Magazine article Workforce

World Business Leaders Target Top Workforce Issues

Magazine article Workforce

World Business Leaders Target Top Workforce Issues

Article excerpt

Global business leaders have identified three HR issues-leadership development, pay for performance, and training and development-as the top workforce concerns over the next two to three years. Top executives with 2,143 companies in 23 countries participated in "Competing in a Global Economy," a December 1997 survey conducted by Bethesda, Maryland-based Watson Wyatt Worldwide. Respondents represent 8.1 million workers.

"The globalization of the economy has forced companies across the world to reorganize both their structural and financial capital to achieve a competitive edge," says George Bailey, global director of the The Human Capital Group at Watson Wyatt. "But, to reach the next level of performance, companies must focus on their human capital." Findings include:

Leadership development: Managers are aware of the central role leadership plays in helping companies succeed. Seventy percent of respondents cited the "ability to lead/manage people" as the most important skill needed by managers. The study also shows many companies may be struggling with a leadership deficit. …

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