Lisa Cannell, Managing Director and CHRO at the UVA Darden School of Business, set out to learn answers to the questions: “What talent management practices have stood the test of time in companies, which ones are changing, and why? What impact are these changes having on talent management leaders today?” She conducted 50 interviews with a variety of industries, including a majority of Fortune 500 companies, to get to the source of the driving forces of change.
As can be expected, the interviews with such diverse companies revealed that companies fall on a broad spectrum of approaches to talent management and organizational design. Some are committed to completely rebuilding talent management systems within their organizations; some are committed to their tried & true approaches. While the differences in industry influenced some of the changes, they all reported on macro trends that are shaping their future.
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