Get your Talent Management fix in one place with these top five stories from Talentmgt.com for the week of Sept. 10.
1. Three Best Practices Employees Crave: Talent leaders can prevent best practices from turning into worst practices by creating and sustaining a positive work environment, writes Halley Bock, CEO of leadership development and training company Fierce Inc.
2. How to Continually Improve On-Boarding: On-boarding can become a pretty convoluted process — especially for large companies. Creating a review board can help ensure time-to-productivity is up to snuff, writes Talent Management editor Frank Kalman.
3. Hiring Tip: Look Beneath the Surface: Don’t judge a book by its cover — you may end up overlooking great talent, writes columnist Marshall Goldsmith. Look for those who find happiness and meaning in their work.
4. Tips to Avoid Burnout Among Your Stars: Don’t squeeze the life out of your top performers and then ignore them when they’re overwhelmed. It could come back to bite you, writes Halley Bock, CEO of leadership development and training company Fierce Inc.
5. Call Me Maybe: While the flavor of the month is often sweet, the less glamorous work of long-term talent management is what tops the charts, writes Talent Management editor Mike Prokopeak.
In Other News …
Are companies neglecting succession plans?
It’s a question The Wall Street Journal asks in this blog post from earlier in the week, which states that 11 of the 42 CEOs who assumed their roles at S&P 500 and Fortune 500 firms between January and July of this year came from outside the company.
Key examples include Avon Products Inc., which hired Sherilyn McCoy away from Johnson & Johnson; Freddie Mac, which hired former E*Trade Financial Corp. CEO and J.P. Morgan Chase & Co. executive Donald Layton; and Yahoo Inc., which hired Marissa Mayer away from Google Inc.
The external recruits, the Journal article said, are projected to comprise a record-high 27.9 percent of all new CEOs by the end of the year, based on current and historical trends, according to an annual study of 669 companies by executive-search firm Crist|Kolder, which the article is based on.
External recruitment of chief financial officers and chief operating officers will also reach near-record levels this year, according to the Journal article. Those are projected to reach 44.8 percent and 21.3 percent, respectively.