HRO Today April 2014 - 53

Market Insight
Figure 3
Training and development program changes for 2014
Source: Hackett Group's 2014 Key Issues Study
It is also worth noting that 30 percent of companies
anticipate a comprehensive change to their succession
planning programs. For some, this will be the starting point
for their overall strategic workforce plan; for others, this
reflects a redoubling of efforts to ensure that the next
generation of leadership is in place. Lack of a succession
plan is a major talent risk. However, focusing solely on
top leadership is also a significant risk. Given macro-level
trends such as demographic changes in the workforce
and increasing globalization of work, companies need to
broaden their workforce planning endeavors.
Within training and development areas, the hub of activity
is changing too. Companies have been moving away from
formal, classroom-based training for some time due to a
lack of funding and growing evidence that this format is not
appropriate for the development of many essential skills.
Coaching and mentoring programs will be in the spotlight
this year (see Figure 3). The 2014 Key Issues Study also shows
a renewed emphasis on formal leadership-development
programs and expansion of similar programs for middle
managers. This is connected to the aim of putting more
thought into formal succession plans.
Given improving economic conditions globally, the recruiting
market is expected to become even more competitive and
retention programs will return to the fore. Companies are
using improved employee data to facilitate increased rates
of internal placements for open positions. This is occurring
both in a proactive sense-to respond to employees' desires
to tackle new challenges-and in a reactive sense, with
internal recruiters able to identify qualified talent already
inside the company.
3. Improving the utility of technology and data. Recent
Hackett research found that low-quality data is an inhibitor
to more effective strategic workforce planning processes.
It is also the primary obstacle to strengthening operational
planning and analysis capabilities. HR needs to make the
most of the data it has, as well as gather more data in areas
where it has not done so previously, such as employee
competencies and external labor-market trends.
Technology priorities for 2014 are heavily weighted toward
making the most of existing investments. Companies are
minimizing new technology purchases and seeking to roll
out web-based and self-service options. Efforts planned to
gain mastery over data will enable self-service and businessintelligence
tool usage. But it will be necessary to be able to
work cooperatively with the IT and operations departments,
for example to marry employee data with indicators of
productivity.
Improved data quality will also allow HR to meet other
goals for measuring its performance and better integrating
its planning and analysis activities with those of the rest
of the business. This has an analytical skills component,
which HR must continue to develop. Once good data
APRIL 2014 | www.hrotoday.com
[53]
http://www.hrotoday.com

HRO Today April 2014

Table of Contents for the Digital Edition of HRO Today April 2014

HRO Today April 2014 - 1
HRO Today April 2014 - 2
HRO Today April 2014 - 3
HRO Today April 2014 - 4
HRO Today April 2014 - 5
HRO Today April 2014 - 6
HRO Today April 2014 - 7
HRO Today April 2014 - 8
HRO Today April 2014 - 9
HRO Today April 2014 - 10
HRO Today April 2014 - 11
HRO Today April 2014 - 12
HRO Today April 2014 - 13
HRO Today April 2014 - 14
HRO Today April 2014 - 15
HRO Today April 2014 - 16
HRO Today April 2014 - 17
HRO Today April 2014 - 18
HRO Today April 2014 - 19
HRO Today April 2014 - 20
HRO Today April 2014 - 21
HRO Today April 2014 - 22
HRO Today April 2014 - 23
HRO Today April 2014 - 24
HRO Today April 2014 - 25
HRO Today April 2014 - 26
HRO Today April 2014 - 27
HRO Today April 2014 - 28
HRO Today April 2014 - 29
HRO Today April 2014 - 30
HRO Today April 2014 - 31
HRO Today April 2014 - 32
HRO Today April 2014 - 33
HRO Today April 2014 - 34
HRO Today April 2014 - 35
HRO Today April 2014 - 36
HRO Today April 2014 - 37
HRO Today April 2014 - 38
HRO Today April 2014 - 39
HRO Today April 2014 - 40
HRO Today April 2014 - 41
HRO Today April 2014 - 42
HRO Today April 2014 - 43
HRO Today April 2014 - 44
HRO Today April 2014 - 45
HRO Today April 2014 - 46
HRO Today April 2014 - 47
HRO Today April 2014 - 48
HRO Today April 2014 - 49
HRO Today April 2014 - 50
HRO Today April 2014 - 51
HRO Today April 2014 - 52
HRO Today April 2014 - 53
HRO Today April 2014 - 54
HRO Today April 2014 - 55
HRO Today April 2014 - 56
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-chro-today-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/chro-today-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-1014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hrot-january-february-2014
https://www.nxtbookmedia.com