TM - August 2007 - (Page 8) talent management magazine compensation & benefits August 2007: Volume 3, Issue 8 www.TalentMgt.com Managing the Challenges of Global Compensation Robert Mattson 26 16 What’s the best compensation strategy? It depends on whom you ask and what country they call home. An effective, global compensation program needs to be tailored to regions, cultures, currencies and even local laws because, in every language, fair pay might not have the same meaning. performance management recruitment & retention Onboarding: New Considerations for Senior Leadership Perry Papp and Eric Lesser Onboarding must be a key human capital priority, not just for the human resources function but for senior leadership. Today’s senior leaders must play the role of onboarding sponsors and be prepared to set strategy and direction for successful programs. 32 From Labor to T alent: Performance Management Lessons from Asia and Europe Lisa Rummler and Brian Summerfield As countries evolve from sources of cheap labor to regions of talent, global companies need to meet this growing complexity with advanced performance management strategies. assessment & evaluation learning & development 20 Tracking Employee Engagement John Penrose 36 Leadership Development Through Self-Awareness David Peck Engaged employees regularly go the extra mile and drive greater productivity. But engagement is no silver bullet, and talent managers need to strategically measure employee engagement through a more comprehensive measurement model. Leadership experts recognize that competency-based approaches to leadership development are too static to help leaders master the complexity of today’s highly competitive workplace. Corporations need multidimensional approaches that incorporate executive education, nontraditional workshops and team activities. succession planning 38 Retaining High Potentials Norman Schippers ON THE WEB AT TALENTMGT .COM Asian Cultural Diversity in Talent Management Ames Gross With global investors refocusing their attention on Asia, the issue of cultural differences has once again emerged as a critical factor when operating in the region. Studies show employee turnover can cost companies up to 40 percent of their annual profit. The financial impact of losing a significant number of high-potential employees can be exponentially higher. To curb highpotential turnover, talent managers should take a threestep approach. http://www.TalentMgt.com http://TALENTMGT.COM
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