Talent strategy challenges

Challenges

  • Business and human resource (HR) strategies are misaligned.
  • Talent strategy components are not equipped for the future shape of work.
  • Talent practices are misaligned with business priorities.
  • Workforce strategies are not keeping pace with business model changes.

Mercer’s research identified the top 10 HR priorities in the year ahead:

  1. Improving workforce planning to better inform buy/build/borrow strategies
  2. Designing talent processes around skills 
  3. Enhancing total rewards packages
  4. Addressing pay, gender and other equity gaps
  5. Rethinking compensation plans
  6. Investing in workforce upskilling/reskilling
  7. Delivering on total well-being strategies
  8. Evolving the flexible working culture
  9. Redesigning HR operations
  10. Putting ESG/sustainability at the heart of our transformation agenda

Your business success depends on your future talent

An effective talent management strategy can help you meet your workforce and business needs today, tomorrow and well into the future. Mercer can help you create an effective and high-performing talent framework and strategy that includes:

  • Executive compensation

    Design competitive executive compensation and policies that align with business strategy while attracting and incentivizing top talent.

  • Employee rewards

    Use the world's largest and most comprehensive remuneration data, insights, and research – so you can be sure you are making the right employee compensation decisions.

  • Job and career architecture

    It’s an employee-centric environment. To achieve optimal internal equity and external competitiveness, it’s essential to establish a robust career architecture framework with consistent job analysis and job evaluation methodology.

  • Skills-based talent strategy

    Transform your workforce with skills-based talent management. Reinvent your talent and reward programs around skills.

  • Talent assessment

    Advance your talent strategies for the new shape of work. Start with an assessment of your organization’s current skills to gain an understanding of the gaps you need to bridge in building your workforce of the future.

  • Talent mobility

    Global talent mobility trends and practices are changing rapidly. As the world learns to live with COVID, companies are having to rethink their talent mobility strategies.

  • Talent strategy

    Reset your future-of-work agenda and renew the employer/employee relationship, pioneer workplace and workforce design, and create a differentiated employee experience.

  • Diversity, equity and inclusion (DEI)

    Companies that elevate DEI in the workplace as a top priority will position themselves for success. They will remain relevant and thrive, empowering themselves and their employees to build a better future by creating a better world for everyone.

  • Employee experience

    Create a compelling employee experience strategy that is positive and distinct to attract and retain quality talent.

Related insights

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