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Unformatted text preview: therlands, and
Russia did not consider both of these to be of utmost
importance. (See Exhibit 3.) Strategic workforce planning
and enhancing employee engagement also consistently
Returning to the matrix in Exhibit 2, topics with low future importance and high current capability fall in the
green zone at the lower-le corner. Managing labor costs
and restructuring the organization, for instance, are per- Strategic workforce planning was viewed as fairly important for the future, but current capabilities were rated Exhibit 3. Managing Talent and Improving Leadership Development Ranked High in Most
Canada States Brazil France Germany Managing talent 1 2 4 1 Improving leadership
development 2 1 1 2 Strategic workforce
planning 3 3 3 Enhancing employee
engagement 4 4 2 1 2 3 2 3 1 2 2 14 2 2 1 1 2 1 1 13 4 5 5 5 4 4 4 3 13 3 3 3 5 2 3
2 3 5 4 3 8 2 4 5
5 3 5 4 4 4 Improving performance
management and rewards New Philip- Mentions
China Australia Zealand pines in Top 5 1 5 5 Paciﬁc 1 2 5
Africa Asia 3 1 3 Becoming a learning
organization Rank United Saudi
Netherlands Russia Kingdom Arabia 4 Managing change and
cultural transformation Improving employer
branding 1 Italy 5 Transforming HR into
a strategic partner
East Africa Europe 4
5 4 1 5 3
5 3 12345 Sources: Proprietary Web survey with 5,561 responses; BCG/WFPMA analysis.
Note: This exhibit shows those countries where the number of respondents exceeds 50. C P A ceived as not critical, because they were addressed during
the crisis. seem to have improved their assessment of employees’ performance. Thirteen topics fall in the yellow zone, where challenges do
◊ Becoming a learning organization decreased slightly in
not pose immediate danger and can be addressed before
future importance but remained close to the red zone.
they move into the red zone. However, we should highlight
In a fast-changing environment, there is a premium on
several yellow-zone topics for which current capabilities
skills and knowledge that help people adapt to the
are low and we believe future importance
changes, as well as a premium on mastermight have been underestimated.
ing new digital channels of learning. ComManaging
panies should also capture the knowledge
Managing demographics, which goes hand
of older employees before they retire.
in future importance
in hand with strategic workforce planning,
declined dramatically in future impor◊ Improving performance management and
yet in our view remains
tance aer 2008 because of pressing shortrewards had a slight increase in future imhighly relevant.
term concerns. However, in our view this
portance, probably because of wide pubtopic remains highly relevant to multinalic debates on executive compensation.
tional companies. Populations in many developed countries are skewing sharply older, causing waves of retire◊ Managing chan...
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- Fall '13