Talent on Demand
Managing Talent in an Age of Uncertainty
Harvard Business Press, 2008
Category:
Human Resources
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(4)In this summary you will learn
- Why companies are struggling to manage talent and to predict their future personnel needs
- How to build and sustain your company’s leadership base
- How to structure your talent management program using four fundamental principles
Why you should read Talent on Demand
Talent management, like every other aspect of business, has changed so dramatically that decision makers aren’t sure where to turn. For years, corporations used “traditional succession plans” to ensure smooth leadership transitions. Those plans are no longer effective. Hiring from the outside, a trend that once rapidly gained popularity, did not turn out to be a panacea. Author Peter Cappelli believes companies cannot eliminate unpredictability – they can only contain it. He finds that supply chain management approaches can cut the expense and boost the effectiveness of talent management. The keys to managing talent, he says, are reducing your exposure to risk and being responsive to your employees. You may not find a complete solution to your future leadership issues here, but getAbstract believes Cappelli’s approach is a significant step forward.
About the author
Peter Cappelli, a former Fulbright Scholar, directs the Wharton School’s Center for Human Resources and is a research associate at the National Bureau of Economic Research.
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