It goes without saying that an organization's ability to succeed depends on the quality of its personnel. Attracting and keeping outstanding talent is one of a CEO's most important duties. However, traditional approaches to people management are failing in today's dynamic and quickly changing business environment.

The days of luring great personnel with a competitive pay are long gone. CEOs of today have to contend with a highly competitive labor market as well as changing employee expectations (and objectives).

As to a report published by the Society for Human Resource Management (SHRM), obtaining excellent applicants is becoming more difficult, according to 83% of HR practitioners. In addition, it can be expensive for businesses to find and keep talent. Gallup estimates that voluntary turnover costs businesses more than $1 trillion a year.

Read More - Winning The Talent War: How To Attract And Retain Top Employees