Free Essay

How to Obtain and Keep Good Talent

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Submitted By sharnastewart
Words 1750
Pages 7
How to Obtain and Keep Good Talent Marsha Simms
GB 540
Fahlino F. Sjuib

Introduction Most companies have run into the same issue of trying to find good talent, how to train good talent, and how to keep the good talent they have acquired. Managers do not have the time to scour the globe to find the best and the brightest. Now we have the internet to scour the globe for them. Now the problem would be to weed down the mountains of applicants to get the best of the best. This is the benefit of contracting a headhunter or having a Human Resource specialist on staff. Once they have found that special talent they have to be trained the company ways. No need getting the talent if the individual cannot function in the company. There has to be some way of acclimating the employee in the company way. We will talk about ways to teaching the new talent and the benefits of those ways. Next once they are acclimated in the way of the company and have learned the ropes how does the company keep the employee happy so they do not stray. This is a hard problem in today’s society. “A 2003 survey by the Society for Human-Resource Management suggested that 83% of workers were “extremely” or “somewhat” likely to search for a new job when the economy recovered.” (A survey of talent, 4)
Finding good talent Finding good talent can no longer be done the normal way. Put an ad in the paper and wait for the best talent to come to you. It first of all does not guarantee the best candidate and it takes more time. The best time to find a good candidate is when the company is not desperate to fill a position. “More than one-third of the managers said that they had hired below-average candidates “just to fill a position quickly”.” (A survey of talent, 3) The company should look for good talent when there is no immediate need for the talent. That way they are not forced into a bad hire. The search should be conducted by a human resource specialist or a head hunter. These people are important in weeding out the people that do not fit the criteria. They are also important to making sure you stay within the labor laws in which questions you can ask a candidate. The company should be very specific on which attributes the talent should possess. This step is a very important part of the process. Head hunters are a good source; they do the narrowing process for you. They normally have a very extensive network of talent. They live off of companies that use them over and over for their hiring needs, so it makes sense they would try to find the best candidate for your company. The company would want to make sure they are a reputable head hunter. Two unorthodox ways that have worked for various companies are posting problems and taking talent from other companies. The first option is to post an extremely hard problem and the people to answer the question have made it through the first round. The answer gets them an interview. This is a good way to verify the talent before the interview. The only thing the company has to verify during the interview is if they will fit in the company structure. The next is to go to seminars and training in hopes of finding some of the brightest employees of another company and entice them away. Hopefully you have enough perks in place to make them happy to stay with your company. Some individuals are enticed by money, some are enticed by title, some are enticed by benefits, and others are enticed by the job itself. For the company to attract the upper echelon of talent all four have to be very enticing. If the company is not able to do all four you are not going to get the best of the best. There is always a company that can do more, but by being good at all four the talent should pick the more well-rounded choice. Make sure the company does not overextend themselves to the point they will not be able to sustain merit raises and bonuses when that time comes.
Train good talent To train good talent you must first have good talent. The best way to train is on the job training. The best person to teach on the job training is someone already doing the job and excelling in the job. The company will have to be careful to not make the old talent feel like they are about to be replaced. This can be done with great communication. Letting the old talent know the company needs a group of great talent acquisitions to make a strong company. You do not want the old talent to hold anything back. If the company has multiple locations it might be more cost efficient to have a training school. All positions are taught the same process across the company. Then with good talent they must be given leeway to improve the process in their own way. If it is proven to be efficient then it will be implemented in the school and the employee given recognition for the change. This way all locations will benefit from all the new talent and the growth will be companywide and not just centralized to the location the best talent is working out of. The training has to be geared toward the individual. Most talent should know how they absorb information best. Some employees learn by hearing, some by reading, some by doing, and some by watching. The talent needs to identify the best way to absorb the information and all ways should be available to the employee.
How to keep good talent Now that you have the talent and have the employee trained a hard task is keeping them happy enough not to jump at the first glittering offer. This is a hard task because the grass is always greener at the other company until you find it is astro turf. The first thing that needs to be implemented would be yearly public praise through a yearly meeting. This will be backed up with unscheduled praise when some big deadline is accomplished. The praise should be backed up with a gift that fits the deadline. For example if extra time was worked to complete a deadline, give the next Friday off to the team that was working on the project. One option that is not too popular is cross train the employee and give the individual more responsibility. This is not popular because the extra training makes them more valuable to another company. “A company will keep more talent by helping its executives grow than it would by denying them these opportunities. And as a bonus, its executives will be more valuable to the company itself.” (Craig, Kimberly, & Cheese, 2009) Merit raises should be given every year and they should be over the cost of living increase. Most people will not admit that they are driven by money, but for a great number of employees they are. So a good way to send your new talent to look at greener pastures is to short change the merit increases. One option to keep people that companies overlook is benefits. A working parent might enjoy flexibility in hours or a company provided daycare, but the daycare will reduce the amount of time off. Most daycares are off more days than the company.
All active employees might enjoy a company provided gym. The gym will reduce the health liability the company will incur over time for the employees that utilize the facility. The gym will also reduce the number of sick days by creating a healthier work force.
More time off is also a good benefit that ensures your workforce will be refreshed. This can be accomplished through more vacation or more holidays. If the company is closed on a day that most people would have taken off anyway the company looks wonderful. The company on the other hand does not pay utilities for a few workers which is cost effective. If the company gives more vacation to the employee the employee comes back more productive and more work gets done.
A cafeteria with good food or food very close by helps with the productivity of the employee. Also they feel they are not spending all their lunch time trying to get to the place to eat instead of actually eating. If this is out of the question because of location, then there should be a service that will deliver an abundance of orders located.
A monthly progress meeting to make sure the employee is getting all the tools to do their job and they know what is expected. It goes a long way when the employee has an open line of communication with their boss. This will be your first line to know whether your employee is disgruntled.
Conclusion
Your company may not be able to do all of these points but pick as many as you can and do them well. Your company will be well on its way to attracting some of the best and brightest stars and keeping them. If you show your employee that you genuinely care about them that is the sum of all of the points. If you can find some other way too efficiently show that you care and you are taking care of the employee to the best of the companies’ ability that goes a long way. This is definitely an important task that I feel should be met with a panel that includes a budget. Companies need to come to the realization that their staff is their best resource and until they are treated efficiently they will not produce the way they could if they felt appreciated. If the company creates a great working environment that is fun, flexible, and giving then no one in their right mind would want to leave. Their problem won’t be how to keep the employees but how to get them to retire.

References

Craig, E Kimberly, J& Cheese, P. (2009). How to Keep Your Best Executives. Retrieved from http://online.wsj.com/article/SB10001424052970203946904574302011865406286.html. on February 6, 2011
n.d. (2006). A Survey of Talent. Retrieved from The Economist October 7, 2006

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