Expected Investment in Talent Management Seen to Be Rising in the U.K.

It’s a nearly 38 percent increase over the U.K. business community’s anticipated investment in talent management at this time last year (40 percent anticipated), according to the “Talent Management Survey 2010.” Even so, the report on the views of 225 senior HR professionals, surveyed and compiled by Talent Q, also finds that widespread layoffs remain likely, with nearly 50 percent of respondents employing 50,000 or more expecting to reduce their head counts. (Among all respondents, just over one-quarter expect to do so.)

The current Talent Q Survey tracks movements in opinion since the 2009 survey and examines how HR professionals have weathered the challenges of the past 12 months. It also looks ahead to the next 12 months and captures respondents’ views on how prepared they are to address the upcoming challenges concerning effective talent management.

Of note, and in keeping with the detected rise in talent management spending over the next 12 months, only 26 percent of respondents expect that their talent management strategies will remain unchanged in 2010. Compared to 2009, it’s a drop of nearly one-third. Telling of an undeniable up-tick in activity is the 71 percent of firms in the pummeled financial services sector that have begun to reinvest in talent.

Albeit, Talent Q concedes in its news release on TMT, this is an increase over last year’s exceedingly low baseline for financial services. Additionally, running second place to the financial services sector is not another private sector, but the public sector, with 61 percent poised to increase investment. Professional services lag behind all others surveyed, with 42 percent anticipating an increase in talent management investment.

Posted by RecruitingTrends.com on March 3, 2010. Filed under Data Watch. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry