Like many other organizations, is yours struggling to attract and retain the best of talent? Read what Dr. Douglas A. Ready and Dr Jay A. Conger have to offer in their Wall Street Journal article on the Global Talent Gap.
After researching more than 40 companies, they found 5 common problems faced in recruitment and talent development. These were:
- Emergent Markets
- Narrow Thinking
- Demographics & Economics
- Expectations Gap
- Blind Spots
These problems are described and solutions offered by Dr. Ready and Dr. Conger who are visiting professors of Organizational Behavior at the London Business School.
According to the authors, to meet the challenge, companies must rethink how they hire, train and reward their employees. They must place these tasks at the heart of their business plans. In doing so, they have an opportunity to address all these separate problems with a unified plan, rather than waste time and resources attacking each of the issues individually.
Dr. Ready is the President of the International Consortium for Executive Development Research in Lexington, Mass. Dr. Conger is the Henry R. Kravis Research Chair in Leadership Studies at Claremont McKenna College in Claremont, Calif.,