Knocking Down Barriers to Talent
The Feb 2008 McKinsey Quarterly offers an article I find interesting. (OK, "interesting" means it makes me want to say something, usually something slightly contrary.) It's Making Talent Strategy a Priority.
Writers Guthridge, Lawson and Komm (all McKinsey folks), make good and thorough points about the several difficulties that create the challenge of finding, motivating, and retaining capable workers for companies.
Certainly, knowing the obstacles is prerequisite to getting over, under, around or through them efficiently. So it's good the McKinsey article mentions quite a few causes of the difficulties of finding and competing for the talented workers more and more in demand:
- There is an outflux of Boomers from employment in the United States.
- There is a limited influx of young people seeking employment in Western Europe.
- Finding talent is difficult...and anticipated to remain so into the future.
- Competing for talent is more difficult...ditto for the future.
- Employees in the Gen Y demographic are perceived as more difficult to work with.
- HR departments have declining impact and are able to attract fewer talented people for HR.
I am most interested (and a little dismayed) that of the three ways the authors have "extended [their] War for Talent thinking," employee engagement culture is not included. Guthridge, Lawson and Komm suggest these to offset the above difficulties:
- Target talent at all levels, rather than just seeking the highly competent few at the "top management" level.
- Develop a number of value propositions. I/O/W, provide a variety of "reasons to work for our company" to fit the variety of demographic, experienced, and educated candidates available.
- Bolster the Human Resources individuals and teams in terms of focus, awareness and knowledge concerning the company's needs and business.
No mention of employee engagement, much less a culture of employee engagement. I believe leaders/managers who devote time and energy to building that culture will share their companies' victories in the "war for talent." (I'm thinking ultimately it will not even be a "war.") Here are three reasons that going to the CORE of Engagement will make a difference:
- Engagement is adhesive. Evidence says people stick with work, people, and companies when and where they are engaged. Managers and supervisors can build a culture based on communication, opportunities, resources, and encouragement (CORE). Such a culture stimulates engagement and increases recruitment and retention of talented personnel.
- Work is not the only engagement target. An employee does not engage only with her work, her job function. Community, industrial and professional networks, and career focus can attract the employee's interest and, ultimately, provide fields for engagement.
- Ownership is engaging. A learning system can be part of an engaged culture's bank of resources and opportunities. This provides ownership by allowing individuals to be active, to do what will build their capabilities, and to have the engagement that inspires them and satisfies their organization.
OK, although I did take issue with what was not included in the McKinsey piece, I do recommend bookmarking (even signing in for) The McKinsey Quarterly. It provides plenty of useful information.
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