SlideShare a Scribd company logo
1 of 10
Download to read offline
Talent planning
accelerates revenue growth
and performance
in middle-market companies
© Grant Thornton LLP. All rights reserved. 2
Talent planning
A strategy for ensuring qualified employees
are in critical positions when you need them
© Grant Thornton LLP. All rights reserved. 3
From Mastering Talent Planning: A Framework for Success
The National Center for the Middle Market surveyed 400
C-suite middle-market executives who proved to be actively
engaged in attracting and retaining talent for their organizations.
© Grant Thornton LLP. All rights reserved. 4
Talent planning energizes your future
Gain revenue growth of 10% or more through talent planning
FOLLOW THE LEAD OF COMPANIES USING AN ORGANIZED PROCESS:
70% of companies with revenues $50M–<$100M
75% of companies with revenues $100M–<$1B
MORE INFO AT
Talent planning accelerates performance
for high-growth companies
© Grant Thornton LLP. All rights reserved. 5
Talent planning energizes your future
Talent planning is a process to:
Identify high-potential employees
Rate employees annually on potential
Pinpoint critical positions
Bench strength for those positions
Determine present and future skill gaps
© Grant Thornton LLP. All rights reserved. 6
Improve talent planning to activate growth
71% of middle-market
companies and
81% of fast growers
say talent planning is
very important
Only 14% of middle-market
companies and
22% of fast growers
give themselves an "A" in
talent planning
GET DETAILS Talent planning
accelerates performance for
high-growth companies
YET
© Grant Thornton LLP. All rights reserved. 7
Improve talent planning to activate growth
50% say
Talent planning is
important and
on par with other
top priorities
Companies assess the importance of talent planning
Talent planning is our top priority 11%
Talent planning is less important
than most other business priorities
13%
There are a few business priorities that
are more important than talent planning
26%
Talent planning is important and on par
with other top priorities
50%
© Grant Thornton LLP. All rights reserved. 8
Prepare for the biggest challenges
Top challenges:
1. Identify external talent pools
2. Identify critical positions
3. Line up successors
4. Implement retention processes
5. Identify internal talent pools
Middle-market companies identify the need to establish external and internal talent pools.
They also need to come up with better processes for succession planning, retention and
development processes.
6. Create processes to identify,
develop and assess performance
7. Identify skill gaps
8. Engage management
1. Identify internal talent pools
© Grant Thornton LLP. All rights reserved. 9
Framework proposed by the National Center for the Middle Market
ALIGN
talent planning with
corporate strategy
process for successful
talent planning
by example, drawing
HR and leadership
into the process
employees in the process
BUILD LEAD ENGAGE
Build an ABLE talent planning process
SHARE THIS
Mastering talent planning: A framework for success
© Grant Thornton LLP. All rights reserved. 10
Learn more about talent planning
READ
and see the infographic
DOWNLOAD
Talent planning accelerates performance
for high-growth companies
Mastering talent planning: A framework
for success

More Related Content

Viewers also liked

Viewers also liked (8)

Quick look at the business equivalency rate
Quick look at the business equivalency rateQuick look at the business equivalency rate
Quick look at the business equivalency rate
 
Famous Book Fairs Around The World
Famous Book Fairs Around The WorldFamous Book Fairs Around The World
Famous Book Fairs Around The World
 
DOL fiduciary rule: How it affects the insurance industry
DOL fiduciary rule: How it affects the insurance industry DOL fiduciary rule: How it affects the insurance industry
DOL fiduciary rule: How it affects the insurance industry
 
Recovery: Job Growth and Education Requirements Through 2020
Recovery: Job Growth and Education Requirements Through 2020Recovery: Job Growth and Education Requirements Through 2020
Recovery: Job Growth and Education Requirements Through 2020
 
The French Revolution of 1789
The French Revolution of 1789The French Revolution of 1789
The French Revolution of 1789
 
SXSW 2016: The Need To Knows
SXSW 2016: The Need To KnowsSXSW 2016: The Need To Knows
SXSW 2016: The Need To Knows
 
