After engagement, retention is 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 Millenial generation makes its presence increasingly felt, demands that savvy leaders understand the dynamics of retaining talent and know how to manage talent with retention as a goal.
With apologies to William Shakespeare, that truly is THE question. In the realm of leadership, the single most important question to be asked by and answered for potential followers is “what’s in it for me.” To many, this is a selfish perspective and one to be avoided or at least heavily masked. But is such a perspective really selfish?Read more
In just under two months, we’ll ditch this winter snow and bask in the warm sunshine of Orlando, FL for HCI’s annual Human Capital Summit. By now you’ve probably heard about the Summit theme: Building Successful and Adaptive Talent Management in a VUCA Environment (VUCA – describes an environment characterized by: Volatility, Uncertainty, Complexity, and Ambiguity); and you’ve also started monitoring the list of rock-star keynotes as it continues to grow each week. You may have even read our lastest Summit Spotlight where we covered best-selling author and predictive statistician Nate Silver; this week I’d like to tell you about Liz Wiseman, author of the runaway bestseller, Multipliers: How the Best Leaders Make Everyone Smarter. Liz knows a few things about leadership in a volatile environment…perhaps most importantly that when talent is required to be lean and agile – the ability to inspire, motivate and drive the workforce towards increased production and innovation is critical for success.Read more