- The human resources function has changed dramatically due to globalization and technology, opening up global talent pools and requiring organizations to employ diverse workforces.
- Demographic shifts will profoundly impact organizations, bringing both risks and opportunities related to changing population sizes, ages, and locations. Talent shortages are a major challenge requiring new recruitment, development, and retention strategies.
- Successful organizations address talent management holistically through recruitment of appropriately skilled individuals, development of talents, and retention strategies to maximize return on investment in human capital.