June 6, 2014

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Key Issues Facing Today’s CXO Suite

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By CBIZ

June 6, 2014

 

Hiring, Developing and Retaining Top Talent

A company’s talent provides the competitive edge necessary to succeed in today’s aggressive business environment, and hiring, developing and retaining top talent is a key factor being addressed in the C-suite.

The corporate culture is experiencing an unprecedented shift; the traditional corporate structure model is becoming obsolete.  Top executives must realize the impact of the increasing diversity within the work place and understand how to navigate the changes. Millennials now make up more than 30% of the work force; baby boomers are retiring, though many are remaining in the workplace. Ethnic diversity brings a new perspective on America’s changing labor force.  Expectations are high for companies to offer not only competitive pay and benefits, but career growth potential, flexibility, and a positive and fun atmosphere.   Employees today want a collaborative work environment where their knowledge and input will be respected as an integral part of their company’s business strategy.  No longer does the status quo of one-way, top-down management fly. Corporate culture tides are shifting, and companies willing to invest in acquiring and engaging the best talent will differentiate themselves in the market.                           

Clair A. Rood, Jr. is the senior managing director of the CBIZ MHM, LLC Salt Lake City office. Rood is a CPA specializing in corporate taxation with a focus on minimizing clients’ tax burden and maximizing profitability. He can be reached at 801.364.9300 or crood@cbiz.com. www.cbiz.com

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