Firms shortsighted about talent: study

Futurestep, a global industry leader offering fully customized, flexible strategies to help organizations meet specific workforce needs, released its Global Talent Impact Study recently.

Futurestep commissioned the study of nearly 1,600 human resources professionals in the United States, the United Kingdom, France, Germany, Brazil, the Chinese mainland, Hong Kong and Australia and discovered organizations were taking a distinctly short-term approach to recruitment.

"We found that organizations typically value performance above retention and measure the impact of employees within year one. Our view is this is a reaction to recent economic turbulence and ongoing uncertainty, which has created a focus on the needs of organizations today and the role individuals play to deliver upon these," said Byrne Mulrooney, chief executive of Futurestep.