Among the 50-65 age group, the average tenure per company is around 10 years. For those 25-35, it’s just 2.8 years.
And in some of the world’s most successful companies, it’s even lower than that. Among the most successful Silicon Valley firms, the only one with an average tenure over 2 years is Facebook. The average is closer to 1.5.
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Technology of course can be a tremendous boon to leaders both in and out of HR in helping redesign your approach to talent.
Cisco Systems provides a valuable case study of how an organization can adapt and adopt technology in order to survive and thrive in the face of change, as explored in this guide.
Moving to a new talent strategy model won’t be linear, but taking a step back and considering your future skill needs in the context of your wider industry and adjacent industries through the lens of the 4 principles outlined in this guide, will ensure a smoother, more successful journey.
Learn what HR industry experts are advising organizations to do, to create a talent strategy that ensures they survive and thrive.
Embrace the talent market’s fluidity and optimize non-traditional working patterns to stay ahead of the competition in the fight for top talent.
Consider why you need to adopt the 4 key principles in the new approach to talent strategy and how the clear roadmap for redesigning your approach will ensure your talent management success in 2024.
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