Human resources executives at financial services firms will focus on identifying and developing talented employees over the next year, according to a new survey by Towers Watson.
The survey also found that HR leaders will emphasize manager effectiveness and performance management programs.
Towers Watson conducted the poll of 60 senior HR professionals at leading financial services companies during a May 7 conference in New York.
According to the poll, 44% of respondents said identifying and developing talent was the primary focus of their organization’s HR division over the next 12 months.
Twenty-five percent said they would focus on updating their HR technology over the next year.
About 10% said their primary focus would be on compensation and benefits, work force planning or employee engagement initiatives.
“Given the dramatic changes that the financial services industry is undergoing from both a regulatory and business perspective, it’s no surprise that HR leaders will be focused on talent management,” Ravin Jesuthasan, global leader of talent management at Towers Watson, said in a statement.