GAME ON! Integrating Games and Simulations in the Classroom
GAME ON! Integrating Games and Simulations in the Classroom GAME ON! Integrating Games and Simulations in the Classroom
GAME ON! Integrating Games and Simulations in the Classroom
 
The Physical Interface
The Physical InterfaceThe Physical Interface
The Physical Interface
 

More from Grant Thornton LLP

More from Grant Thornton LLP (20)

GT Events and Programs Guide February/March 2019
GT Events and Programs Guide February/March 2019GT Events and Programs Guide February/March 2019
GT Events and Programs Guide February/March 2019
 
GT Events and Programs Guide December/January 2019
GT Events and Programs Guide December/January 2019GT Events and Programs Guide December/January 2019
GT Events and Programs Guide December/January 2019
 
GT Events and Programs Guide
GT Events and Programs GuideGT Events and Programs Guide
GT Events and Programs Guide
 
GT Events & Program Guide: ForwardThinking October/November 2017
GT Events & Program Guide: ForwardThinking October/November 2017GT Events & Program Guide: ForwardThinking October/November 2017
GT Events & Program Guide: ForwardThinking October/November 2017
 
Real Estate Industry Success: Build, Transform and Protect Value into 2020
Real Estate Industry Success: Build, Transform and Protect Value into 2020Real Estate Industry Success: Build, Transform and Protect Value into 2020
Real Estate Industry Success: Build, Transform and Protect Value into 2020
 
Asset Management Industry Success: Build, Transform and Protect Value into 2020
Asset Management Industry Success: Build, Transform and Protect Value into 2020Asset Management Industry Success: Build, Transform and Protect Value into 2020
Asset Management Industry Success: Build, Transform and Protect Value into 2020
 
Technology Industry Success: Build, Transform and Protect Value into 2020
Technology Industry Success: Build, Transform and Protect Value into 2020Technology Industry Success: Build, Transform and Protect Value into 2020
Technology Industry Success: Build, Transform and Protect Value into 2020
 
Banking Industry Success: Build, Transform and Protect Value into 2020
Banking Industry Success: Build, Transform and Protect Value into 2020Banking Industry Success: Build, Transform and Protect Value into 2020
Banking Industry Success: Build, Transform and Protect Value into 2020
 
GT Events & Program Guide: ForwardThinking August/September 2017
GT Events & Program Guide: ForwardThinking August/September 2017GT Events & Program Guide: ForwardThinking August/September 2017
GT Events & Program Guide: ForwardThinking August/September 2017
 
Why prepare now? 5 things that smart businesses are doing TODAY to prepare fo...
Why prepare now? 5 things that smart businesses are doing TODAY to prepare fo...Why prepare now? 5 things that smart businesses are doing TODAY to prepare fo...
Why prepare now? 5 things that smart businesses are doing TODAY to prepare fo...
 
ForwardThinking June/July 2017 Grant Thornton
ForwardThinking June/July 2017 Grant ThorntonForwardThinking June/July 2017 Grant Thornton
ForwardThinking June/July 2017 Grant Thornton
 
10 social media tips for nonprofits to further engagement
10  social media tips for nonprofits to further engagement10  social media tips for nonprofits to further engagement
10 social media tips for nonprofits to further engagement
 
The Future of Growth and Industries Webcast Series: Trends to watch for 2020
The Future of Growth and Industries Webcast Series:  Trends to watch for 2020The Future of Growth and Industries Webcast Series:  Trends to watch for 2020
The Future of Growth and Industries Webcast Series: Trends to watch for 2020
 
ForwardThinking April/May 2017 Grant Thornton
ForwardThinking April/May 2017 Grant ThorntonForwardThinking April/May 2017 Grant Thornton
ForwardThinking April/May 2017 Grant Thornton
 
Tightening pressure transforms the landscape: The state of asset management
Tightening pressure transforms the landscape: The state of asset managementTightening pressure transforms the landscape: The state of asset management
Tightening pressure transforms the landscape: The state of asset management
 
