Employer Branding – Key to Recruiting Talent
By · CommentsA recent Deloitte Survey – Talent Edge 2020: Redrafting Talent Strategies for the Uneven Recovery – examined executives' views of their organization's talent programs. Only 17% felt that their companies had a strong program in place to recruit and retain the best talent. In other words, less than 1 out of 5 executives have confidence in their company's ability to recruit the best talent in the market place. So, what can an organization do in today's online, social media driven world to find and keep top talent? One solution is Employer Branding. Employer Branding refers to a company's reputation as an employer or, why someone should choose YOUR organization over someone else’s.
Every day more companies are implementing employer branding strategies. One can frequently come across articles about organizations testing innovative new ideas – such as unlimited vacation days – to keep and attract the best talent. To stay ahead of your competition you have to know who you are, who you want to be, and creatively promote that to the marketplace on a continuous basis. Along with that, you must know WHO you are targeting and what the most effective channels to reach those people are.
Many organizations are working with companies like ours to develop employer branding strategies. An outside agency has the ability to look at your company as a third party and bring in creative expertise to help build your brand in the marketplace. Among other things, we look at how your company is currently perceived and what people really want from you, and then we begin to build a strategy to make your company’s brand impactful, attractive and memorable to the marketplace. Employer branding is a long term strategy that will be an ongoing benefit to your recruiting solutions.
Why Top Companies Lose top Talent (Forbes article)
By · CommentsThis article, written by Eric Jackson at Forbes, hits the nail on the head in explaining why top people leave top companies. Some of the most successful organizations in the world have a tough time retaining top talent for a variety of reasons; in my experience bureaucracy, poor/lack of decision making, and lack of career development being at the top of the list. For some additional insight on improving your company's top talent retention, I recommend Jackson's article. In summary, below are the 10 reasons he lists in the article:
- Big Company Bureaucracy
- Failing to Find a Project for the Talent that Ignites Their Passion
- Poor Annual Performance Reviews
- No Discussion Around Career Development
- Shifting Whims/Strategic Priorities
- Lack of Accountability and/or Telling Them How to Do Their Jobs
- Top Talent Likes Other Top Talent
- The Missing Vision Thing
- Lack of Open Mindedness
- Who's the Boss
In light of the first day of December and the Christmas Holiday just weeks away, I thought I would share this article from Forbes.com. It provides a fun, yet insightful, look at the core functions that make supply chains "great". The author breaks down and explains, with a humorous twist, why each of the following functions of Santa's Supply Chain make his the best in the world:
- Manufacturing & Distribution Facility
- Customer Service
- Order Processing
- Supply Network Collaboration
- Supply Chain Planning
- Transportation & Logistics
- Inventory Management
- Tracking & Tracing
Happy December 1st! Enjoy!
http://www.forbes.com/sites/sap/2011/11/28/santas-supply-chain-best-in-the-world/
Be Persistent and Work Hard
By · Comments5 – Be Persistent and Work Hard: Success is a marathon, not a sprint. Never give up. (Investor's Business Daily's 10 Rules to Success)
Hiring the right executive is not a task that should happen quickly. When it comes to finding the person with the right combination of professional and interpersonal skills to work in your organization, success is a marathon, not a sprint.
We have seen many companies come to us saying they need a new leader and we need them yesterday. No one plans to be in such a situation where you don’t have an effective leader in place; but should you end up there, it is important to recognize the opportunity in front of you. You have the opportunity to find a leader who can really impact the business. Take the time and work with your internal and/or external recruiting teams to walk through the specific details that have worked and not worked in the past. Look at your company’s goals and visions and what skills/experiences could help – experience with acquisitions, internet growth, negotiations, etc. Meet with multiple candidates and have an effective way for your decision makers to compare and contrast. Most of all, expect it to take at least a few months. Even once you’ve made a hiring decision; your chosen executive will have to transition out of his role, perhaps move his family to a new city, and prepare to step into your organization.
Success is a marathon, so take the time to get the right people in place to bring you toward the finish line.
Never stop learning
By · CommentsNever stop learning: Go back to school or read books. Get training and acquire skills.
The fourth installment of IBD’s 10 Secrets to Success is to “Never stop learning.”
An education, whether undergraduate or graduate, is required for majority of professional jobs in today’s world. Yet it is just one piece of a resume, a piece that represents just a few years of one’s professional life. As a hiring organization, learn to look beyond the degree and education; look at how a candidate continuously learns and improves over the course of his/her career. In many cases, such “additional” learning is much more relevant and specific to one’s career. Understand the seminars, certifications, courses and books a candidate has used to continue learning. Ask Questions such as, “what do you like to read?”, “how do you stay on top of current events in the market?”, or “what are your interests outside of work and how do you pursue them?” These are all great questions to understand a candidate’s drive to continuously learn and improve.
Understanding a candidate’s motives to learn, improve and succeed in work and life will help you find the best person to join your team.