Retention of your critical talent is one of the top talent management concern in today's global economy. The true ROI of top talent isn't realized if that talent leaves. Add the significant cost of replacing talent to the loss of skills and institutional knowledge when top performers leave, and the importance of retention becomes even more manifest. These factors, coupled with the rapidly changing demographics of today's workforce as the Baby Boomer generation begins to leave in significant numbers and the Millennial generation makes its presence increasingly felt, demand that savvy leaders understand the dynamics of retaining talent and know how to manage talent with retention as a goal.
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Find out how one organization is going the distance in ensuring that leadership is an attribute that is clearly defined at the top and broadly disseminated throughout the whole workforce.
To kick off 2015, the Human Capital Institute is featuring original content on talent mobility, and to re-familiarize myself with the topic I spent some time skimming through a colleague’s notes concerning contemporary research. Somewhere between a study citing only 36% of businesses have access to reliable data on top performers that were not included in succession plans and a blog post about how U.S. based companies are taking 25% more time to make a hire, I stumbled on a somewhat eye-popping statistic.
In recent discussions with classes of undergrad business school students, I posed the question, “How many of you aspire to a professional leadership role in business, government, or other organization?” In each case, 100% of the students answered in the affirmative. I didn’t say so at the time, but two divergent thoughts were crossing my mind, pretty much simultaneously:
The hardest part of changing a company’s direction is changing the attitudes and behaviors of its people. In this HCI Keynote video, Leslie Coyne, Director of GE’s Corporate Leadership Staff, discusses how this legendary academy ...Read more
Over the last 2 years, Citi Latin America has embarked on a transformational effort to turn Talent Management “upside down.” The key focus of this journey was to maintain high levels of engagement, attract top talent, and place the ...Read more
Do your leaders feel pulled in too many directions? Do they struggle to stay ahead of global change? As an HR or learning officer, do you ever feel the same? Thanks to a new study by the Center for Creative Leadership (CCL), we now understand new ...Read more
By 2020, the global workforce will be comprised of five different generations. This new world of work will present leaders with both benefits and challenges. To succeed, leaders must understand generational differences and their employees’ ...Read more
Change has become one of the few constants for global organizations. As leaders adapt their strategies to address changing market conditions, so too must HR functions adapt their strategies and operations to support the business with an engaged, ...Read more
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