The Problems of Sourcing Top Talent for Your Business
12 July 2018

Talent management – increased productivity - Effective recruitment

How do you go about sourcing the top talent for your business? Have you got a fool-proof method? Or are you just tolerating the least-worst option?

For many years key players in fashion, sport and music have had talent spotters. Most businesses aren’t so proactive. A typical scenario is to wait until there is a vacancy and then hope for someone suitable to fill it. It’s really not an effective or efficient way to recruit.

There is a serious shortage of high quality employees and it makes finding and developing talent one of the most critical business issues. Some companies are adopting a role specifically to tackle this. Chief Talent Officers (CTOs) are responsible for acquiring, developing and retaining a company's talent.

In Jim Collins’ book “From Good to Great” the author found that getting recruitment right is the first and one of the key messages. Bring in the right people, train, develop, interest, value and reward them – and they’ll stay. You do need to make the effort to find out about people and consult them about what motivates them, but it’s worth it to have a happy, productive team with a low staff turnover.

Having a CTO (or someone responsible for robustly and consistently looking for excellent prospective employees) means your business can focus on a sustainable approach to sourcing and holding onto the best people. The focus is on identifying each individual’s strengths, unleashing their potential and getting the best performance from the talent the company has.

Many ambitious employees feel they need to take on managerial roles to further their career. This isn’t for everyone so looking at different ways to promote people that reflect the specific skills of the person helps your retention. This approach works particularly well in a smaller company. A CTO can move fast to react to the changing demands of the staff.

Having someone responsible for looking after and nurturing the talent in your business helps to ensure that the work-life balance, career opportunities, benefits, the social side of work and the personal development the company has to offer is what employees want. Making sure that the culture of the company is a true reflection of the people who work there CTOs can focus on creating the right work environment where employees feel that this is the right place for them.

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Although every effort has been made to ensure the accuracy of the information contained in this blog, nothing herein should be construed as giving advice and no responsibility will be taken for inaccuracies or errors.

Copyright © 2024 all rights reserved. You may copy or distribute this blog as long as this copyright notice and full information about contacting the author are attached. The author is Kate Russell of Russell HR Consulting Ltd.