Ninety-two percent of employers expect competition for talent to increase this year — and many plan to respond by growing talent from within, according to a new survey involving more than 400 senior executives, 1,700 HR professionals and 5,400 employees in 37 countries.
Although attracting top talent externally remains a goal, respondents said they also are focused on leader-centric employee development, identifying high-potential employees, building skills across the workforce and supporting employees’ career growth.
A number of organizations are also considering major organizational design changes. Forty-one percent say they’ll move support functions to shared services; 31 percent plan to eliminate roles and/or departments and 31 percent say they’ll decentralize authority.
Additional organizational design changes include increasing regional control (20 percent); outsourcing parts of the business model (20 percent) and moving operations to low-cost locations (15 percent).
Find out more about how companies plan to handle the increased competition for talent — and the survey’s digital, employee reward and other findings — by downloading Mercer’s Talent Trends report.