Talent on Demand: Managing Talent in an Age of Uncertainty

Talent on Demand: Managing Talent in an Age of Uncertainty

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by Peter Cappelli
     
 

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Executives everywhere acknowledge that finding, retaining, and growing talent counts among their toughest business challenges. Yet to address this concern, many are turning to talent management practices that no longer work--because the environment they were tailored to no longer exists.

In today's uncertain world, managers can't forecast their business needs

Overview

Executives everywhere acknowledge that finding, retaining, and growing talent counts among their toughest business challenges. Yet to address this concern, many are turning to talent management practices that no longer work--because the environment they were tailored to no longer exists.

In today's uncertain world, managers can't forecast their business needs accurately, never mind their talent needs. An open labor market means inevitable leaks in your talent pipeline. And intensifying competition demands a maniacal focus on costs. Traditional investments in talent management wind up being hugely expensive, especially when employees you've carefully cultivated leave your firm for a rival.

In Talent on Demand, Peter Cappelli examines the talent management problem through a radical new lens. Drawing from state-of-the-art supply chain management and numerous company examples, he presents four new principles for ensuring that your organization has the skills it needs--when it needs them. In this book, you'll discover how to:
· Balance developing talent in-house with buying it on the open market
· Improve the accuracy of your talent-need forecasts
· Maximize returns on your talent investments
· Replicate external job market dynamics by creating an in-house market that links available talent to jobs

Practical and provocative, Talent on Demand gives you the ideas and tools you'll need to match the supply of talent to your demand for it--today and tomorrow.

Editorial Reviews

Knowledge at Wharton
Managing supply chains is about managing uncertainty and variability. This same uncertainty exists inside companies with regard to talent development.

Product Details

ISBN-13:
9781422163504
Publisher:
Harvard Business Review Press
Publication date:
03/03/2009
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
280
File size:
657 KB

Meet the Author

Peter Cappelli is a professor of management at the Wharton School, Director of Wharton's Center for Human Resources, and a research associate at the National Bureau of Economic Research in Cambridge, MA.

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5 out of 5 based on 0 ratings. 1 reviews.
RolfDobelli More than 1 year ago
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.