- Talent Management
Recruitment and Retention: The Building Blocks of a Successful Talent Management Strategy
The Return on Recruitment
The entire talent management process and strategy of an organization relies first and foremost on effective recruiting to bring in the most valuable, extraordinary talent, and put them in positions that are suited to their skills and background.
Research has shown that in terms of return on investment, recruiting is the most important function of an HR department but today’s comprehensive talent management strategies don’t leave it all to HR—leadership also plays a valuable role in identifying and retaining the best employees.
When you recognize the importance of recruiting, and make it a pivotal part of your organization’s overall strategy, you’re going to see the impact on your profit margins.
Recruitment is no longer simply about finding a person to fill a position, or finding someone who has the skill set you’re looking for. As part of a comprehensive talent management strategy, recruitment relies on finding those people that have the skills and background, but also are the most likely to stay on with your company in the long-term, helping you reduce turnover and nurture future leaders.
So how do you find and attract the long-lasting talent that’s going to lead to a successful future for your company?
It all starts with you. Before you can begin selling individuals on the merits of your organization, you have to be clear on what you have to offer, and what your brand identity is, in a way that’s going to set you apart from other potential employers.
Keep Employees Engaged with Retention Efforts
After developing a meaningful, effective recruiting strategy, your next focus should be on retaining these top employees you’ve managed to hire.
Retention should be thought of as a way to keep the conversation open between yourself and your top talent. Keeping an on-going conversation as a pivotal priority will allow you to engage with your employees, better understand their needs, wants and goals, and ultimately keep the workplace interesting and engaging for them.
When you’re willing to put time and effort into a retention-based strategy as part of your larger talent management goals, you’re creating the sense you value your employees and their desired career path.
Retention is something that should always be happening, and as part of this ongoing process, employers should develop a toolkit that will allow them to reduce their turnover and keep their best employees as a dedicated and imperative part of their organization.
When recruitment and retention are a top priority, employees become a value-adding component of an organization.
April 4, 2016 Ashley Sutphin
You probably already have an onboarding strategy in place. It likely involves employee training, perhaps some mentorship opportunities, and general ways to help employees feel welcome and help them learn about your corporate culture.… read more
March 11, 2016 Don Weobong
There are so many ways to use videos as part of your overall talent management strategy, and it is becoming increasingly popular as there are more tools and resources to create professional-quality videos without a great deal of technical knowledge or a huge production budget. Regarding talent management, videos can be incredibly useful for not […]… read more
February 22, 2016 Sherman Morrison
As I’ve mentioned throughout this series about bias in the workplace, you’ll never eliminate it altogether, but you can certainly minimize its often negative impacts that derail your best talent management efforts and decision-making. Howard Ross, whose ideas and writings I’ve relied on heavily for this series, lays out very practical steps to take throughout […]… read more
February 15, 2016 Sherman Morrison
I hope it’s clear by now that when it comes to bias, it’s not something we can eliminate entirely, nor should we try to, because it’s an essential aspect of how we go about making decisions in our daily lives. But it’s also true that bias can get in the way of making good talent […]… read more
February 14, 2016 Don Weobong
An Overview of HubSpot Hubspot, based in Cambridge, MA., is a company that delivers and sells inbound marketing software. Founded by Brian Halligan and Dharmesh Shah, from the Massachusetts Institute of Technology in 2016, the company earned $100 million in funding at its launch from companies like Scale Venture Partners, Salesforce, and Fidelity. The company […]… read more