What’s your best estimate of how many of the hires made in the past year were good hires?
While having an agreed-upon and well-documented business strategy is mission-critical, business strategies don’t execute themselves; people do. Senior leaders can overcome common challenges and maximize strategic performance by crafting an aligned talent strategy; this is the essence of talent optimization.
For the purposes of this report, The Predictive Index defined 11 talent optimization practices. Implementing specific combinations of these practices translated to positive business outcomes for the participants we surveyed in this study. In this report, we refer to companies that implement combinations of these 11 practices as talent optimized companies.
Companies that did not practice talent optimization
Average time spent on people problems
Time spent at talent optimized companies
Of the 600 senior leaders surveyed, 200 held the role of CEO or president. The remaining 400 were SVPs, VPs, or other members of the executive team.
Regardless of industry, there were similar challenges and priorities—and a strong relationship between talent strategy (or lack thereof) and business results.
Each executive surveyed led a company with no less than 50 employees, with 41% of executives leading a company with 500 or more employees.
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