Talent on Demand: Managing Talent in an Age of Uncertainty
Executives everywhere acknowledge that finding, retaining, and growing talent counts among their toughest business challenges. Yet to address this concern, many are turning to talent management practices that no longer work?because the environment they were tailored to no longer exists. \ \ In today's uncertain world, managers can't forecast their business needs accurately, never mind their talent needs. An open labor market means inevitable leaks in your talent pipeline. And intensifying...
Search in google:
Executives everywhere acknowledge that finding, retaining, and growing talent counts among their toughest business challenges. Yet to address this concern, many are turning to talent management practices that no longer work?because the environment they were tailored to no longer exists. In today's uncertain world, managers can't forecast their business needs accurately, never mind their talent needs. An open labor market means inevitable leaks in your talent pipeline. And intensifying competition demands a maniacal focus on costs. Traditional investments in talent management wind up being hugely expensive, especially when employees you've carefully cultivated leave your firm for a rival.In Talent on Demand, Peter Cappelli examines the talent management problem through a radical new lens. Drawing from state-of-the-art supply chain management and numerous company examples, he presents four new principles for ensuring that your organization has the skills it needs--when it needs them. In this book, you'll discover how to: Balance developing talent in-house with buying it on the open market Improve the accuracy of your talent-need forecasts Maximize returns on your talent investments Replicate external job market dynamics by creating an in-house market that links available talent to jobsPractical and provocative, Talent on Demand gives you the ideas and tools you'll need to match the supply of talent to your demand for it--today and tomorrow. Knowledge at Wharton Managing supply chains is about managing uncertainty and variability. This same uncertainty exists inside companies with regard to talent development.
The Talent Management Problem 1Why Traditional Talent Management No Longer WorksThe Rise of Talent Management 27The End of an Era 57A New Model of Talent Management The Four Principles for Matching Talent Supply and DemandThe Make-Versus-Buy Decision 105The Problem of Uncertainty in Talent Demand 131The Return on Talent Management Investments 165Managing an Internal Market to Match Talent to Jobs 205Promises and Challenges of the Talent on Demand Model 229Notes 241Acknowledgments 259Index 261About the Author 281
\ Knowledge at WhartonManaging supply chains is about managing uncertainty and variability. This same uncertainty exists inside companies with regard to talent development.\ \
