Episode 19
Special Report: Talent Optimization, Designing a Talent Strategy for Maximum Results
October 15, 202022m 35s
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Show Notes
Today we have a special conversation on talent optimization with our hosts Drew and Jordan. We dissected a few important aspects of The 2020 State of Talent Optimization Report, courtesy of our software partners at the Predictive Index. We've analyzed this report to give you the most valuable 20 minutes you'll spend today because when you have optimized teams, you get business results. While we see this everyday with our business leaders, here is the concrete data from this special report:
- 64% of total company costs are labor costs - which means you're spending the majority of your budget on people
- Execs attribute 72% of their company's value to their employees
- 36% of businesses have a talent strategy, but only 24% could explain it to their employees
- Talent optimized companies outperform other companies by 16% in terms of strategic success rates.