While one of the best ways to attain a competitive advantage is to adopt a talent management philosophy for long-term, sustainable growth, currently only a third of employers have a workforce planning strategy. According to CareerBuilder’s 2012 Talent Crunch Study, large businesses are more likely than small businesses to have a workforce planning strategy, and of those who do have one, 47 percent plan on a short-term basis – typically only one to three months out — and only 24 percent actually plan more than six months out.
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