Summary of "War for Talent"
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This text is an abridged version of the book "War for Talent".Talented employees determine 90% of a company's success - this is the unequivocal conclusion of the McKinsey Company research group, which studied over 100 of the largest American corporations for 10 years. The most successful and productive companies rely on the personnel issue - and win. McKinsey experts argue that in today's fiercest competitive environment, only those companies that enter into a "war for talent" will win - they will be able to evaluate, hire and retain the most talented people.The term "war for talent" has firmly entered into the business lexicon by Ed Michaels, head of the McKinsey research group, in 2001. And after the publication of the book of the same name, which instantly became a bestseller, the "war for talent" was talked about all over the world. This term very accurately describes the state of affairs in today's competitive world: strategic advantage no longer depends on production capacity, not on marketing moves or sales policies. The main factor determining the success of the company, its main competitive advantage is the ability to attract, develop and retain talent.Now more than 60% of jobs require knowledge workers. When the number of such employees grows, it is extremely important to attract talented people, since the brightest employees create much higher value, and the products they create bring in five times more profit on average. Cisco President John Chambers described the situation as follows: "A world-class engineer and five employees of his level can work more productively than 200 ordinary engineers." Impressive numbers.Meanwhile, the number of talented employees is very limited. Already, many executives cite the lack of talent as the main factor holding back the growth of their companies. And according to experts, in the next 20 years, the "war for talent" between firms will only intensify. The McKinsey Group Urges: To Win This War, Build Your Strategy Now! Acting actively in response to the challenge of the "war for talent" will increase the effectiveness of your organization and your level as a leader.Remember that this text is a summary of the book
The text of the book was translated from the original language using an artificial intelligence program. For the most part, the translation of the text is of very high quality, but in some cases, due to the imperfection of the technology, there may be incorrect phrase translations in the text, as well as single words and expressions may not be translated.
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Data sheet
- Name of the Author
- КнигиКратко Library
- Language
- Ukrainian
- Age
- 16
- Series
- КнигиКратко