Sales Rainmaker Managers may be ready to jump ship!
Talent Management
by Sam Lloyd
Most organizations are becoming aware that finding and retaining talent is about to become a very big challenge! According to the Bureau of Labor Statistics, executive and managerial positions will experience the greatest turnover by the year 2008 (nearly 3 million jobs)!
In a survey conducted by the Society for Human Resource Management in 2003 about 83% of U.S. managers and executives said they likely would seek new employment when the job market improves. All indications are that an exodus of management talent is around the corner!
The October 10, 2005 issue of Business Week magazine provided some evidence about the importance of this issue. One of the sources they used was the Hewitt Associates' 2005 list of great places for leaders.
18 of the 20 companies on their list have beaten the S&P 500 Stock Index companies' 156% total return over the past decade. 85% of these companies hired their current CEO from within company ranks. Only 68% of other companies did. Good evidence that growing your own talent produces results!
The 500 largest U.S. companies anticipate losing half their senior management in the next 5 to 7 years!
Click here for more ideas on how to keep your sales manager rainmakers (Seen on jobing.com)
