Friday Fun Facts

Talent Management Metrics Used Most Often by Organizations

• 58%, Talent retention rate
• 48%, Time to hire talent
• 41%, Cost to hire talent
• 38%, Diversity stats
• 37%, Number of senior-level positions with identified successors
• 27%, Percent of assessments completed
• 25%, Rate of promotion from the talent pool
• 16%, Average development spent on high potentials
• 9%, Other

My commentary--I'm not sure what these metrics get us.  I'm guessing that they don't measure cost of attrition (re-training, re-posting, re-interviewing, etc.) because they feel that they can't get a handle on the data (or they don't want to see the staggering amount of money walking out the door when talent is poorly managed).

Source:  Talent Management Management State of the Industry Report.  You can buy it from TM Magazine for only $495.00.