The Art of Managing Key Employees

Author: Sun Jian
Publisher:
Publish Date: 2003-04-01
Features: Since the reform and opening-up, China's economy has achieved tremendous development, and our enterprises have been gradually growing stronger. However, it should be noted that most of this progress has been achieved through the large-scale allocation of material resources. As enterprises reach a certain scale, this purely resource-intensive, extensive growth model is clearly unsustainable and cannot meet the demands of the knowledge economy era. American economist Theodore Schultz once estimated that a 4.5-fold increase in physical investment would lead to a 3.5-fold increase in profits, while a 3.5-fold increase in human investment would result in a 17.5-fold increase in profits. Therefore, focusing on the role of human resources is the key to achieving sustainable corporate development. Surveys show that approximately 20% of a company's core employees generate about 80% of its profits. Core employees possess the company's core competitive capabilities and hold a pivotal position in its operations and development. For this reason, they are often targets of competitors' covetousness. Other companies may lure your core employees away with better compensation and higher positions. Statistics indicate that incomplete estimates show that if a core technology leaves Zhongguancun every year, the company will soon decline as a result. How to manage core employees, how to enhance their loyalty, and how to retain the elite talent of the company? These are challenges faced by corporate executives. This book starts with the identification of core employee characteristics and proposes many targeted strategies in various aspects of managing core employees. It is a specialized work written in China specifically addressing issues such as the recruitment, identification, training, performance evaluation, motivation, and cross-cultural management of core employees. Managing a company's core employees is managing its core competitiveness!