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Tomorrow's Talent Networks - The Big Shift - HarvardBusiness.org
It might seem a peculiar time to talk about talent. Aren't most people these days happy just to have their jobs? Aren't employers more concerned about outplacement than recruiting? And what company has the budget to fund expensive training programs?
Even these questions indicate a dated view of where talent is and how to get the most out of it. Sure, no one disputes the importance of talent, even in a recession. But, as a Deloitte report contends (.pdf link), companies spend entirely too much time focused on attracting and retaining talent. Moreover, as they do, they often lose sight of what appeals to and keeps hold of talent in the first place. (See John's perspectives on the report and on the mindsets that limit firms.)
Compensation and benefit packages are surely important. But the opportunity for professional development consistently outranks money in surveys of employee satisfaction. Only by helping employees build their skills and capabilities can companies hope to attract and retain them. Talented workers join companies and stay there because they believe they'll learn faster and better than they would at other employers.
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