Verified Document

What Are Corporate Managers Facing In Terms Of Challenges  Term Paper

Related Topics:

Management Challenges -- Five Years from Now What are the great challenges ahead for a manager in a business environment over the next five years? This paper addressed those issues, using verifiably legitimate sources.

Challenges for management over the next five years

The Society for Human Resource Management created a survey that was conducted 2010 and 2012, and it was published in 2013 in Forbes. HR of course is the driver for hiring, training and retaining employees, and the HR department has a huge stake in management, hence, the importance of their research. The issue that received the most "yes" votes by HR managers was "Retaining and rewarding the best employees," and certainly that would be at the top of any business manager's list. In 2012, 59% of respondents rated this issue the most important issue and in 2010 51% rated it most important (Biro, 2012). The issue of "developing the next generation of corporate leaders" got 52% in 2012 (29% in 2010); and "creating a corporate culture that attracts the best employees…" rated top among 35% of managers in 2012 (44% in 2010) (Biro, p. 3).

Of course these...

The rest of this list is continuing to be specific to HR managers (finding skilled employees; creating workable HR processes and policies; and creating a "service-oriented" and "employee-centric" organization), and is also specific to management at any level of a company because without alert, resourceful, knowledgeable employees the company will stagnate.
Meghan Biro has her own list of five "great challenges" for managers; she is a contributor to Forbes and her number one challenge is to "Invest in leadership development." Companies need to keep their best employees, and help them "sustain leadership qualities," and moreover, she is not just talking about having the best employees get some training once in awhile. She is saying, the best employees need to be involved in an "immersive leadership environment" (p. 2). Her number two -- which I heartily agree with -- is to "create a culture of collaboration"; that is everyone from the senior executives to the person working at the bottom rung must be working in unison, pulling in the same direction, and the challenge for managers is to make sure…

Sources used in this document:
Works Cited

Biro, M.M. (2012). 5 Great Challenges Ahead For HR and Leaders. Forbes. Retrieved September 15, 2014, from http://www.forbes.com.

Erickson, T. (2008). Today's Top 10 Talent-Management Challenges. Bloomberg Businessweek. Retrieved September 15, 2014, from http://www.businessweek.com.
Cite this Document:
Copy Bibliography Citation

Related Documents

Talent Management Strategy the Objective of This
Words: 1365 Length: 5 Document Type: Essay

Talent Management Strategy The objective of this study is to determine which performance management process will be employed to measure employee talent and analyze the key concepts related to the talent pool and the talent review process. This study will develop appropriate talent management objectives to measure functional expertise and assess the key elements of global talent management as they apply to the organization. Finally, this study will recommend a process

Talent Management at Bofa Talent Management Bank
Words: 1918 Length: 5 Document Type: Case Study

TALENT Management AT BofA BofA Talent Management Bank of America's talent management program led to success for the company Bank of America's executive performance and retention strategy breaks down into the objectives set out in Figure 2.1 (Fisher and Congel, 2009, p. 22), 'attract, retain and develop great leaders.' This process occurs in distinct phases over the first 36 months of executive promotion but begins even before the new hire, if 'attracting great

Talent Management Discuss How the Economic Environment
Words: 925 Length: 3 Document Type: Research Paper

Talent Management Discuss how the economic environment has influenced the need for talent management practices. The current economic environment is one that is knowledge-based rather than agrarian or industrial (Friedman, 2005); talent management agents working in modern society have to recognize that even now while they focus on knowledge they must shift their attention to conceptual ideas; wider audiences must be targeted. Friedman suggests than talent managers must focus on a "post-knowledge,

Talent Management Strategy in Profit and Non-Profit Organizations
Words: 1311 Length: 4 Document Type: Essay

Talent Management Strategy: Talent Company X The purpose of any successful talent agency is to find employment for actors, authors, film directors, musicians, models, producers, professional athletes, and the like. As such, it is essential for every successful talent agency to employ a staff that is both proficient enough and large enough to handle a steady influx of clients in many different areas of the entertainment business. At hand is the

Talent Management Models, Theories, and
Words: 2520 Length: 8 Document Type: Research Paper

Build a strong achievement ethic throughout the business Create exciting, challenging jobs in which people can excel. Select and develop outstanding leaders. Make talent management a critical corporate priority Foster a talent management mindset. Develop managers who can coach, mentor, empower and sponsor talent -- and deploy it to best advantage. Develop the necessary skills to lead and manage talent. Make managers accountable for managing talent. Create the means to identify and select outstanding talent Be clear about what

Talent Management Handbook Job Analysis
Words: 1450 Length: 5 Document Type: Research Proposal

Others -- other components of job specification are recurrent from the previous sections and may include the title of the position, ordinary and extraordinary characteristics required from the occupant of the position, the main tasks of the job, or the expertise required from the candidate 4. Job Design Introduction to Job Design A major part in conducting a proper process of talent management is that of creating an adequate environment in which the

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now