Companies realize that they need to find top talent to compete in an ever changing business environment. When it comes to acquiring top talent, the balance of power has shifted from the employer to the job seeker. Competition for top talent is fierce. Traditional recruiting techniques are no longer effective to attract and keep star talent. How can your business attract the best talent? Here are some effective strategies that will help you to get and keep the best talent.
Offer employment with purpose
Companies can attract talented employees by creating employment with a mission. More employees are looking for a purpose in their work and opportunities to make a real difference. Employees are not looking to be another clog in the machine. Money is important and they do enjoy making it, however, they long to be part of something bigger than themselves. Organizations who wish to prosper will focus more time on meaning at work, have an organizational purpose and contribution which gives people a sense of satisfaction and a genuine feeling that they are making the world a better place.
Offer a challenge
Giving employees the permission to learn is the first step in inspiring innovation. Sadly, too many organizations that say they want innovation but whose leaders are killing creative thinking. Follow the lead of the startup’s spirit with a nontraditional management structure. Companies that are driving business innovation and technological developments appeal to talented candidates. Allow your star employees to reach their potential. Also, high-performing employees reflect very well on their leader.
Use talent ecosystems
The best leaders know the value of having diversity in their employees. Different experiences, backgrounds and personality types create innovation. Talented people with different strengths and gifts to provide new perspective, and to debate ideas that challenge the team to grow. Leaders need to surround themselves with a productive team to really succeed in business. Companies with diversity out-innovate and out-perform others.
Identify ideal candidates
Your hiring team needs to assess the qualities, strengths, and behavioral traits that will identify these talented candidates. Update your interview questions so they are behaviorally-based questions. Organizations are moving away from basing their hiring criteria on job descriptions and years of expertise. They are focused on hard skills, critical thinking and people skills that are so crucial in identifying talent with the capacity to adapt to new challenges and grow into new roles as the company grows.
Hiring and retaining the best talent is as tough as it’s ever been. Hiring the right people will contribute to the overall success of a business. Your business competitiveness and survival is directly linked to your ability to innovate. The single most important driver of organizational innovation and success is human capital, or talent.
