A survey conducted by McKinsey consultants required 2,000 executives to rate their company's strategies on a set of 10 strategic measures. The survey revealed that of the executives felt their company passed more than three of the tests.
less than half T/F

The correct answer is True.

Explanation:

The allocation of economic capital has always been recognized as a fundamental factor for the success of an organization. However, the value of properly managing and distributing human capital does not enjoy the same recognition. But the results of a new global McKinsey survey confirm the positive effects of talent management on business results. According to the participants, organizations with effective talent management programs have a better chance of surpassing their competitors and obtaining greater returns for shareholders than their peers, among which are publicly traded.

The survey also inquired about specific practices that help predict the existence of a successful talent management strategy. Although there is no ideal approach to effectively manage human capital, the survey revealed three common practices with high impact on the overall effectiveness of talent management and the performance of organizations: allocate talent in an agile manner, promote positive experience for employees, and have a HR team with strategic mentality. The conclusions of the survey also point to actions that organizations of all types can take to cultivate these practices and thus improve their talent strategy and the company's performance.

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