As recently published in Staffing Stream at: http://www.thestaffingstream.com/2014/12/29/unlocking-innovation-through-change-and-transparency/
When it comes to the labor market, it seems the tide is starting to turn. After years of conservative hiring plans, many leaders are once again looking to increase their headcount to meet rising demand. This is a critical moment for organizations, as we are more aware than ever that the success of an organization relies on the talent within it.
As Dr. Klaus Schwab, founder of The World Economic Forum, explains:
“Capital is being superseded by creativity and the ability to innovate – and therefore by human talents – as the most important factors of production. Just as capital replaced manual trades during the process of industrialization, capital is now giving way to human talent. Talentism is the new capitalism.”
One of the key reasons organizations are competing to hire top talent is to drive innovation. And not just the more traditional view of innovation as a driver for new product development. But innovation as a differentiator – both strategic and practical. Yes, strategic innovation is necessary to help companies evolve their offerings to maintain a market edge. Continue reading