Pearson Partners International: The Chief Talent Officer: The Rising Star in the War for Talent
A new white paper from Pearson Partners International highlights the key roles of the Chief Talent Officer (CTO), a laser-focused C-Suite role focused on acquiring and managing the human resources needed to win the war for talent.
The study surveyed CTOs and human resources executives asking about the scope of the CTO role, talent-related challenges and unique approaches to these challenges.
Here are the key findings:
- Fewer than half of respondents (39%) have a Chief Talent Officer.
- The top 5 challenges of attracting and retaining talent are insufficient skilled worker supply, ineffective recruiting efforts, competitive employee market, lack of industry-specific experience, and compensation pressures.
- The CTO job description is still murky. It can include recruiting, hiring, onboarding, leadership development, and succession planning.
- The 5 most common approaches to meet challenges include enhancing internal training and development, leveraging technology, a Total Rewards program, using social media and job boards, and using executive search firms to find talent.