Before reflexively introducing across-the-board headcount reductions, it is useful to first identify your "pivotal talent"— those game-changing employees whose performance can make or break your bottom line.
Before reflexively introducing traditional strategies like across-the-board headcount reductions, companies should first re-evaluate their approach to "pivotal talent"— those game-changing employees whose performance can make or break the bottom line.
Why? Because as market conditions continue to evolve and companies quickly change business objectives—rethinking everything from growth projections to whether a merger or divestiture is necessary—organizations need the right blend of critical skills.
A first step: rejecting four common talent myths that can hold companies back — especially when the going gets rough.