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‘Talent will out’ seems to be the cliché of our times and appears to underpin TV programmes which celebrate celebrity culture. But retaining and recruiting talented teams and individuals is a serious challenge. It does depend on which sector you operate in but also what stage of the economic cycle you face. The other question is should you use your own resources for talent scouting or use head-hunters, even though they may not have particular expertise in your industry? The trouble with head-hunters is that they can appear like judges of a talent contest and as TV reality shows demonstrate the talentless will frequently out, and they are very difficult to get rid of.
That’s my view. You can join the debate with The Open University.
This week on The Bottom Line
Stephanie Flanders on... the long-term
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Stephanie Flanders suggests that if companies want to think long term, they should persuade investors to look beyond the short-term 'bumps'. Read more : Stephanie Flanders on... the long-term
Leslie Budd on... hedge funds
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How does a football manager of a World Cup team decide when to play their best players? Leslie Budd looks at long-term and short-term investments. Read more : Leslie Budd on... hedge funds
Playing the game, attracting the talent
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Albert Camus learned everything he knew from soccer - so should businesses also be thinking like Capello? Read more : Playing the game, attracting the talent
Sharpen your skills
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Get to grips with the managerial challenges - get to know the Open University Business School. Read more : Sharpen your skills
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