How To Recruit And Retain The Best Talent

The ability in a company is to recruit, develop, and retain the best talent is the number one factor in achieving the highest performance possible. For multinational businesses, leadership development never ends. A global organization that requires executives with international experience, cross-cultural communication skills, knowledge management, and fluency in various languages. An example of an organization is the Renault-Nissan Alliance, they have teams working all over the world who have the ability to inspire and lead diverse teams that unite people in different time zones, who speak different native languages, come from different cultures, which often have different goals and reports for different hierarchies are prerequisites. Renault-Nissan is not alone in finding leaders with global business intelligence, because in the American technology sector, 75 percent of the companies founded by U.S. venture capitalists having at least one CEO, CTO or head of foreign birth and intelligent executives globally is needed, and large multinational companies and their recruiters compete to identify and hire workers. At the same time, the latest arrivals in the millennial generation international workforce expect a challenging and diverse career path. They want to move from company to company, country to country, and they hope for some career transitions. With this labor market trend, the Renault-Nissan Alliance has three golden rules; hire the best and challenge them, leverage your partners to ensure a broad and deep talent pool, and the most important is to shatter the glass ceiling. In many large manufacturing companies, those who are promoted to C-suites must have the same citizenship as the company. Nissan is based in Japan, a country not known for its diversity of management, but 48 of Nissan’s top 100 positions are held by non-Japanese executives from 17 different countries. Once executives reach a certain status and salary, they rarely consider leaving. Ultimately, this tends to create stagnation in the lack of innovation and competition that stifles industrial progress and makes it less attractive to ambitious professionals, so they hope their executives can become highly disciplined creative professionals with a global mindset.

Reference: https://www.weforum.org/agenda/2015/02/how-to-recruit-and-retain-the-best-talent/