Talent Optimization Eclipses Attraction and Even Retention during a Recession

A new talent management white paper from TalentQuest maintains that the training of managers ought to be organizations' primary objective during an economic downturn; the optimization of staff is the most important factor determining success when profits are down.

Business leaders and human resources leaders must carefully differentiate which programs can increase profitability and employee effectiveness in the short term, especially at a time when talent management budgets are streamlined and constantly scrutinized. Since the manager's skill level correlates with team performance, if the manager's skills are increased, the individual and team performance will also improve, according to the report, titled The Importance and ROI of Training: Surviving and Thriving in an Economic Downturn. The best productivity possible, after all, is a key to success when the business climate is stormy.