Developing and Retaining Talent Shouldn’t be An Option But a Must
How does a company expect to continually innovate and evolve in our ever changing and demanding global environment? The answer is simple yet, routinely overlooked by corporations and small businesses alike – become a people focused organization.
We understand that developing a talent pool is an ongoing challenge for all companies as they strive to remain ahead of the competition. There are several different development strategies, but a company that wishes to remain a significant player needs to incorporate a number of them to grow its talent. Retention affects the bottom line not only by reducing costs, but also by building a productive and profitable workforce. Companies often invest hundreds of thousands of dollars in recruiting talent but then stop there, missing the opportunity to get the best ROI from their employees. Organizations that fail to retain their top talent are at the risk of losing their market position and competitive edge.
Millennials, those born between 1980 and the early 2000s are vastly different from past groups. They n0w dominate the workforce and are the hardest generation for employers to hold.