| The Alliance: Managing Talent in the Networked Age
By Reid Hoffman and Ben Casnocha | Chris Yeh
Michael's Comments...Written by Reid Hoffman, founder of LinkedIn and Cofounder of PayPal with Elon Musk.
The age of lifetime employment (except in government jobs) has been over since the 1970's, yet most companies behave as if its still valid, until its time to lay you off. Hiring managers let you assume if you do a good job you can stay with the company for 20 - 30 years until retirement age.
Hoffman has figured out a better way for employers and employees to partner with each other, and this way avoids the lie of life time employment.
Amazon's Description...A New York Times Bestseller
Introducing the new, realistic loyalty pact between employer and employee.
The employer-employee relationship is broken, and managers face a seemingly impossible dilemma: the old model of guaranteed long-term employment no longer works in a business environment defined by continuous change, but neither does a system in which every employee acts like a free agent.
The solution? Stop thinking of employees as either family or as free agents. Think of them instead as allies.
As a manager you want your employees to help transform the company for the future. And your employees want the company to help transform their careers for the long term. But this win-win scenario will happen only if both sides trust each other enough to commit to mutual investment and mutual benefit. Sadly, trust in the business world is hovering at an all-time low.
We can rebuild that lost trust with straight talk that recognizes the realities of the modern economy. So, paradoxically, the alliance begins with managers acknowledging that great employees might leave the company, and with employees being honest about their own career aspirations.
By putting this new alliance at the heart of your talent management strategy, you’ll not only bring back trust, you’ll be able to recruit and retain the entrepreneurial individuals you need to adapt to a fast-changing world...