Media & Consumer Technology: Five Principles of Effective Talent Management
Profitable growth leaders in media and consumer technology spend 25% less on sales turnover. How are these best-in-class organizations crafting and executing a cohesive commercial talent management strategy?
Alexander Group recently surveyed 250+ commercial leaders in media and consumer technology to gain their insights on the best practices for developing a talent management strategy that truly brings a competitive advantage.
The report, Five Principles for Effective Talent Management in Media & Consumer Technology, is now available. Highlights include:
- Companies that invest in employee engagement programs achieve higher customer experience ratings.
- 35% of media account executives are hired internally, either through promotions or functional shifts.
- 50% of media companies source market data to inform pay levels at least annually; those that do are better able to use pay as a lever for acquiring high-performing talent.
- Firms that measure employee skills and competencies on a quarterly basis realize a ~20% reduction in employee attrition due to insufficient training.
- Compensation is the #1 reason candidates accept hiring offers and is also the top reason employees resign; the dollar amount, however, is not the only component that matters.
Interested in finding out more on how to develop advanced practices for talent management?
Please complete the form and an Alexander Group representative will be in contact with you soon to schedule your briefing.
