A recent Towers Perrin best practice study of 22 best workplace companies in 11 industries has found that leading organizations have the following behaviors in common: Have a clear talent management strategy and build talent management as an essential capability within the organization. Use technology to streamline processes and information sharing so that they can focus efforts on the more critical "high touch" or one-on-one, aspects of recruiting, helping new hires become acclimated to company culture and assimilation. Engage employees in the business and create a clear line of sight between what employees do every day and how the company performs. Focus employees' energies on results by basing certain key elements of pay on business performance and by clearly differentiating rewards for individual performance. Provide flexible reward programs that can be customized to meet varying employee needs and support work/life balance. Ensure the success of their talent management strategy by developing the capabilities of their managers.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.