Workforce – Lynda Zugec, January 6, 2015
It may seem paradoxical that finding and keeping key talent is an issue given the high unemployment rates of recent years.
According to the U.S. Bureau of Labor Statistics, the unemployment rate in 2010 was 9.6 percent and has steadily decreased in the years since. Increased hiring is leading to stiffer competition, leaving many organizations desperately seeking new and creative methods of attracting and retaining talent.
Many employers searching for that elusive key may be overlooking what’s right under their collective noses: Growing your organization exponentially lies in how you manage your human resources.
My organization, The Workforce Consultants, surveyed the Inc. 500, an annual listing of the 500 fastest-growing private companies in the United States, to discover their secrets to success. In an effort to learn how organizations can increase profitability, we asked questions surrounding strategic capabilities; organizational development activities; change management processes; training opportunities; performance management systems; leadership development programs; and the use of HR technology.
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