Without a strategic talent management strategy we often get caught in the trap of needing help and immediately looking to the market for a candidate with specific skills. Obviously this is necessary and if it wasn’t I would not be gainfully employed, however considering our teams’ core competences should be the first step.
Look within your team and then within the company before you hire externally.
Consider training before looking externally
A bulletproof guide to the the counter offer
Over the years, recruiters and line managers have asked my advice about handling the counter offer. Hundreds of applicants screened, telephone screens, multiple interviews, background checks, salary negotiation and then the dreaded statement “the have made me a counter offer”. There is no reason to cry in your soup, I can count on one hand the number of counter offers that have ended in a lost candidate. Follow this bulletproof guide and you will be able to confidently manage that counter offer.
Why you must include a referral system in your talent management strategy
Referrals from existing employees result in lower cost per hire, better morale, and better retention rates. Reach out to current employees and you will find that they want to help, they know people like themselves (birds of a feather flock together) and they sell the company for you.
Have a strategic plan for your family business before you try to sell it.
You have worked hard all of your life building up your business but now it is time to retire and enjoy the good life. If you do not have children who are interested or able to take over the business you will need to sell your business or develop a creative plan that will turn your business into an annuity. The process of selling your business can be difficult. It is essential before you talk to a business broker, or a business valuation company.
Engaging contract Talent can offer companies a great Value Proposition.
Engaging contract Talent can offer companies a great Value Proposition. With higher unemployment there is a fantastic contract talent pool to leverage that in a tight market we would not be able to enjoy. Using contract staff strategically by building it into your Talent Management strategy offers you a greater ability to cope with fluctuating business demands.
