Studies and statistics suggest that, because of demographic trends, companies will soon face a shortage of talent. In response, many companies have begun adopting processes and tools to more effectively recruit, retain, and develop talent. At the top of the list are human capital management (HCM) and talent management systems. Find out how these new technologies can help your company survive the coming talent crunch.
Conference Board Inc., who studies compa- nies that do strategic workforce planning. The problem will be more gradual in other industries. The issue is often quality, not quantity. A lot of companies don't have difficulty getting workers in general, but do have trouble getting the key people in the most strategic roles they need to fill, says Jennifer Schramm, manager of workplace trends and forecasting at the Society for Human Resource Management (SHRM) in Alexandria, Va. Rio Tinto, for example,