Foxconn Confirms Moving to Rotating CEO
Foxconn confirmed a shift to a rotating CEO system, with the heads of the company’s six business groups each having a stint in the top position.
In 2019, HR leaders’ top three key initiatives will be building critical skills and competencies, strengthening the current and future leadership bench and improving employee experience, according to Gartner. The analytics firm surveyed 843 HR leaders globally, and these three initiatives clearly emerged as priorities.
The survey showed that building critical skills and competencies is a priority for 85 percent of heads of learning and development. Seventy-eight percent of talent management leaders are prioritizing building the leadership bench while more than half of all HR leaders agree that improving employee experience is a priority.
“Given the realities of today’s tight labor market, the focus on developing and retaining top talent is critical,“ said Brian Kropp, group vice president of Gartner’s HR practice. “Our most recent Global Talent Monitor report found that only 53 percent of workers worldwide have a high or somewhat high intent to stay in their current positions, compared with 60 percent of workers in 1Q18.“
To deliver against these initiatives, heads of HR must develop a strategy that focuses on the following key levers of improvement:
“The businesses that are successful today and, in the future, will be those that win when it comes to talent,“ said Sari Wilde, managing vice president of Gartner’s HR practice. “This means helping employees build critical skills and developing employees into leaders, which is especially critical given that less than two-thirds of managers think their employees are able to keep pace with future skill needs.“