Welcome to our May Edition of our Human Capital Development Newsletter for 2002
This Month I want to share three critical issues with readers:1.The War for Talent isn’t over, it has only just begun2.Retention remains one of the biggest challenges an organisation faces3.Employees are re-evaluating their psychological contract with you in the light of recent experience
In any market the ‘must have’ staff remain mobile, flexible and easily lost. Attracting and retaining top talent in thisbracket is really about engagement and enabling specific work experiences. Relationships can be critical as canbe giving recognition. In some cases fast track programs and promotion opportunities can be important to thesestaff. In other cases it can simply be money they are looking for. Flexibility and customisation are keys to attractingand retaining this talent. HR must become a strategic adviser and support to the Line to meet this challenge.The bulk of staff fall into two other categories: ‘nice to have but replaceable’, where the bulk of staff are; or ‘can dowithout them’ where those you would like to replace, remain. Both of these groups carry a significant investmentcost, and getting the best out of these staff is an ongoing challenge to management.This issue reviews some ways for Human Resources to achieve these goals and assist their company to remaincompetitive.
John M. Read
To find out more about TMP’sTalent Development Solutions,please call John Read at Tel: 6430 5324