Bull or Bear? | August 2018

Are you a bull or bear?

BULL OR BEAR?

“Build talent before buying talent.”

Many Fortune 500 companies have the policy of promoting from within.  From the employer’s vantage point, it saves time and money.  Since an employee is already familiar with the workplace culture, team members, products, markets and processes, his/her learning curve is much shorter.  Investing in the development of employees creates a culture of motivation and trust, increases retention, and builds morale.  Employees want to learn and grow.  They will leave, especially the talented ones, if they don’t see any opportunities for advancement.

A potential downside of building talent internally is the danger of group think.  Employees may not challenge the status quo because they are so familiar with it.  It may also result in a culture of “not-invented-here” and missed new opportunities.

Another consideration is the speed to market.  It may take more time to develop new technology and product internally than the market allows.  This is particularly true with industries where technological advances take place rapidly.

OPINION: BULL
In today’s near-zero unemployment environment, an organization that does not invest in building its talent will lose the war on talent.

Are you bullish or bearish?
Give us your verdict and see how your peers compare.
See results instantly after you vote.

VOTE NOW


Share this article:

Recent Posts

Insperity Enters Strategic Relationship with The CFO Alliance

HOUSTON – Jan. 22, 2019 – Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses, today announced a strategic relationship with The CFO Alliance®, a professional community of over 7,000 CFOs and other executives of middle-market companies across North America ranging from $10 million to over […]

Read More
Multifaceted Strategist, Advisor, and Executive Coach, Debra Ventura, Joins AchieveNEXT in Serving Executives and Enterprises around the Globe

Wayne, PA, January, 2019- AchieveNEXT, a leading provider of subscription-based, peer advisory communities and specialized professional services, has enhanced its Executive Coaching & Specialized Leadership Development Services by adding Debra Ventura to its roster. This addition launches the second phase of expansion for AchieveNEXT. The 2017 acquisition of Kelleher and 2018 acquisition of Relational Capital […]

Read More
Talented On-Air, Media and Marketing Communications Professional, Candace Cook, Joins AchieveNEXT and The CFO Alliance in Serving Executives and Enterprises around the Globe

Wayne, PA, January 2, 2019 – AchieveNEXT, a leading provider of subscription-based, peer advisory communities and specialized professional services, has enhanced its CFO Alliance Community by adding Candace Cook to its team as Director of Membership Marketing & Development. This addition launches the next phase of expansion for The CFO Alliance. Launched in 2008, The […]

Read More