Halifax Chamber of Commerce People Strategy: While the circumstances that created this safe prediction have never really gone away their crisis status was downgraded as yet another consequence of the Great Recession and HR did not achieve its full potential, according to The Chronicle Herald. Have we arrived at another point in time when it is safe again to predict a rise in the attention paid to the talent management function and Almost 10 years ago, the Halifax Chamber of Commerce People Strategy document made the observation that in the coming years, with an aging population and increasing global competition, the HR function would take on increased importance in organizations and achieve a level of strategic importance once only reserved for finance and marketing. The chief talent officer would be the star. A decade on and five years after the start of the downturn the demographic wave has advanced toward the shore by another 10 years and the problems of an aging workforce have been supplemented by skill shortages and mismatches caused by the never ending drumbeat of technological change, as well as the ebb and flow of global competition for profits and for the talent that drives it.
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