A 21st-century company should put as much effort into developing its talented employees as recruiting them, say Lowell Bryan, Claudia Joyce and Leigh Weiss of McKinsey.
Making a market in talent - Part 3
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1 | Part
2
To help the market function smoothly, jobs have minimum time
commitments (usually one year for lower-level managers and
three for vice presidents) to ensure that managers don’t have
to scramble to fill positions before the people who hold them
have finished the job.
Finally, enterprise-wide standards (such as salary bands)
are defined for all levels, from entry through senior leadership,
thus facilitating comparisons across the company.
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