The Talent Health Index: Unlocking your path to a future-fit strategy
How do you figure out how to cure organizational issues without knowing what true organizational health even looks like? If you have a hard time defining it, you’re not alone. Over 80% of organizations are grappling with the intricacies of adapting to rapidly changing workforce trends.
The rapid pace of technological advancements, shifting employee expectations and a dynamic market environment have brought a new level of complexity to attracting, retaining and upskilling talent. The key to success lies in embracing a holistic approach to talent management.
Think of the Cornerstone Global Talent Health Index (THI) as your compass to navigate this journey. It’s not just another metric — it’s a dynamic tool that empowers you to assess, strategize and optimize your talent management efforts. By delving into what THI offers, you’ll uncover a treasure trove of insights you can utilize to set a course for success.
Understanding the Talent Health Index: a holistic approach
First of all, what is the Talent Health Index?
Picture talent management as a puzzle. Each piece represents a different dimension of your organization’s talent landscape. The THI combines these dimensions into four distinct maturity levels — Foundational, Administrative, Sophisticated and Transformative — forming a complete picture to drive growth, productivity and success.
From the Foundational to Transformative levels, the Global Talent Health Index spans the entire spectrum of talent maturity and organizational wellness. You’ll encounter a unique blend of initiatives at each level, from basic compliance-driven actions to AI-powered innovations.
Within each level, these critical dimensions of talent wellness propel your organization toward excellence:
- Enhancing culture and technology – Scale learning and growth to foster your people’s potential
- Refining content strategy – Curate content directly tied to business challenges as a solution
- Improving skills strategy – Help your staff achieve their own goals, and your organization’s, through upskilling
- Boosting learning and development – Discover how to create more enticing learning experiences for your team
- Integrating performance management – Learn how to seamlessly tie performance conversations into employee learning
- Promoting talent mobility – Foster professional growth so your people know they have a place to flourish at your organization
- Leveraging talent reporting, data and analytics – Utilize AI-powered technology to direct data-driven decision-making
The THI also helps close the 29% skills confidence gap between employers and their people. Only 59% of employees globally reported they were confident in their organization's prioritization of skill development opportunities compared to 88% of employers. With the THI, you can bridge the gap and reduce this discrepancy.
Research-based insights for elevating talent health
The Talent Health Index Report, led by the Cornerstone People Research Lab, is grounded in rigorous global research and data that discovered most organizations are falling behind with their talent health initiatives. Derived from the wisdom of over 700 business leaders and 1,400 employees, it’s a map capable of guiding organizations through the intricate landscape of talent development on a global scale — straight from the people on the ground just like you.
Let’s take a journey through the four distinctive levels of talent maturity that the THI outlines — Foundational, Administrative, Sophisticated and Transformative — each offering a structured framework designed to empower your journey toward a more vibrant and comprehensive talent strategy.
At this initial stage, think of your talent strategy framework as a bedrock upon which you build organizational success. This level addresses fundamental needs, lays the groundwork for growth and ensures basic compliance with essential standards. By acknowledging the importance of these simple building blocks, you set the stage for a robust and agile talent management approach.
As you progress, your talent management approach evolves from manual to automated processes. This shift from administrative tasks to more strategic initiatives allows your organization to focus on honing skills, exploring novel avenues for development and aligning talent strategies with broader business goals. The Administrative level emphasizes efficiency, streamlining operations and embracing technological advancements that facilitate a more responsive and adaptive talent ecosystem.
At this stage, a pivotal change occurs: You shift from treating learning as an occasional activity to fostering a continuous learning culture. Analytics integration becomes a beacon, guiding your decision-making and strategy development. Skills become a universal language that unifies your workforce and promotes a cohesive understanding of organizational objectives. By nurturing a learning-centric environment, you empower employees to embrace growth, innovation and excellence.
The pinnacle of talent maturity is the Transformative level, where you harness the potential of AI-powered processes for strategic workforce planning. Here, you’re not merely reacting to change but proactively shaping it. Agile decision making becomes second nature, enabling you to adapt swiftly to evolving industry landscapes. This level leverages AI’s capabilities to optimize talent management, ensuring your organization tackles challenges and seizes opportunities in an ever-changing world.
The path to a thriving workforce
The heartbeat of every organization is its people, and the THI paints a vivid picture of how you can appeal to their appetite for growth.
- 41% of employees express a need for more confidence in having the necessary resources to develop their skills
- 65% of employees are actively seeking additional learning content
These stats point to a desire for continuous upskilling and development, underscoring the need for organizations to curate diverse and engaging learning opportunities. And the yearning for growth doesn’t stop at content alone.
- 62% of employees are eager to embrace coaching and mentoring, highlighting the significance of personalized guidance in nurturing talent potential
- 59% of employees are actively seeking career guidance, signaling a thirst for clarity and direction in their professional trajectories
Not all organizations are lagging in their THI maturity. High-Performing Organizations (HPOs) — those with higher customer satisfaction, productivity, employee retention and overall performance ratings — exhibited notably higher maturity levels. On average, HPOs landed at the Sophisticated level and were successful at refining content strategies, improving skills strategies and integrating performance management.
- 96% of employees at HPOs see their organization tangibly demonstrate how they help them develop
- 92% express confidence in their talent development initiatives
- 96% believe their employer cares about them and their growth
Moving ahead through self-assessment
These key findings aren’t mere numbers. They offer actionable insights to shape your organization’s talent health journey. When employees express the need for more resources, learning content, coaching and career guidance, they highlight areas where organizations can direct their efforts for meaningful impact.
The THI can help you understand where your organization is with all these metrics as you use them to assess your company. You can use the THI to identify gaps, chart progress and envision a path to improvement. Whether your organization is still at the Foundational level or just on the cusp of becoming truly Transformational, it can help you take that next step to get where you need and deserve to be.
Paving the way to a resilient talent ecosystem
By embarking on this journey, you’re shaping your future, not just adapting to it. As HR admin professionals, technology leaders, talent acquisition leaders and business leaders, you are the key to unlocking your organization’s true potential. The Talent Health Index serves as your trusted companion, providing insights, strategies and a compass to navigate the complexities of redefining your talent strategy.
The future beckons, and with the Global Talent Health Index in hand, you’re poised to lead your organization toward excellence. Embrace the power of a holistic talent management approach. Let the Talent Health Index illuminate your path to a game-changing talent strategy.
Want to keep learning? Explore our products, customer stories, and the latest industry insights.
The top 5 Cornerstone skills insights of 2023
As the year comes to a close, Cornerstone is reflecting on some of the most impactful topics we’ve covered in 2023 shaping the future of the workforce. In this curated collection, explore recent blogs featuring cutting-edge concepts and technologies transforming the landscape of skills development. Join us on a journey through skills ontology, talent development, AI-powered intelligence, HR functions and the profound need for accessible learning opportunities for everyone.
The Talent Health Index: Unlocking your path to a future-fit strategy
How do you figure out how to cure organisational issues without knowing what true organisational health even looks like? If you have a hard time defining it, you’re not alone. Over 80% of organisations are grappling with the intricacies of adapting to rapidly changing workforce trends.
Unravelling the Skillapalooza - A strategic shift to skills based organisations in 2024
In business as in martial arts, skills are not an end, but a means to an end. Developing talent with the right skills, at the right time and place to deliver business goals is a challenge every organisation faces.