We’re at the crux of the greatest talent “famine” in history, as recruiters struggle to find relevant candidates and employers fail to retain talented workers. Beyond the recruiting process, HR teams are struggling to retain employees too. More than half of businesses around the world admit they have trouble retaining their most talented employees.
Organizations everywhere are gearing up for their yearly performance reviews. Managers are filling out paperwork and straining their memories back across an entire year to recall employees’ major successes and failures, and employees are bracing themselves for bad news or daring to hope for an above-average salary increase. Either way, the traditional performance review is past its “sell-by” date.
The modern workplace is one that has turned traditional ideas about how work happens, how to manage talent and what drives business success upside down. To start with, an expanding global marketplace has made it nearly impossible ...Read more