Plugging the Leaks

droppedimage-11It’s the return of the crisis in recruitment and retention.

Down came the rains recently and literally washed my office out. While I was moving furniture and pulling up bad carpet, I used the opportunity to purge years of magazines and conference proceedings. In the process, I was given a damp reminder that what’s old soon becomes new again.

15 or 20 years ago, the conferences focused heavily on recruitment and retention. Special sessions were devoted to behavioral interviewing and aligning recruiting and staffing with the strategic corporate agenda. Interestingly, today the same topics seem to be of top concern again. What goes around comes around.

As I contemplated my water problem and wondered why I hadn’t done anything to prevent it, I also wondered why organizations are still grappling with recruitment and retention a couple decades later.

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The War For Talent – Is It Time To Retrench or Rev Up?

droppedimageFor many companies, it’s time to retrench, cut back, slim down and duck for cover until the storm blows over and it’s safe to start thinking about hiring again.

But those are the companies that are going to be in real trouble in the future. Because when the tide turns, those organizations that haven’t focused on retaining their best talent are going to be stuck on the rocks. Meanwhile, the smart company that thought long-term about future leadership needs will be in full sail, putting distance between itself and the rest of the pack.

Think about it this way. Jack Welch, CEO of GE, said, you don’t go looking for bargains when the market is at its peak. You make your best strategic acquisitions when times are tough because prices are low and everyone else is too scared to be bold.

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