Retooling HR: Using Proven Business Tools to Make Better Decisions About Talent

Introduction

Better Talent Models Lead to Better Talent Decisions

The Hidden Power for HR in Using Proven Business Models

In October 2008, I spoke at an event that included an on-stage interview with Jack Welch, former CEO of GE. Welch spoke about the growing evidence of an impending downturn, and when asked for his most important advice to leaders, he said that the coming economic challenges meant hard choices for companies, often involving workforce cuts. It meant that in many organizations, the top performers would miss the performance targets that would normally trigger bonuses, incentives, and stock options. Welch admonished leaders to put aside a “bucket of money” to fund signals to the most vital employees about how much they were valued, ...