Training Today: CEO Challenge: Hiring and Retaining Talent

As a result, CEOs are integrating HR into strategic business planning and operations.

Talent remains a toppriority for CEOs, according to PwC’s 15th Annual Global CEO Survey. Some 53 percent of global CEOs and 46 percent of U.S. CEOs see the availability of key skills as a threat to their growth prospects. Indeed, 29 percent of CEOs said they were unable to pursue a market opportunity or have had to cancel or delay a strategic initiative because of talent in the last 12 months.

A majority of CEOs (68 percent global; 71 percent U.S.) wish they could spend more time focused on developing the leadership of their business and talent pipeline. This is particularly important as two-thirds of CEOs say it is more likely talent will come from promotions within their companies over the next three years. High-potential middle managers are the employees that more than half of U.S. CEOs (56 percent) fear losing the most.

To close the talent gap, CEOs are looking for longer-term strategic views. According to the survey, most CEOs (79 percent global; 74 percent U.S.) say that the chief human resources officer (CHRO), or equivalent, is one of their direct reports. Given that most CEOs have six to 10 direct reports, the report findings suggest that CEOs are integrating HR into strategic business planning and operations.

To download a copy of PwC’s 15th Annual Global CEO Survey, visit www.pwc.com/ceosurvey.

Lorri Freifeld is the editor/publisher of Training magazine. She writes on a number of topics, including talent management, training technology, and leadership development. She spearheads two awards programs: the Training APEX Awards and Emerging Training Leaders. A writer/editor for the last 30 years, she has held editing positions at a variety of publications and holds a Master’s degree in journalism from New York University.