Making talent a strategic priority

http://www.mckinseyquarterly.com/Making_talent_a_strategic_priority_2092 >

The McKinsey Quarterly >

Making talent a strategic priority >

The War for Talent never ended. Executives must constantly rethink the way their companies plan to attract, motivate, and retain employees. >

JANUARY 2008 • Matthew Guthridge, Asmus B. Komm, and Emily Lawson >

Companies like to promote the idea that employees are their biggest source of competitive advantage. Yet the astonishing reality is that most of them are as unprepared for the challenge of finding, motivating, and retaining capable workers as they were a decade ago. >

Ten years after McKinsey conducted its War for Talent research,1 the 1997 study drawing attention to an imminent shortage of executives, the problem remains acute—and if anything has become worse. Companies face a demographic landscape dominated by the looming retirement of baby boomers in the developed world and by a dearth of young people entering the workforce in Western Europe. Meanwhile, question marks remain over the appropriateness of the talent in many emerging markets. >

Read Full Article: http://www.mckinseyquarterly.com/Making_talent_a_strategic_priority_2092

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.