Recruiting and Retaining Top Talent: Cheryl Perkins, InnovationEdge
By Cheryl Perkins, President, Innovationedge LLC
More and more companies are facing talent management challenges. Downsizing, the aging of the workforce and the ongoing retirement of resources with years of institutional knowledge are making it even harder for them to have the right people, with the right skills, in the right place to deliver growth and innovation.
There is an urgent need today to improve workforce productivity, retain high performers and weed out remaining low performers. However at the same time, many organizations are also faced with a younger workforce as experienced baby boomers retire and the number of middle-aged workers decline (See Figure 1). These generational trends are making an impact on how companies recruit and retain the staff they need to remain competitive and innovative.