Attracting the Right Workers

This text highlights the need to attract and retain the ablest employees. Managing talent includes planning for succession as people are either promoted or otherwise leave the position. The process starts with attracting the right workers for the organization and then keeping star employees. Managing talent well means helping them to grow, develop and stretch.

The War for Talent

Key Takeaway

The coming shortage of workers makes it imperative for managers to find, hire, retain, and develop their employees. Managers first need to define the skills that the company will need for the future. Then, they can "make or buy" - that is, train or hire - employees with the needed skills. Retaining these employees requires engaging them on the job. Good talent management practices translate to improved financial performance for the company as a whole.