McKinsey & Co. surveyed 6,900 senior executives and young managers from 56 companies to figure out the secret to winning the battle for great people. Here is an excerpt from the report on the seven "talent imperatives" that are essential for winning the war for talent. The seven:
1. Instill a talent mindset at all levels of the organization -- beginning with senior management.
2. Create "extreme" employee value propositions ( EVPs ) that deliver on your people's dreams.
3. Build a high-performance culture that combines a strong performance ethic with an open and trusting environment.
4. Recruit great talent continuously.
5. Develop people to their full potential.
6. Make room for talent to grow.
7. Focus on retaining high performers.
See Related:
- The War for Talent, Part Two
This article updates McKinsey's influential 1997 survey on the war for talent in which researchers surveyed 6,900 managers (including 4,500 senior managers and corporate officers) at 56 large and midsize US companies. The update found that 89 percent of t
Subject(s): Organizational Behavior, Human Resources
Source(s): Fast Company
Author(s): McKinsey
Posted: 2000-12-26
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