In reaction to the dramatic changes the millennial culture is bringing to the workplace and the coincidence of dramatic business disruptions that are driving the need for more innovative employees, human resource departments are changing their existing approaches to talent acquisition and retention based on the new strategic realities. These new realities were revealed by researchers contracted by PricewaterhouseCoopers, LLP to identify the reasons their younger (under the age of 30) employees globally were resigning from high-paying professional positions before completing two years of employment. These positions in the past were held by the same employees for 40-plus years. In addition, the recent competition for the best talent worldwide has favored the new global technology companies. These “Google-like” organizations treat their employees as important as their customers. Their new talent strategies are attracting and retaining the best innovators. This white paper will introduce several new approaches firms may employ to compete for the best talent in a changing world of work. The recommendation is that human resource practitioners begin training for their many new career opportunities.

Resource Type

Research, SIOP-SHRM White Papers

Topic

Allied Organizations, Human Resources, SHRM (Society for Human Resource Management), Talent Assessment, Talent Attraction, Talent Retention