Today's Top 10 Talent-Management Challenges
Today's Top 10 Talent-Management Challenges
Tammy Erickson on the dilemmas and problems managers and companies must contend with
by Tammy Erickson
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Posted on Across the Ages: June 19, 2008 11:12 PM
I had the pleasure last week of moderating a panel of senior talent development officers representing three very different industries and diverse geographies: Deb Wheelock of Mercer (a high-end professional services firm, recruiting highly educated knowledge workers), Pamela Stroko of The Gap (a retailer faced with the classic industry challenges of creating a differentiating employee proposition and enhancing retention of its large workforce), and Sujaya Banerjee of the Essar Group (a diversified India-based enterprise participating in a variety of industrial sectors, including steel, energy, and communications).
Interestingly, even with this diversity of perspectives, we found our views on today's top talent challenges to be surprisingly aligned. I thought you might like to see our list—and would love to hear your thoughts on things you're wrestling with that we missed.
Here goes:
1. Attracting and retaining enough employees at all levels to meet the needs of organic and inorganic growth. All three companies are facing a talent crunch. Essar, for example, has grown from 20 thousand employees to a staggering 60 thousand in the past 3 years. Fifty-five percent of their employees have less than two years of tenure.
2. Creating a value proposition that appeals to multiple generations. With four generations in today's workplace, most
Tammy Erickson on the dilemmas and problems managers and companies must contend with
by Tammy Erickson
Related Items
• Visit HarvardBusiness.org • Subscribe to Harvard Business Review • Visit Harvard Business Review Online • Visit Leadership & Managing People Resource Center • Visit Harvard Business Review Answers
Story Tools
• post a comment • e-mail this story • print this story • order a reprint • digg this • save to del.icio.us
[pic][pic][pic][pic][pic]
[pic]
Posted on Across the Ages: June 19, 2008 11:12 PM
I had the pleasure last week of moderating a panel of senior talent development officers representing three very different industries and diverse geographies: Deb Wheelock of Mercer (a high-end professional services firm, recruiting highly educated knowledge workers), Pamela Stroko of The Gap (a retailer faced with the classic industry challenges of creating a differentiating employee proposition and enhancing retention of its large workforce), and Sujaya Banerjee of the Essar Group (a diversified India-based enterprise participating in a variety of industrial sectors, including steel, energy, and communications).
Interestingly, even with this diversity of perspectives, we found our views on today's top talent challenges to be surprisingly aligned. I thought you might like to see our list—and would love to hear your thoughts on things you're wrestling with that we missed.
Here goes:
1. Attracting and retaining enough employees at all levels to meet the needs of organic and inorganic growth. All three companies are facing a talent crunch. Essar, for example, has grown from 20 thousand employees to a staggering 60 thousand in the past 3 years. Fifty-five percent of their employees have less than two years of tenure.
2. Creating a value proposition that appeals to multiple generations. With four generations in today's workplace, most