The war for talent isn't only about talent acquisition; organizations also struggle with talent retention
Washington, D.C. (PRWEB) December 22, 2006
Human Capital Institute (HCI), a global professional association and educator in talent management strategies, and the Center for Talent Retention, the leading experts at taking action to engage and retain employee talent, announced today that the Center for Talent Retention has renewed its sponsor of HCI's Engaging and Retaining Talent learning and research track. The track is one of several topics addressed in HCI's Talent Leadership community of interest, a community HCI considers critical to organizations working to leverage human capital.
"The war for talent isn't only about talent acquisition; organizations also struggle with talent retention," said Allan Schweyer, HCI's President & Executive Director. "Organizations need to clearly understand what makes their employees tick in terms of job satisfaction and engagement. The Center for Talent Retention is at the cutting edge of strategies and practices for engaging and retaining talent. We're pleased that this global leader will continue to support HCI." Derrick Barton, Chief Talent Officier/CEO of Center for Talent Retention adds, "This is a topic that concerns all organizations, because in the war of which Allan spoke there will be many losers and few winners for the employees and talent needed to be successful. We are very pleased to have the opportunity to continue our support."
HCI and the Center for Talent Retention recognize that as the economy continues to expand and the labor market tightens, there is concern that as many as 50 to 60 percent of American employees will seize the opportunity to jump ship. Like customer retention, employee engagement and retention can be the single biggest factor affecting an organization's bottom line. The total cost of replacing a single senior manager or professional easily approaches two or three times that person's salary. Organizations have the potential to save significant money-and retain knowledge-by reducing their turnover even slightly.
HCI's Engaging and Retaining Talent learning and research track focuses on determining Employee Engagement and Retention one employee at a time by focusing on best practices, tools and solutions. what mix of tools, policies, benefits, and technologies have the highest positive effect on retaining an organization's talent.
A panel of expert advisors examines methods, trends, and best practices in employee engagement and retention. These advisors are Derrick Barton, Chief Talent Officer of the Center for Talent Retention; Jerry Burke, Manager of HR Strategic Planning for John Deere Credit; Clem Cheng, Human Resources Leader for Cigna Corporation; Row Henson, HCM Fellow for Oracle; Larry Mohl, Vice President and Chief Learning Officer for Children's Healthcare of Atlanta; and Deborah Wijnberg, Global HR Leader for BD (Becton, Dickinson and Company).
Webcasts, white papers, education, and other resources help human capital professionals understand the correlation between engagement and retention, and retention and organization success-and, perhaps more importantly, provide a framework for implementing positive change.
More information about HCI's education and research tracks is available at: http://www.humancapitalinstitute.org
ABOUT THE CENTER FOR TALENT RETENTION
The Center for Talent Solutions operating divisions - Center for Talent Retention, Center for Talent Management, and Center for Knowledge Management are the leading experts on "taking action" to increase human capital results. They offer a full range of talent solutions guaranteed to equip your organization, managers, HR professionals, and work groups to make a real impact on talent results. Bringing together the best talent practices needed to attract, engage, build, leverage, and retain talent. They are known in the industry as an elite partner equipping companies like: General Electric, Becton Dickinson, Ball Corporation, ADP, Children's Healthcare of Atlanta, BMC Software, John Deere, The Home Depot, and McDonalds to increase business performance through people. For more information, please visit: http://www.keeppeople.com
ABOUT THE HUMAN CAPITAL INSTITUTE
The Human Capital Institute is a think tank, educator, and global professional association dedicated to the advancement of talent management practices with individuals and organizations. HCI serves as a catalyst for innovative thinking in integrated talent strategy, acquisition, development, engagement, management, and measurement. Through research and collaboration, HCI programs collect original, creative ideas from a field of the brightest thought leaders in talent management. Those ideas are then transformed into measurable, real-world strategies that help its members attract and retain high-performing people, build a diverse, inclusive workplace, and leverage individual and team performance throughout the enterprise. HCI members represent a broad coalition of educators, talent managers and executives. For more information, please visit: http://www.humancapitalinstitute.org
Center for Talent Retention
Human Capital Institute
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.
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