TM - April 2008 - (Page 61) Figure 1: Are you considering or instituting staffing level changes? United States Canada 33% 12% 17% No change Expanding May freeze or downsize 6% 60% 70% Figure 2: Did you consider or institute budget changes since the 4th quarter? United States Canada 6% 10% 5% 4% No change Considering reduction Have reduced 85% 91% Figure 3: How Will You Improve Talent Management? U.S. Considering Instituted Develop initiatives to retain high performers Optimize HR functional efficiency Create new talent sourcing programs Develop initiatives to build the pipeline of high-value candidates Take steps to maintain historic levels of employee engagement Improve sales force effectiveness Recalibrate pay-for-performance targets, measures and policies Develop new or enhance existing variable pay programs Increase training and development programs Restructure the organization Provide guidance to leaders on managing large-scale change Outsource functions not financially sustainable in an economic downturn Create new site selection programs Decrease training and development programs Advise employees to re-evaluate asset allocation and borrow from defined contribution plans Re-allocate investments tied to defined benefit plans 35% 27% 28% 27% 23% 21% 26% 28% 20% 17% 17% 16% 14% 8% 5% 5% 22% 20% 16% 17% 19% 21% 15% 10% 14% 17% 14% 5% 5% 9% 7% 2% Canada Considering Instituted 41% 24% 32% 33% 29% 14% 24% 26% 22% 17% 20% 16% 9% 4% 2% 6% 21% 25% 17% 18% 27% 30% 10% 10% 24% 20% 12% 5% 6% 4% 3% 2% April 2008 talent management magazine www.TalentMgt.com 61 http://www.TalentMgt.com
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