In 2010, companies can no longer depend on the recession for their retention and talent strategies

Key to success for organizations is to find the right mix of talent strategies in order to keep top talent and identify key lead

Diegem, 25 February 2009 – Today Deloitte announces the results of Part V of its Deloitte Managing Talent in a Turbulent Economy study. This report surveyed 335 global executives and features a spotlight focus on leadership, highlighting the fact that companies that “walk the walk” on leadership not only have the right programs in place in order to develop their leaders effectively, but also that they have a different view of the world—and a jump on their competitors1. The study also indicates that in 2010, companies can no longer depend on the recession for their retention and talent strategies.

Clearly this past year was a tumultuous one for managing talent. Defensive actions, such as layoffs and cutbacks, dominated the agenda for many companies throughout the year and remain action items for many executives. Since January 2009, Deloitte has been conducting a longitudinal survey to gauge how senior executives and talent managers are positioning their workforces, both in deep recession and in emerging recovery.

Rolf Driesen, Partner Deloitte indicates: “We believe the companies that achieve the best balance of offensive and defensive talent strategies will have the inside lane on the recovery curve. Based on a year’s worth of survey data, the profile of these successful companies is coming into focus: companies that do not foresee further painful layoff decisions, companies that have committed themselves to retaining top talent, and companies that are investing in “world-class” leadership programs in order to build robust pipelines of emerging and senior leaders”.

The results of the most recent December survey - the final edition in Deloitte’s year-long, longitudinal survey of global talent trends and strategies - have revealed the following key findings:

Rolf Driesen concludes: “Based on the emerging economic realities, we believe that the key to success for organizations is to find the right mix of talent strategies in order to keep top talent and identify key leaders”.

About Managing Talent in a Turbulent Economy

This is a year-long longitudinal series conducted for Deloitte Consulting LLP by Forbes Insights surveying global executives across all industries, at large businesses worldwide in the Americas, Asia Pacific, and Europe, the Middle East, and Africa.

The study currently consists out of 5 parts;

1. Survey conducted in December 2009 and report published in January 2010