executives in 2020 the no. 1 priority for · ensure talent strategy is well-documented and...
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The No. 1 priority for executives in 2020
Jackie DubeSVP, Talent Optimization The Predictive Index
Matt Poepsel, PhDSVP, Product The Predictive Index
THE PREDICTIVE INDEX
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The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
Execs say 64% of total company costs are labor costs.
KEY FINDING
The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
Execs attribute 72% of their company’s value to their employees.
KEY FINDING
The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
On average, senior leaders spend 61% of their time solving people problems.
KEY FINDING
The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
Execs are most likely to say employee performance and productivity is something they lose sleep over.
KEY FINDING
The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
37% of executives say their No. 1 priority is talent strategy.
KEY FINDING
The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
One-third of companies have a talent strategy and less than a quarter have well-documented, well-understood talent strategy
KEY FINDING
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The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
Talent optimized companies outperform other companies by 16% in terms of strategic success rates.
KEY FINDING
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The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
22% of companies consider talent strategy a shared responsibility (not just HR’s)
KEY FINDING
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DESIGN
HIRE
DIAGNOSE
INSPIRE
The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
A mere 12% of companies align their talent strategy with their business strategy.
KEY FINDING
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Four Quadrants
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Four Quadrants
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Four Quadrants
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DESIGN
HIRE
DIAGNOSE
INSPIRE
The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
Execs say only 49% of last year’s hires were good hires.
KEY FINDING
The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
61% of executives say employees are terminated because they lack the behavioral fit or cognitive ability needed for the job.
KEY FINDING
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DESIGN
HIRE
DIAGNOSE
INSPIRE
The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
On average, 47% of high-performing employees left their company last year.
KEY FINDING
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DESIGN
HIRE
DIAGNOSE
INSPIRE
The Predictive Index | The 2020 State of Talent Optimization Report | www.predictiveindex.com/TOreport
Only 22% of companies know what’s driving employee disengagement.
KEY FINDING
THE PREDICTIVE INDEX
Talent optimization practices
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● Align talent strategy to the business strategy.● Align organizational structure to the business strategy.● Ensure talent strategy is well-documented and understood
throughout the organization. Make talent strategy everyone’s responsibility (not just HR’s).
● Have the right executive team in place to execute the business strategy.
● Understand executives’ confidence level in achieving each strategic priority.
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Questions?
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BOSTON | OCTOBER 14-16, 2020
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