SOURCE: Human Capital Institute; Sequent

October 14, 2008 00:00 ET

New Study: The Role of Talent in the Achievement of Columbus' Economic Goals

Study of 1,100 Columbus Employers and Employees Reveals Challenges and Opportunities for Region's Economy

COLUMBUS, OH and WASHINGTON, DC--(Marketwire - October 14, 2008) - A study by Sequent and the Human Capital Institute (HCI) reveals that Columbus employers believe they are loosing too many young and talented potential employees. In fact, more than 25 percent of Columbus employers have difficulty retaining the right people, and 18 percent find it difficult to recruit entrepreneurial managers.

The study, "The Role of Talent in the Achievement of Economic Goals within the Columbus Metropolitan Statistical Area," was based on input from more than 950 employees and 212 business owners and executives. The comprehensive report was undertaken to address factors that cause Columbus to attract -- as well as lose -- talent. Among the findings:

--  Columbus employers have relative difficulty recruiting, hiring and
    retaining required talent. Top challenges to ensuring a pipeline of talent
    are developing existing talent, leadership development and retaining
    talent.
--  The three most difficult areas of expertise for Columbus employers to
    obtain are sales, computer programming and engineering.
--  Only 30 percent of Columbus employers believe the region's colleges
    and universities are assisting in meeting the changing skill needs of the
    area's workforce.
--  According to Columbus employees, the most important factors in a
    metropolitan area are safety, career and professional opportunities, and
    cleanliness and attractiveness.
--  According to employees in Columbus, the city's greatest weaknesses are
    its difficulty of travel, lack of professional and personal opportunity,
    and the region's appearance and reputation.
    

"In this current grinding economy, the future prosperity of Columbus hinges largely on its ability to ensure a ready talent pool for its future needs," said John D. Eggert, Ph.D., Senior Researcher at HCI.

"Ultimately, this report lays a foundation for helping Columbus bolster and leverage its workforce," added Eggert. "By addressing talent weaknesses and capitalizing on strengths, Columbus can establish its competitive advantage in the Ohio, U.S. and global markets."

Complete findings of the study will be presented at HCI's 2008 Talent Management Forum for Central Ohio, to be held on October 23, 2008 in Columbus. A full copy of "The Role of Talent in the Achievement of Economic Goals within the Columbus Metropolitan Statistical Area" is available to interested members of the media.

ABOUT SEQUENT

Sequent is a consulting and outsourcing services firm helping organizations improve corporate performance through the integration of people strategies, process management, and technology. Sequent relies on its experience, expertise, and a tested approach to create customized business solutions. With a solid understanding of customers' needs guiding Sequent's values and principles, it works to create an environment that allows customers to conquer their goals. We use fact-based assessment in conjunction with our Human Capital Management formula to develop solutions for improving the overall performance of an organization.

ABOUT THE HUMAN CAPITAL INSTITUTE

Human Capital Institute (HCI) is a catalyst for innovative new thinking in talent acquisition, development, and deployment. Through research and collaboration, our programs collect original, creative ideas from a field of executives, HR practitioners, and the brightest thought leaders in strategic talent management. Those ideas are then transformed into measurable, real-world strategies that help our members attract and retain the best talent, build a diverse, inclusive workplace, and leverage individual and team performance throughout the enterprise. www.humancapitalinstitute.org.

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