Senior executives who are effective at talent management generate up to 7% more revenue than their less dedicated peers. Unfortunately, more than 80% of executives are either uncommitted to talent management, ineffective at it, or worse—both.
Talent management, though, is not a matter of skill (most executives have the business skills necessary) or time (effective executives and ineffective executives spend roughly the same amount of time on talent management): the issue is focus. Executives should approach talent management strategically—managing key talent like a corporate asset that is developed and deployed in support of business objectives.
Becoming a Talent Champion outlines five key activities executives should focus on in place of day-to-day staff management, including building the high potential bench, holding the senior team accountable for talent outcomes, and owning the organization’s talent strategy. To learn more, download a complimentary copy of this new publication or order the eBook.
CCC Members, check out our best talent management tools and insights in our Talent Management Topic Center, including: