Talent Management on the top of every CEO’s agenda in 2012

The war for talents is raging everywhere. It becomes very obvious nowadays, that talent management has to be a priority for the industry as well as for the academic world. Therefore, World Tourism Forum Lucerne has been focusing on talents as one of its five strategic pillars since its first edition in 2009. The forum’s goal is to recruit the most potential young talents of the partner universities and to link them with the top managers of the forum by inviting them to Lucerne.
According to a study of PwC with over 1’000 CEOs, two-thirds of them believe they are facing a limited supply of potential talents. As a result, talent recruiting and talent retention are at the top of the agenda for global CEOs. Another study with CEOs, conducted by Korn/Ferry international in 2011, comes to similar conclusions. The tourism, leisure and hospitality industry faces significant talent challenges. Many leadership teams have a lack of diversity and only few have experiences in different industries. The senior executives of the tourism, leisure and hospitality industry are in danger of becoming homogenous if they don’t perform in attracting talents from other industries by offering them what they really desire. These desires, expectations and wishes of future talents were analysed in a third study of PwC and the World Tourism Forum Lucerne conducted with over 800 tourism and hospitality students of the Forum’s partner universities in 2010. It became obvious that a healthy work-life-balance, variety in daily work and career options are the most important expectations of the future’s top management. 

http://www.wtflucerne.org/media-2013/

www.pwc.ch/ceosurvey

http://www.kempinski.com/en/Press%20Room/Pages/KempinskiCareerDay2012.aspx

Christine Herzer, Talent Management Director, World Tourism Forum Lucerne