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In
today's tight labor market, strategies for managing human capital
are essential to an organization's long-term success:
in particular, those identifying, training, developing and retaining
top employees. Workforce requirements are changing for all organizations.
Technology, process and results focus have made organizational
structures and skill requirements increasingly dynamic. Performance
management has become a critical link in developing productive
workers and managers. The link between performance measurement
and strategy has crystallized in the movement toward strategy-focused management.
Current demographic and immigration trends
have created the most diverse labor force in the 21st century. Succession
planning and knowledge management are essential as so many organizations
lose their knowledge base through retirement. Identifying tomorrow's
leaders takes center stage as organizations grow and
change. Professional development and rewards structures are
essential to demonstrating commitment to retention. All these forces
combined have created difficult challenges and exciting opportunities
for managers seeking to maximize the value of their human capital resources.
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