“ The power of a company to attract good people is directly proportionate to its reputation as a developer of successful people for itself as well as for other companies.”- Peter Drucker
McKinsey & Company’s War for Talent survey found that at most companies, talent is not a priority! Disturbing as this is, effective talent management begins with adopting a different mindset. Every leader has to be committed to getting better talent – HR alone cannot do the job.
The War for Talent survey conducted by McKinsey & Company of 13,000 managers and several hundred corporations identified five imperatives for ‘winning the war for talent’:
1. Embrace a talent mindset
2. Craft a winning employee value proposition
3. Rebuild your recruiting strategy
4. Weave development into your organization
5. Differentiate and affirm your people
Talent is the most important strategic resource for future success. According to Robert Hargrove, co-CEO of Masterful Coaching, leaders must place an emphasis on coaching and mentoring over managing the details. Put another way, an organizations humans beings are its most reliable resource for generating excellent results year after year.
The survey also found that a Winning Employee Value Proposition – a reason why customers should do business with you – is equally important to people management. The key is not what core values and organization has, but that it has core values at all. A core ideology provides the glue that holds the organization together through time.