The role of a CEO has always been one of enormous responsibility and accountability – responsibility to employees to guide the company and accountability to the board and to shareholders to attain goals. Now CEOs must accomplish more in less time. That’s according to “A Decade of Convergence and Compression,” a special report from Booz & Company, that cites their 10-year study of CEO turnover.
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How do you find the right person for a particular position? One way is through talent pooling—keeping track of viable candidates for a position regardless of their current availability or status. It’s the method recruiters use to match positions with people on an ongoing basis, and it’s something you can do internally, too. In today’s highly competitive talent world, talent pooling is an important exercise for sharpening recruiting skills and keeping qualified candidates identified over a long period of time before hiring.
When it comes to understanding how your employees tick it is helpful to look at the characteristics and experiences of their generation. That may be particularly true for the group born between 1978 and 2002: Millennials.