1. The document discusses recruitment and retention (R&R) strategies, focusing on developing relationships with potential and current talent through the entire employment cycle.
2. A key aspect of an effective R&R strategy is understanding and aligning with organizational culture, as talent is more likely to stay if they fit the culture.
3. Common pitfalls that R&R strategies should avoid include reacting to short-term pressures instead of long-term planning, lack of resources and support, and not integrating R&R with business strategy. The new model proposed focuses on transparency, relationships, and ongoing measurement of R&R success.
7. Retaining Processes Designed to
Extend the Talent Engagement Cycle
8. The Building and Maintaining
of Pre and Post Employment
Relationships
to Create
“Just in Time” Talent Reserves
instead of
“Just in Case” Talent Inventories
(The Concept of Talent Strategy
Initiatives)
9. The Logic of Talent Relationship
Management (TRM) is that
Recruiting Involves:
Relationships With People Who
Are More Like Customers Than
Mere Candidates
10. The Process of Developing Talent
Relationships Forces Hiring Managers:
1. to Develop a more Outward Looking
View;
2. Stay on Top of Cutting Edge Trends;
3. Build their Company’s Image;
4. and Learn the Latest Trends, Products,
Employee, and Customer Expectations.
13. Objective Factors May well Help
(e.g. Compensation Programs,
Career Paths, Job Content,
Training Efforts, etc)
Ford Motors
14. However, as Failure to Retain
Happens usually the First Six
Months…
Retention At All Costs Approach Can
Also Contradict Business Strategy
Objectives .
15. All Turn Over
is Not
Damaging Turn Over.
Thus…
Retention Should Be Clearly
in The Heart of a Comprehensive
Talent Strategy Plan.
16. Retention Initiatives
must take into Account the Logic of
the Talent Marketplace
where the Market, NOT the Employer,
will more often have a
Disproportionate Impact
on Employee Turnover.
17. Why Talent Leaves, is at Least as Complicated as
why Talent Joins.
The Answer:
Involves the Economy, the Industry, the
Company, the Job, and the Individual.
Some Turnover is Desirable, while Some is Not;
Some Turnover Can Be Controlled,
and Some Cannot.
Retention Initiatives Must Consider these
Variables, Anticipate Outcomes,
React But NOT Overreact.
18. Turnover is an Inevitable Part of
Talent Flow
You Want Loyalty.....?
Get a Dog!
19. Turnover Cannot Be Stopped,
YET
It Can Be Channeled Into
a Balance of Desired Retention
and
Acceptable Turn Over,
and
Take Into Account Factors that
Influence Retention:
29. Fact
The People You Wish Would Stay Are
The Ones Most Likely To Leave
People leave their company when the
cost of staying exceeds the rewards
of leaving.
Thus…
30. Key Points:
1. Have Formal Employee Retention
Plans
2. Rigorous Competency Based Selection
Model to Minimize Bad Hiring Actions,
and When Possible Include Competitive
Packages
3. Combined With The Small Group
Integrity Psychology
32. At The Organizational Level,
Having a Good, Clear Communicated
Business Strategy, Which People
Understand and buy in on
Seems to Be a Strong Retention Tool,
Along With
Talent Strategies that Foster Group
Integrity.
47. 11. Self Actualization Creativity,
Quality Over Quantity, Task
Accomplishment and Personal Growth
Are Valued
48. Hire and Retain Talent
that
Would Fit With Your Specific OC,
Through Rigorous Professional
Personality Based Screening
49. Once Talent Fits with OC,
an Immediate Climate of Trust
&
Motivation Takes Place,
Followed By Ongoing Communication
and
Progress Measurement through
Scorecards, etc..
50. Pitfalls
&
How to Create an Efficient R&R
Model?
77. 6. Projecting and Implementing
An Image of Excellence
in
Everything We Do
78. 7. Having Your Own Signature
That Differentiates You From
Others…
This Signature has the Flavor of
Your OC
79. 8. Aligning R&R Strategies
With
Top Management Business
Strategy
80. 9. Ensuring “We are On The Same
Page” Question is duly Satisfied
Before
Going Ahead With the Hiring
81. 10. Ongoing R&R Success
Measurement:
Through Score Cards, Feed Back,
Rumors, Sensing How The
Company is Evaluated by People,
Creating the Required Competitive
Edge In Terms of Cost Saving,
Profits, etc
83. 12. Good Cross Functional Working
Relationships & Development,
Based on
Trust and Effective Communications
84. FINAL NOTES
With a Real Will & Commitment
to Implement Efficient R&R Strategies,
We Will Manage
to Shift The Existing Paradigm
and
Create Controllable Environment
Where We Can Forecast and Manage
Regional Talent Flow Dynamics .
85. Understanding OC, Small Group
Integrity Patterns, Offering
Competitive Packages, Along With
Applying Ongoing Success
Measurement,
May Well Be The Start to
Managing a More Stable and Fair
“War of Talent”