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Added for You - Talent Acquisition in 21st Century-A Big Challenge (Part I)
Beating Your Competitors ke the camels back' (bad appraisal, inappropriate negative response from boss, extra workload stress etc.) can post their CV/Resume up on a particular jobs board at midday today, receive three interested requests for contact with third party recruiters or headhunters within hours, be interviewed for an outstanding role (at one of your competitors) tomorrow, receive an offer in writing the following day and resign that afternoon (within 2 days). Scary, isn't it?
But if the Internet has enabled this process for candidates, it has also brought significant advantages for organizations.A great product does not necessarily mean you’ll even make enough money with it because your competitors with not-so-great products can sell more of theirs if they use certain marketing strategies that you’re not. We can learn some of the strategies and tactics used by some of the Master Marketers of not-so-great products and apply them to our great products to:1. Beat our competitors to a pulp; or 2. Create an impenetrable barrier for new competitors; or 3. Ensure our survival where competition is fierce; or 4. All of the above.An excellent case in point is Microsoft’s dominant Operating System (OS) software for computers. It started off as MS-DOS over a quarter of a century ago, and eventually became Windows XP today, with the next version called “Vista” on the way.Microsoft’s OS is generally felt to be inferior to Apple’s Operating System in many ways, even to this day - but yet it became and remains the dominant OS, powering over 90% of the world’s computers at this very moment. Over the years, I’ve had my fair share of Microsoft OS crashes, “Illegal Operation” messages, security problems, viruses and so on - yet I still buy computers with the Microsoft OS installed, despite Apple’s best efforts to get me to switch over.How then did Microsoft become an 800-pound gorilla with such an inferior product, and Apple such a minnow although it has a vastly superior product for so many years? The answer lies in Bill Gates’ vision, software pirates (you have no idea how much of a debt Bill Gates owe them), some lucky breaks and Microsoft’s competitors’ vital missteps.Here’s what happened, in a nutshell. It started with IBM and its huge ambitions. The first computer for the consumer were created in 1974/75. They were the Scelbi, Mark-8 Altair and IBM 5100 Computers. IBM, the largest IT company in the world, failed to capture any significant market share through the IBM 5100. The Apple II appeared on the scene in 1977. It looked like an oversized calculator with too many buttons. Apple’s legendary design sense were n Direct access to the candidate market Now organizations can go direct to the candidate market, thereby cutting the time it takes to find the right people, whilst dramatically reducing their recruitment costs. However, simply posting up jobs on various jobs boards is not the answer. Best Practice Process Instead, based on all the research we have compiled over the last 18 months, we believe that Talent Acquisition needs to be addressed at the most senior levels within all organizations - big or small, public or private. This means that Talent Acquisition needs to fit 'hand in glove' with your overall organizational strategy. It needs to have the appropriate level of resources behind it; it needs to be monitored and reported on at all board meetings and it needs to involve many people within the organization who attribute to it the importance that the organization requires. But don't despair, given the correct focus we can help ensure that your organization becomes and employer of choice' in this brave new world. The realities of today’s demographics have elevated the issue of talent attraction and retention to become a critical leadership concern, receiving significant attention. Given the projected labor market and demographic trends, an organization’s approach to talent acquisition can become a key differentiator and source of competitive advantage. The changing market has revealed that prevailing “one size fits all” HR practices are no longer effective. Organizations must develop specific people strategies for their most critical segments that directly align with and support the business strategy. While individual approaches are customized to the needs of each organization, all approaches are based on key critical success factors. This course focuses on the issues and challenges organizations face in attracting and retaining key talent. While introducing participants to emerging recruitment trends in the industry, this course will also provide participants with a selection of tools and best practices from which to draw as they design their own strategy to win the war for talent. Bibliography Interaction with my own friends who are into hiring…from across the globe Inputs from the Research Team of 07/09 Management Consultants. Other books referred are: 1. The Talent Management Handbook: Creating Organizational Excellence by Identifying, Developing, and Promoting Your Best People (Hardcover)
by Lance A. Berger, Dorothy R. Berger
