HIRE THE OVERQUALIFIED TO MAXIMIZE TALENT ROI

Virtually all companies want to hire the very best talent available.  Most have some version of this statement proudly displayed on their careers page. But we all know that there are constraints in terms of the price you can afford to pay for that talent. That’s the crux of achieving your company’s talent strategy, maximizing the talent you bring into the organization but doing so at a price that doesn’t break the bank.

Read more at: https://fistfuloftalent.com/2019/03/hire-overqualified-maximize-talent-roi.html

KEY COMPONENT TO TALENT STRATEGY: A PROPER GOODBYE

The HR space talks about talent acquisition a lot.

How to attract candidates, how to source candidates, how to make the candidate experience exceptional. Just venturing a guess, but perhaps 70%, maybe 80%, of HR technology focuses on these very things.

As an HR practitioner, I believe there is something that corporate leaders, managers, HR pros, and recruiters neglect: A proper goodbye.

Read more at: https://fistfuloftalent.com/2019/04/key-component-talent-strategy-proper-goodbye.html

Developing a Business Growth Strategy from Consumer Research

Only half of startups survive more than five years, and only a third make it to ten years. To ensure sustainability of business, you must create growth strategies. A tangible plan is a defining factor that determines whether you will create growth or devalue the business. A business growth strategy should integrate consumer research to capitalise on market opportunities and keep a pulse on their market dynamics. Here are tips on developing a business growth strategy from consumer research:

Read more at: https://www.business-achievers.com/general/developing-a-business-growth-strategy-from-consumer-research

Grocery distributor uses data to justify quality service strategy

Grocery wholesale distributors use networks for buying power and breadth of product range. For many members of the Countrywide Food Service Network, data analytics is the new secret weapon to stay competitive.

Kimberley Marketing (KM) is a wholesale grocery distribution business and a cash and carry retail store. Phil Brittain runs the business from Kununurra, a town in far north Western Australia, with the closest cities being Darwin, 500 miles away and Perth, a further 2000 miles south.

Read more at: https://www.phocassoftware.com/business-intelligence-blog/grocery-distributor-uses-data-to-justify-quality-service-strategy

TALENT FLOW: WHAT IT IS, AND HOW IT WILL BE YOUR ORGANIZATION’S COMPETITIVE ADVANTAGE IN THE FUTURE OF WORK

85% of jobs that will exist in 2030 have not been invented yet. 

 Of course, this isn’t the first time we’ve seen a new era for the economy and for the jobs that existed within it (see the graphic below). Did a telephone operator exist before the second industrial revolution, or did a software engineer exist before the third industrial revolution? Of course not! In the same way, because of drivers like mobile devices, sensors, artificial intelligence, natural language processing, bio technology, and wearable video, jobs will emerge in the upcoming years that we could not even conceive of now – but soon, it will be impossible to imagine life without them.  

Read more at: https://www.plum.io/blog/talent-flow-what-it-is-and-how-it-will-be-your-organizations-competitive-advantage-in-the-future-of-work

BETTER BENEFITS FOR BETTER TALENT, AND MILLENNIALS’ SAVINGS WOES

Here are the top news stories in talent & organization from this week.

The struggle to attract younger generations to insurance is not a new subject, but brokers need to take a new approach to the war on talent, argue John Ludley and Matthew Reed. “Some have been proactive in setting up apprenticeships or graduate schemes, or creating defined training programs, but is this enough?” they ask in a blog post for Insurance Age. “There is abundant research out there which demonstrates how important perks and benefits are to potential employees before accepting a new job, and the positive impact these benefits have when it comes to staff retention.” 

Read more at: https://talentorganizationblog.accenture.com/financialservices/better-benefits-for-better-talent-and-millennials-savings-woes

Setting Strategic Priorities: How to Decide Which Initiatives Will Move Your Organization Forward

After you’ve developed your vision, mission, and values, the next step in the strategic planning process is defining your objectives, strategies and tactics (i.e. how you will carry out your strategic plan initiatives).

The first step in this part of the process is to define your key strategic priorities over a set period of time. Strategy is about making decisions and deciding which initiatives will move your organization towards your vision and keeping an eye out for what may slow you down or hold you back. 

Read more at: https://www.smestrategy.net/blog/setting-strategic-priorities-how-to-decide-which-initiatives-will-move-your-organization-forward

How to Monitor and Track Your Strategic Plan Progress: Interview with Carl Cox

In this episode of our Strategy & Leadership Podcast, we were joined by Carl Cox who is the CEO for for Cascade Strategy North America. Originally an accountant and CFO, Carl started off as a client of Australian based Cascade Strategy. As he developed in his executive roles, he became deeply involved in strategy work and eventually opened Cascade’s US office.

Read more at: https://www.smestrategy.net/blog/how-to-monitor-and-track-your-strategic-plan-progress-interview-with-carl-cox

Key Elements of Talent Management System

The many organizations whether big or small need to manage their employees and staff. For this, the companies use a human resource information system that works to manage employee records and basic information. But with the growing need, the companies and managers are now moving ahead to implement a system that eases their job. This system called, the talent management system is the system by which the HR department attracts, develops, motivates, and retain employees to obtain the mutual benefit of both parties.

More information: https://jitalent.com/blog/57/key-elements-of-talent-management-system

How To Build An Effective Talent Management Strategy

The talent management system is the set of integrated solution that offers human resource professionals an application to maintain a company’s human capital. It helps the human resource department of the organization to simplify the hiring process and to retain the talent for the long run. The talent management system is built with an objective to track the employee performance and to enhance individual performances for the growth of the company.

More information: https://jitalent.com/blog/59/how-to-build-an-effective-talent-management-strategy