May 20th 2008
From Economist.com
What the downturn means for managing talent: a headhunter's point of view
In the face of a downturn, is the question now facing business—particularly financial services—how to get rid of talent, rather than how best to retain it? And what of the talent itself? After years of calling the tune, does it now find itself in a buyer's market?
We interviewed Brian Sullivan, the New York-based boss of CTPartners, an executive-search firm, named by Business Week as one of the world's most influential headhunters, in London recently. That times are getting hard is beyond dispute, he agrees, which would seem to work against the talent. However, it is also a good time for CEOs to rethink their approach to human capital—these days, their primary area of responsibility—so they can devote energies to knowing who can be dispensed with and who it is best to retain.
Listen to the audio (17:13 mins | 7.8MB)
Remember, it's always a wise strategy to know your workforce....