
Up until recently, the main talent discussion in most boardrooms centered on CEO succession and setting compensation for the most senior executives. Now boards are changing the game – focusing on the role and impact of talent on business performance and risk. As a result, boards are pulling CHROs more deeply into challenges involving strategy, execution, and regulatory adherence.
Today, boards understand that talent is critical to executing an organization’s business strategy and achieving sustainable growth. In a global marketplace where both opportunities and risks have multiplied, boards are recognizing that business strategy often is talent strategy.
The question for CHROs: How will you respond to this pull from the board and are you ready to align HR and talent issues and opportunities with your organization’s strategic priorities?
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