HBR On Strategy

Strategies for Managing Talent Amid Uncertainty and Competition

10 snips
Jan 8, 2025
Ben Casnocha and Chris Yeh, entrepreneurs and co-authors of 'The Startup of You,' share insights on the shifting employer-employee relationship towards shorter, adaptable partnerships. They emphasize why companies must foster innovation and agility to attract talent. The discussion introduces the 'tour of duty' model that encourages mutual career growth and highlights the importance of maintaining networks, both internally and externally, to thrive in today's competitive landscape.
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INSIGHT

The Old Compact

  • The old employer-employee compact prioritized stability and predictability.
  • Employees were expected to be loyal in exchange for long-term job security and development.
INSIGHT

Shift to Alliances

  • Globalization and increased competition disrupted the old compact.
  • This led to a shift towards shorter-term alliances focused on mutual benefit.
ADVICE

Be Entrepreneurial

  • Adopt the mindset of a startup entrepreneur, even within a large organization.
  • Embrace adaptability, networking, and intelligent risk-taking for career success.
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