News By Tag
News By Place
Follow on Google News
Affordable alternatives to costly talent wars outlined at world congress
Investigation findings suggest cheaper, quicker and less disruptive route to high performance
By: Adaptation Ltd
The findings of Coulson-Thomas' Winning Companies; Winning People investigation reveals that a quicker and more focused approach such as changing the support provided to key workgroups can yield multiple benefits and deliver large returns on investment. Continually updated support can ensure people stay current and remain vital as situations, circumstances, requirements and technologies change.
Delivering an opening keynote on skill development and human capacity building to meet future challenges Coulson-Thomas warned that companies should avoid bidding wars for scarce skills in demand. His report Talent Management 2 shows how to succeed without recruiting expensive stars. His investigation finds: "Keeping existing staff current can be less risky than importing expensive prima donnas and trying to recruit and develop high fliers for an unknown future. People should be helped to excel at key activities, remain current, and handle challenges as, when and wherever they arise."
Coulson-Thomas continued: "Talent wars to attract 'the best people' can push up costs and distract. It may be cheaper to work with the people one has and put the right support environment in place to enable them to succeed. Performance support can achieve a high performance organisation and multiple objectives with the people one has and an existing corporate culture." His evidence based report Talent Management 2 reveals that performance support is a focused, relatively quick and cost-effective way of securing large returns on investment, engaging people and meeting talent-on-demand requirements. It can be individualised and easily updated.
Coulson-Thomas concluded: "To quickly scale up, we need to look beyond high fliers and work with our existing people and update them with what they require, as and when they need it, 24/7, wherever they might be, including on the move."
Prof. (Dr) Colin Coulson-Thomas, chairman of Adaptation and leader of the winning companies; winning people investigation, has helped directors in over 40 countries to improve director, board and corporate performance. Details of his report Talent Management 2 and other recent publications on performance support, critical success factors for key corporate activities and quicker, more affordable and less disruptive ways of increasing performance can be found on: https://www.adaptation.ltd/
Adaptation / Colin Coulson-Thomas