Performance & compensation
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Captain Cloudesley Shovell misestimated his ship's longitude in 1707, leading his entire fleet of British ships to drown in a maritime disaster that killed 2000 people. Similarly, today's tools for measuring human capital retention and employee satisfaction, like retention rates and lengthy surveys, lack precision and cannot effectively determine if a company can attract, focus on, and retain talented employees. However, a large talent development research center was able to identify 12 core questions through a survey of over 1 million global employees that better measure the essential workplace elements needed to attract and keep top talent.
Performance & compensation
- 1. Is your company able to find, focus, and keep Talented People? Performance & Compensation
- 3. A lesson from the sea In 1707 there wasnt an accurate way to measure longitude, captains relied on their estimation for average speed to make sense how far east or west they travelled, or dropped a log over the side of the ship and timed how long it took to float. Captain Cloudesley Shovell misestimated the longitude which led to the drown of the entire fleet of British ships.1
- 4. Greatest maritime disaster in British history! The whole fleet drowned in 3 minutes. No one on board the ship survived . 2000 were dead.
- 5. In todays business world There are only few tools and they lack precision such as Employee retention figures, number of days to fill openings or lengthy employee opinion surveys; however, these tools cannot effectively tell whether a company is able to find, focus, and keep talented people. In other words these tools are the log dropped by ships to measure longitude! NO MEASURING STICK FOR HUMAN CAPITAL
- 6. What do the most talented employees need form their workplace? A renowned talent development research center conducted a survey First phase: 1 million employees participated in the survey From different industries and countries Answering hundreds of questions on every aspect of the workplace.
- 7. What do the most talented employees need form their workplace? Second phase: Scholars searched for patterns, they were able to narrow down the questions to.. 12 Core Questions. Those questions helped in measuring the essential elements needed to attract, focus, and keep the most talented employees.
Editor's Notes
- #4: For more information about the catastrophe: https://en.wikipedia.org/wiki/Cloudesley_Shovell#Death_in_the_Scilly_naval_disaster