Play It Again Sam – Looking Through HR’s Crystal Ball – Prediction Six of Nine – Talent Mobility and Career Management Strategies
In the January/February issue of HR Magazine, Josh Bersin with Deloitte, makes nine predictions of “what’s in store for HR in 2015.” This is part six of a series of nine articles looking at each of these predictions.
While an old classic, this melody has a different tempo than in times past. Managing talent may have been a distant hum in the past as the workforce played a different theme. The theme used to be that workers got a job and stayed put until retirement. However, that theme is reaching a crescendo because the workforce is anything but stable today. The workforce today is much more mobile according to Bersin. We’ve all seen this to be true as both employee and company loyalties have become a requiem. In addition, the younger generation doesn’t seem to crave that gold watch.
On a different note, Bersin suggest that the reason talent management has become so important today is that “…it’s good business. High performing companies around the world have highly tenured people.” This means they have a lot of knowledge about the company, they are skilled, and they have built up productive relationships during their tenure. This is money in the bank. This is true for two reasons. Hiring new people is expensive and it may take years for them to reach the productivity level of a tenured employee. However, there is a word of caution due here.