Pepsi is one of the largest 200 corporations in the U.S. Unlike many other companies, Pepsi attracts and retains its talent. This is important at a time when American companies are facing a talent shortage, nationwide.USA Today spotlighted Pepsi Bottling's CEO, Eric Foss, in yesterday's Executive Suite profile.
Here are six tips for retaining and developing talent that I thought were particularly good:
1) Most people quit because they feel underappreciated. Give talented executives stretch assignments.
2) It's a myth that all fresh ideas come from new hires and that long tenure creates stale thinking.
3) Good bosses are what make good employees. Leadership is about coaching and having a "teachable point of view."
4) Encourage disagreement among executives, but set up rules and make sure no one crosses the line of respect.
5) No development system compensates for a bad hire. When hiring, look for character and the confident look of a leader.
6) Don't worry about those who leave. Focus on those who stay.
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