Let Design Take You To Different Heights of Creativity IntroductionDesign takes many forms in different contexts. In the applied arts, such as graphic design, industrial design, fashion design, functional art, and decorative art, design is considered a noun as it is a verb.Such is also the case in engineering, architecture and other creative activities. Design allows human beings to effectively communicate ideas and information. It cuts across a wide range of applied arts from fashion design to industrial design.Design as a noun can refer to a drawing or a sketch. It could also be a graphic representation of a detailed plan for construction uses. It may also be described as a basic plan or pattern that could affect or control the environment. Design as a noun can also be used as an intent or purpose, a secret plot or ploy.In the context of a verb, design is the series of different processes involved in creating a plan meant for aesthetic and functional objects. These processes, or the design process, as it can be called, require significant time for deliberation, research, shaping and reshaping, adjustments, and redesign.To design is to fashion in the mind, to create a plan in a systematic format, to execute plans, and to create designs.Our everyday lives are surrounded by the designs of people who are resourceful, creative and imaginative. We live in houses designed by architects, and ride in cars inspired by engineers. Our household items are product of a new form of art called industrial design.The clothes we wear from shirts to jeans to underwear clothing are created by ingenious fashion designers, and the furniture pieces we install in our homes were created by the exceptional craftsmanship of their design makers.To design entails careful evaluation of the product to be created, continuous planning, modeling and remodeling of the product, testing, and redesigning. People who are involved in design are usually creative, organized, and technology conscious.They are committed to their craft and work well with others, because design is a process which cannot be achiev Last week, I was in Rajasthan (One of the largest state in India), traveling from Jaipur to Jodhpur to Udaipur to Bikaner to Kota. It was not a fun trip but I was adding few more head counts on the roll of the company I am working with. I was in Rajasthan for 8 days, 1800+ people walked-in for interviews; 750 actually interviewed and we extended the offer to 107 people. Whether you refer to it as a ‘talent war’, skill shortage, or ‘employment seller’s market’, it’s threatening the competitive position of many corporations, and the situation is worsening. Over the next 10 years, the demand for talented people will far exceed the availability of skilled workers – at all levels, and in all industries. Before proceeding further, lets have a look at the following figures: It is estimated that at least 1/3 of business failures are due to poor hiring decisions and inability to attract and retain the right talent.
Notwithstanding the economic situation of a country which may affect the job market for a time being, many ‘A-players’ who have not had significant opportunities for growth and advancement change jobs, and the fundamental shortage becomes apparent – especially for those companies who have not developed a reputation as ‘employer-of-choice’, and who have not developed the capabilities and infrastructure to compete effectively to acquire and retain scarce talent resources. Getting the best talent, and keeping the talent you have is becoming intensely competitive. Most corporate officers say that the biggest constraint to pursuing growth opportunities is talent. Few businesses have adequate talent acquisition, retention and development capabilities -
Understanding Talent Acquisition So what exactly do we mean by the term Talent Acquisition? Well, just as Customer Acquisition describes the overall strategic process around identifying market sectors, targeting client prospects, running direct marketing campaigns, selling and receiving the order (i.e. acquiring a new customer), so Talent Acquisition involves all the sub-processes around finding, attracting and engaging highly talented individuals into your organization. Origin of the “Concept” of Talent Acquisition Let's take a closer look at the way traditional recruitment is re-emerging as a broader 'talent acquisition' concept - An approach that is becoming more and more critical in the 'War for Talent'. Just exactly how does this differ from 'plain vanilla' recruitment? Well, in a considerable number of ways. First and foremost, 'talent acquisition' forms a part of a much broader strategic approach in the corporate quest to gain and sustain a competitive advantage in today's marketplace. Other aspects include talent development, retention and transition, these are primarily inward facing, whilst the former is outward looking. The core concept of talent acquisition is to get away from the 'fill in the box' thinking to one that is more pro-active and much closer to building the skill sets required to achieve business success. Traditionally, a recruitment need occurs when an individual either leaves or is promoted to another function. That's when panic can set in, especially if no suitable internal solution is found, a situation that is becoming known as - "under the bus syndrome". Strong relationship building or networking skills are important here. The key to success in talent acquisition is the unique way that you are able to tap into the 'top performers' who are not really looking for another job. They never read the traditional job ads or go to the job boards on the Internet. Encouraging your own 'star' players to identify other outside top performers is an extremely powerful tool that is being used more and more. Corporations are offering a wide range of rewards in order to get these names and then act on them. Once the talent has been identified, the next stage is to start building on-going relationships and look