Employers should focus on an idea embraced by Netflix known as "talent density," writes Josh Bersin, who points out the approach is critical as unemployment remains low, AI transforms companies and small, high-performing teams become more important. Improve talent density by hiring people who challenge the status quo, paying top performers better than others, rewarding employees for team achievements and empowering the workforce, Bersin writes.
Give your employees an engaging breakroom experience that's visually captivating and convenient. Our self-checkout markets offer hundreds of products like healthy snacks, beverages, fresh salads and sandwiches, and even hot meal options. Learn more.
Employers should recognize classism as a potential cause of workplace inequities related to recruitment, promotion and pay, says Baker Tilly Chief Diversity Officer Shane Lloyd, who points out classism is evident when people assign worth to others based on perceived social class. "Respect should just be something that's afforded to everybody in a workplace community," says Lloyd, who recommends employers create mentorship programs and be flexible with degree and college requirements.
Consider switching companies or industry if your salary has stagnated or you're only getting cost-of-living raises, and don't be afraid of being labeled a job hopper, says career counselor Allison Venditti. "We know that job-hoppers make more money. It's been proven."
Academia is increasingly making room for alternative academic careers outside of the traditional pathways, but there is still a long way to go in ensuring that these career paths are valued by those working in higher education, writes Sarah Dorr, director of professional development at the International Studies Association and research scholar in global affairs at the University of Connecticut. Academic institutions must integrate more training and professional development for these pathways, and individuals should focus on developing a culture of positive support, Dorr writes.
A Gallup study found 26% of men and 17% of women are interested in becoming senior leaders, with women's interest dropping if they are raising young children or would have to work 60 hours per week. Employers can help women attain leadership roles by setting clear performance expectations for career advancement, focusing on developing future leaders, listening to female leaders' concerns and being flexible about the needs of high-performing women employees, Gallup researchers write.
Do you know the talent density in your organization?
According to HR analyst and thought leader Josh Bersin, talent density is “the quality and density of skills, capabilities and performance you have in your company.” Basically, “density” is determined by the number of high performers in your organization. The higher the number, the more dense your workforce.
The concept is simple. The application of it, not so much. It gets down to “how we define performance, how we select people to hire, how we decide who’s going to get promoted, how we decide who’s going to work on what project and how we’re going to distribute pay,” Bersin writes.
The story made me think. We hire skilled people and build talented teams. And in theory, everyone we hire is capable of producing excellent work and contributing to the bottom line. That’s why we hire them, right? We have a goal -- revenue and products -- and hire people who can move us to meet that target.
But in reality, not everyone contributes the same. Some folks are superstars and their impact is noticeable. They often pull more of the weight and their work is of a high caliber.
What’s a manager to do? How do we increase our talent density? Bersin points the way.
“Now is a time rethink how our organizations work,” Bersin writes. “Not only should we promote and reward the hyper-performers, the Pareto rule and Talent Density thinking encourage us to help mid-level performers learn, grow, and transform themselves into superstars.”
These are valid points. As we guide teams into a future shaped by AI and new models of work, it will be increasingly important to have teams made up of high achievers -- not just in potential, but in action. We don’t need more bodies -- we need individuals to perform at their highest levels.
What do you think? Do you agree with Bersin’s perspective? Let me know! And if you enjoy this brief, tell others so they can benefit also.
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I believe that we learn by practice. Whether it means to learn to dance by practicing dancing or to learn to live by practicing living, the principles are the same.
Martha Graham, dancer, choreographer, pioneer of modern dance March is Women's History Month
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