People Issues in Talent Management

I had discussed Talent Management and the approach or lack of it in my previous post(s). The issue remains in focus and recently a McKinsey study again goes onto prove that Talent Management if it exists is seldom understood by the top management or the leaders. So practicing and implementing it is a bigger challenge.
This study further goes onto state the following
1. 54 % feel Senior Managers dont spend quality time on Talent initiatives.
2. 52 % respondents feel Line Manager are not sufficiently committed to People development.
3. 51% respondents feel that organization is sliced and does not encourage meaningful collaboration.

These indicate that barriers to talent management are all people barriers. Its a mindset which prevents organizations to do something meaningful with their talent despite so much investment in this area.
Talent Management is a philosophy which stands to win if and only if it is backed by the C level. But its more than easy, with the pressures on day to day business, this is an area easily forgetten. Anyways people are not indespensible its said, right ? Perhaps wrong, today with the right balance on supply demand, organizations can afford to go light on such issues.
However, studies already point to the growing gap and when there is acute shortage of right type of skills , organizations would be forced to value talent more. Just wonder however if it would have been too late by then.
Time would definitely tell.