for that all elusive 'trigger point' in someone's career that would get them to change jobs. This can be a number of things but it is often a negative experience or an outstanding opportunity. Gathering intelligence from their 'friends' and from previous market research will help in uncovering exactly what excites top players. Educating line managers that talent acquisition must also be an every day duty is also a success criterion. Most managers, rightly so, look at hiring only when there is a 'box' vacant on a purely transactional basis. Today's top talent has a very short shelf life; therefore you must have a sense of urgency in bringing them aboard, a job opening or no job opening. This tactic is considered very risky by some managers, but at the end of the day not making an offer the day a 'top' performer comes to the job market, you will most certainly loose them. Usually bringing in top management (CEO, CFO, COO, etc.) in the relationship building process helps considerably in influencing the 'star' performer. Money is of course essential in the talent acquisition quest, but it's not the only element. Many corporations are using traditional job classification and job grading systems in order to remain competitive in the 'cash compensation' side. Being able to mould an opportunity and make it exciting will also attract top performers, the notion of "a la carte" job descriptions is becoming more and more adopted as a way of finding the "hot button", and excite people enough to make the move. Benefits and perks are at the fore here with long-term incentives such as stock options, being widely used. The work/life concept will also have an impact, a lot of corporations talk about this element but not many have fully embraced it. Others look at it from an investment banker perspective and view potential 'top performers' as they would any targeted acquisition, some people are even thinking of attributing P/E ratio values to top talent. Just think for one moment at that analogy, the talent marketplace becomes the equivalent of the NASDAQ or DowJones and the attractiveness of top talent will vary according to their performance relative to peers and the value added they can bring. Perhaps in the future you will see talent 'indexes' being used. That will prove to be more and more essential in giving corporations a leading edge and competitive advantage over others. If you have it you will be one of the survivors, if not then a 'market correction' may be soon be coming your way. What is difference between “Recruitment” and “Talent Acquisition”? One of the most frequently asked questions is “What’s the difference between ‘Recruiting’ and ‘Strategic Talent Acquisition’?” The easy part of the answer is to define “recruiting”. It is nothing more than filling open positions. It is an entirely tactical event. The more complex part of the answer is the definition of “Strategic Talent Acquisition”. Strategic Talent Acquisition takes a long-term view of not only filling positions today, but also using the candidates that come out of a recruiting campaign as a means to fill similar positions in the future. These future positions may be identifiable today by looking at the succession management plan, or by analyzing the history of attrition for certain positions. This makes it easy to predict that specific openings will occur at a pre-determined period in time. In the most enlightened cases of Strategic Talent Acquisition, clients will recruit today for positions that do not even exist today but are expected to become available in the future. Taking the long term strategic approach to talent acquisition has a huge impact on how an approach is made to a candidate. If the approach is purely tactical in nature, all we ask of the prospective candidate is “are you qualified and interested?” However, if the approach is more strategic in nature, the intent of the call is to go much further, and the conversation becomes more relationship building. The candidate has an opportunity to explain his/her future career aspirations, and the recruiter gathers enough information to determine if there is a potential fit in the client organization. If during a strategic recruiting call the candidate declares that they are both qualified and interested, then the tactical nature of the call has been automatically fulfilled. If, however, the candidate lacks sufficient experience, or the timing for a career move is not propitious, then they become candidates for the future, and all the recruiter has to do is keep in touch until either they become available, or a position with the client organization opens up. Most of the money spent on Strategic Talent Acquisition would have been spent in a tactical recruiting mandate anyway. The only additional cost is in collecting data on high-potential candidates and then keeping in touch with them until hire is made. The additional cost becomes insignificant compared to the value of hiring top competitive talent over time. Strategic Talent Acquisition allows us access to a pool of competitive talent that would otherwise have been missed or even worse, ignored. Clearly the business case for acquiring talent strategically is far more compelling than simply paying to fill positions today. What we are doing is adding a small incremental effort, in exchange for a huge potential reward. Importance of Talent Acquisition • Understanding workforce demographics (current and future)
Linking Organizational Strategy to HR Strategy • Understanding the organizational strategy
Designing and Implementing a Talent Acquisition Strategy • What is an Employer of Choice?