Challenges facing a new administration
Challenges facing a new administration Challenges facing a new administration
Challenges facing a new administration
 
Impact of voter turnout in U.S. elections
Impact of voter turnout in U.S. electionsImpact of voter turnout in U.S. elections
Impact of voter turnout in U.S. elections
 
Not-For-Profit Audit Committee Briefing
Not-For-Profit Audit Committee Briefing Not-For-Profit Audit Committee Briefing
Not-For-Profit Audit Committee Briefing
 
The Future of Internal Audit through data analytics
The Future of Internal Audit through data analyticsThe Future of Internal Audit through data analytics
The Future of Internal Audit through data analytics
 
An industrial approach to risk and control self-assessments
An industrial approach to risk and control self-assessmentsAn industrial approach to risk and control self-assessments
An industrial approach to risk and control self-assessments
 

Recently uploaded

Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
amitlee9823
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Dipal Arora
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
Renandantas16
 
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
dollysharma2066
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
amitlee9823
 

Recently uploaded (20)

Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and pains
 
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
 
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableCall Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
 
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
 
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRLBAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMAN
 
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 

Talent planning accelerates performance for high-growth companies

  • 1. Talent planning accelerates revenue growth and performance in middle-market companies
  • 2. © Grant Thornton LLP. All rights reserved. 2 Talent planning A strategy for ensuring qualified employees are in critical positions when you need them
  • 3. © Grant Thornton LLP. All rights reserved. 3 From Mastering Talent Planning: A Framework for Success The National Center for the Middle Market surveyed 400 C-suite middle-market executives who proved to be actively engaged in attracting and retaining talent for their organizations.
  • 4. © Grant Thornton LLP. All rights reserved. 4 Talent planning energizes your future Gain revenue growth of 10% or more through talent planning FOLLOW THE LEAD OF COMPANIES USING AN ORGANIZED PROCESS: 70% of companies with revenues $50M–<$100M 75% of companies with revenues $100M–<$1B MORE INFO AT Talent planning accelerates performance for high-growth companies
  • 5. © Grant Thornton LLP. All rights reserved. 5 Talent planning energizes your future Talent planning is a process to: Identify high-potential employees Rate employees annually on potential Pinpoint critical positions Bench strength for those positions Determine present and future skill gaps
  • 6. © Grant Thornton LLP. All rights reserved. 6 Improve talent planning to activate growth 71% of middle-market companies and 81% of fast growers say talent planning is very important Only 14% of middle-market companies and 22% of fast growers give themselves an "A" in talent planning GET DETAILS Talent planning accelerates performance for high-growth companies YET
  • 7. © Grant Thornton LLP. All rights reserved. 7 Improve talent planning to activate growth 50% say Talent planning is important and on par with other top priorities Companies assess the importance of talent planning Talent planning is our top priority 11% Talent planning is less important than most other business priorities 13% There are a few business priorities that are more important than talent planning 26% Talent planning is important and on par with other top priorities 50%
  • 8. © Grant Thornton LLP. All rights reserved. 8 Prepare for the biggest challenges Top challenges: 1. Identify external talent pools 2. Identify critical positions 3. Line up successors 4. Implement retention processes 5. Identify internal talent pools Middle-market companies identify the need to establish external and internal talent pools. They also need to come up with better processes for succession planning, retention and development processes. 6. Create processes to identify, develop and assess performance 7. Identify skill gaps 8. Engage management 1. Identify internal talent pools
  • 9. © Grant Thornton LLP. All rights reserved. 9 Framework proposed by the National Center for the Middle Market ALIGN talent planning with corporate strategy process for successful talent planning by example, drawing HR and leadership into the process employees in the process BUILD LEAD ENGAGE Build an ABLE talent planning process SHARE THIS Mastering talent planning: A framework for success
  • 10. © Grant Thornton LLP. All rights reserved. 10 Learn more about talent planning READ and see the infographic DOWNLOAD Talent planning accelerates performance for high-growth companies Mastering talent planning: A framework for success