A downturn can give smart companies a chance to upgrade their talent - The McKinsey Quarterly - Upgrading talent - Organization - Talent

Upgrading talent - The McKinsey Quarterly - Upgrading talent - Organization - Talent

Upgrading talent
A downturn can give smart companies a chance to upgrade their talent.

DECEMBER 2008 • Matthew Guthridge, John R. McPherson, and William J. Wolf
Source: Organization Practice


Downturns place companies’ talent strategies at risk. As deteriorating performance forces increasingly aggressive head count reductions, it’s easy to lose valuable contributors inadvertently, damage morale or the company’s external reputation among potential employees, or drop the ball on important training and staff-development programs. But there is a better way. By emphasizing talent in cost-cutting efforts, employers can intelligently strengthen the value proposition they offer current and potential employees and position themselves strongly for growth when economic conditions improve.

Read full article: http://www.mckinseyquarterly.com/Upgrading_talent_2260
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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.