Today businesses are always seeking a competitive advantage to progress and adjust to the rapidly changing times. While this can
be helpful in the short run, this can lead executives to cut corners in areas that are vital for their growth, thus compromising their road to excellence. For example, in recent years many businesses have cut recruiting budgets or employee training programs because of the associated cost, thus inhibiting employee development.
Cutting corners related to employee development will ultimately lead businesses to lose what Ed Michael and company describe in their book, “The War for Talent.” The war for talent is described as an important area of businesses development regarding employee recruiting, selection, and employee retention. The authors of “The War for Talent” herald the competitive nature of recruiting, selection, and employee retention as the most important facet for business development and progression. Their book supports this belief with various testimonies from business leaders and analysts who stress the importance of building a talented team of employees.
John Chamber’s, Cisco’s CEO, startling testimony that “a world-class engineer with 5 peers can out produce 200 regular engineers” provides a specific example of the importance for having extremely qualified employees. Building a company strategy centered upon attracting, developing, and retaining top talented employees should be a major imperative for numerous companies, but frequently businesses struggle in creating and enacting a plan that accomplishes this. Thankfully in “The War for Talent” our authors provide 5 steps to be victorious. Continue reading