WEBVTT

1
00:00:00.000 --> 00:00:03.210
<v ->Future built companies have a competitive advantage--</v>

2
00:00:03.210 --> 00:00:05.100
and it's their people.

3
00:00:05.100 --> 00:00:08.190
These companies continually attract, retain,

4
00:00:08.190 --> 00:00:11.430
and develop the very best talent,

5
00:00:11.430 --> 00:00:13.740
with 60% of departing employees

6
00:00:13.740 --> 00:00:16.170
citing the lack of career advancement

7
00:00:16.170 --> 00:00:18.420
as a primary cause of attrition.

8
00:00:18.420 --> 00:00:22.285
Cultivating your talent has never been more important.

9
00:00:22.285 --> 00:00:25.680
(upbeat music)

10
00:00:25.680 --> 00:00:29.460
You can grow your people advantage in three ways.

11
00:00:29.460 --> 00:00:32.850
First, make yourself a talent magnet.

12
00:00:32.850 --> 00:00:35.010
While it's critical to manage costs,

13
00:00:35.010 --> 00:00:38.580
attracting and retaining the right talent is essential.

14
00:00:38.580 --> 00:00:41.820
Redeploy cost-cutting proceeds and invest back

15
00:00:41.820 --> 00:00:45.540
into your organization by building employee capabilities,

16
00:00:45.540 --> 00:00:49.020
adopting a compelling employee value proposition,

17
00:00:49.020 --> 00:00:51.600
and hiring the right external talent.

18
00:00:51.600 --> 00:00:56.600
Second, focus on skills and capabilities, not just roles.

19
00:00:56.700 --> 00:00:59.400
What skills do existing employees have?

20
00:00:59.400 --> 00:01:01.140
What about untapped skills?

21
00:01:01.140 --> 00:01:03.120
Is there an opportunity to upskill

22
00:01:03.120 --> 00:01:05.790
to reshape your existing capabilities?

23
00:01:05.790 --> 00:01:08.370
And what do you need to do to be competitive?

24
00:01:08.370 --> 00:01:11.640
With GenAI, it's no longer about roles.

25
00:01:11.640 --> 00:01:14.520
GenAI will transform what jobs are done

26
00:01:14.520 --> 00:01:17.130
across the workforce, and evolve the skills

27
00:01:17.130 --> 00:01:18.540
needed to do them.

28
00:01:18.540 --> 00:01:21.420
And finally, third, pursue a broad range

29
00:01:21.420 --> 00:01:22.830
of recruiting channels.

30
00:01:22.830 --> 00:01:25.710
Successful companies go beyond traditional channels,

31
00:01:25.710 --> 00:01:27.330
using different talent models

32
00:01:27.330 --> 00:01:29.880
to find the very best workforce possible.

33
00:01:29.880 --> 00:01:32.160
That includes looking at the gig market,

34
00:01:32.160 --> 00:01:34.740
bringing back alums, and much more.

35
00:01:34.740 --> 00:01:36.090
So to build for the future,

36
00:01:36.090 --> 00:01:38.749
you have to innovate the way you attract, develop,

37
00:01:38.749 --> 00:01:40.627
and retain your workforce.

38
00:01:40.627 --> 00:01:43.210
(upbeat music)