Its global survey, which questioned 2,500 senior executives in 14 different countries, discovered that even though 65% of UK-based senior HR executives believe they are already highly effective at measuring the impact of their talent management initiatives, 85% stated they are under pressure to demonstrate the outcome of these initiatives in monetary terms.
It also revealed that globally, 82% of HR executives said they were experiencing this pressure to deliver.
Commenting on its findings, Mark Hodgson, Talent Management Practice Leader, Right Management, said:
“It’s a tough call to demonstrate the ROI on talent management initiatives.”
“Typically, it’s been measured by collecting ‘happy sheets’ based on feedback from employees but this is a fairly light touch which is no longer enough to satisfy the board.”
He added:
“Today’s economic climate is compelling HR executives to demonstrate that their talent development initiatives are worth the investment by using convincing metrics which indicate a substantial monetary ROI.”
