Corporations that strive to lead the market and create value for their clients, need to attract, develop, and retain the best people and tap their creativity.
In fact 'the winners in the war for talent will win the war for market leadership,'predicts Gerry Redmond, Partner of the Learning and Development unit at global professional services firm, Ernst & Young.
Echoing E&Y's Global Chairman Jim Turley, he says that a corporation's growth is closely linked to its people and that growth in turn creates opportunities for employees.
This is the thinking that also drives E&Y's 'People First' strategy, as Mr Redmond notes, 'We are in the business of creating value and confidence for our people and our clients.'
'The idea of generating value through our people to create value for our clients, may be a little different from the traditional approach of focusing on your clients. However, if you get great people, motivated and empowered, you will get leading edge products, great service delivery and satisfied clients,' Mr Redmond says.
To retain high-performing motivated workers, corporations need to understand the goals of their employees and seek to accommodate and enable these within business objectives. That may include 'on-the-job coaching and finding innovative ways to reward the right behaviours,' Mr Redmond says.
