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Seven Ways to Win Talent War
International management consulting powerhouse McKinsey & Co. lists the following keys to winning the talent war for gifted young managers.
International management consulting powerhouse McKinsey & Co. lists the following keys to winning the talent war for gifted young managers, taken from a survey of 6,900 corporate officers, top executives and Gen-X managers in 56 companies. McKinsey calls them the talent imperatives of the 2000s:
 Instill a talent mindset at all levels, beginning with senior management. This mindset must be reinforced with accountability for the strength of the talent pool at every level.
 Create 'extreme' employee value propositions (EVPs) that deliver on your people's dreams. An EVP is a compelling reason for a talented person to want to work for your firm.
 Build a high-performance culture that combines a strong performance ethic with an open and trusting environment. Company culture is the critical element of most EVPs.
 Recruit great talent continuously. The most aggressive companies are always on the prowl for talent and ready to pounce when the time is right.
 Develop people to their full potential. Effectively conceived stretch jobs, coupled with informal feedback, coaching and mentoring are enormous developmental levers.
 Make room for talent to grow. Move under-performers, whether it's to a new position or out of the company.
 Focus on retaining high-performers. Demonstrate that you value and appreciate talented people. It's part of your EVP promise. High-potential people need to know they are vital to your future.