Talent Management's ROI

From: The Daily Stat, Harvard Business Publishing Daily Stat: October 6, 2008 Talent Management's ROI  McKinsey research finds that multinational companies that do a better job of managing their people -- for instance, by making it easier for managers to rotate among jobs in different countries -- do better financially. McKinsey asked more than 450 global executives how many talent-management best practices their companies used and then ranked the companies accordingly. Those in the top third had profits per employee 39% higher than those in the bottom third. The top three global talent management practices associated with financial success:  1. Ensuring global consistency in management processes  2. Achieving cultural diversity in global setting  3. Developing and managing global leaders  SOURCE: "Why Multinationals Struggle to Manage Talent," The McKinsey Quarterly, May 2008