-: Future built companies have a competitive advantage--
and it's their people.
These companies continually attract, retain,
and develop the very best talent,
with 60% of departing employees
citing the lack of career advancement
as a primary cause of attrition.
Cultivating your talent has never been more important.
(upbeat music)
You can grow your people advantage in three ways.
First, make yourself a talent magnet.
While it's critical to manage costs,
attracting and retaining the right talent is essential.
Redeploy cost-cutting proceeds and invest back
into your organization by building employee capabilities,
adopting a compelling employee value proposition,
and hiring the right external talent.
Second, focus on skills and capabilities, not just roles.
What skills do existing employees have?
What about untapped skills?
Is there an opportunity to upskill
to reshape your existing capabilities?
And what do you need to do to be competitive?
With GenAI, it's no longer about roles.
GenAI will transform what jobs are done
across the workforce, and evolve the skills
needed to do them.
And finally, third, pursue a broad range
of recruiting channels.
Successful companies go beyond traditional channels,
using different talent models
to find the very best workforce possible.
That includes looking at the gig market,
bringing back alums, and much more.
So to build for the future,
you have to innovate the way you attract, develop,
and retain your workforce.
(upbeat music)