Respondents to an Economist Intelligence Unit survey, sponsored by KPMG International, give similarly mixed messages:
- About eight in ten (81 percent) respondents say that putting in place the most effective talent management strategy will be key to competitive success.
- Six in ten (59 percent) believe that HR will grow in strategic importance.
- Just 17 percent maintain that HR does a good job of demonstrating its value to the business.
Meanwhile, the forces of globalization, talent constraints and new technology are driving rapid change to the HR function. A majority (55 percent) of survey respondents believe the metrics that define the success in HR today will fundamentally change over the next 3 years.