Talent Acquisition – As A Strategy Historically organizations have not treated the recruitment process as one of strategic importance, but latterly many are now waking up to the reality that the world has changed dramatically. No more can the organization pick and choose between several great candidates for one position. Several changes in our connected world have tipped the scales in favor of the highly talented individual looking for a new opportunity. Firstly, of course, there is the Internet. Never before in the history of humankind, has there been such an enabling technology. Candidates can now advertise their desire to change jobs within minutes of making the decision and receive enquires about their talents within hours. Potentially, it is feasible that a high quality employee of yours, having received the final 'straw which broke the camels back' (bad appraisal, inappropriate negative response from boss, extra workload stress etc.) can post their CV/Resume up on a particular jobs board at midday today, receive three interested requests for contact with third party recruiters or headhunters within hours, be interviewed for an outstanding role (at one of your competitors) tomorrow, receive an offer in writing the following day and resign that afternoon (within 2 days). Scary, isn't it? But if the Internet has enabled this process for candidates, it has also brought significant advantages for organizations. Direct access to the candidate market Now organizations can go direct to the candidate market, thereby cutting the time it takes to find the right people, whilst dramatically reducing their recruitment costs. However, simply posting up jobs on various jobs boards is not the answer. Best Practice Process Instead, based on all the research we have compiled over the last 18 months, we believe that Talent Acquisition needs to be addressed at the most senior levels within all organizations - big or small, public or private. This means that Talent Acquisition needs to fit 'hand in glove' with your overall organizational strategy. It needs to have the appropriate level of resources behind it; it needs to be monitored and reported on at all board meetings and it needs to involve many people within the organization who attribute to it the importance that the organization requires. But don't despair, given the correct focus we can help ensure that your organization becomes and employer of choice' in this brave new world. The realities of today’s demographics have elevated the issue of talent attraction and retention to become a critical leadership concern, receiving significant attention. Given the projected labor market and demographic trends, an organization’s approach to talent acquisition can become a key differentiator and source of competitive advantage. The changing market has revealed that prevailing “one size fits all” HR practices are no longer effective. Organizations must develop specific people strategies for their most critical segments that directly align with and support the business strategy. While individual approaches are customized to the needs of each organization, all approaches are based on key critical success factors. This course focuses on the issues and challenges organizations face in attracting and retaining key talent. While introducing participants to emerging recruitment trends in the industry, this course will also provide participants with a selection of tools and best practices from which to draw as they design their own strategy to win the war for talent. Bibliography Interaction with my own friends who are into hiring…from across the globe Inputs from the Research Team of 07/09 Management Consultants. Other books referred are: 1. The Talent Management Handbook: Creating Organizational Excellence by Identifying, Developing, and Promoting Your Best People (Hardcover)
by Lance A. Berger, Dorothy R. Berger
The Top 10 Steps for Organizing Your Office/Workspace quiring a new customer), so Talent Acquisition involves all the sub-processes around finding, attracting and engaging highly talented individuals into your organization.Do you run late for meetings, misplace keys, files, important documents, or other items, run afoul of deadlines, or forget appointments? If so, you're not alone. Americans lose/waste nine (9) million hours per day looking for misplaced items, according to the American Demographics Society. If this is an area of challenge for you, follow the 10 simple steps below and get your work environment organized once and for all!1. Think at a helicopter level and identify the major categories of items to be kept in your office/workspace. Limit the number of categories to a maximum of 7 or 8. For example: 1) operational items - phone numbers, expense reports, instructions and procedures, 2) customer files, 3) product samples, 4) tax and legal - contracts and receipts, 5) reading, 6) tools - assessments and articles, and 7) future projects.2. Sort every item, every piece of paper, every file in your office/workspace into the piles that represent the major categories identified in step #1. Start with all visible items, then move to the items stored in drawers, file cabinets and overhead bins. If you have an extraordinary amount of material to categorize, you might want to get a large box for each category so your piles don't get mixed up.3. Cull each category. Be determined to eliminate everything but the absolute necessities. Dispose of old and unwanted items by pitching them, giving them to someone else, selling or donating them, or sending them to storage.4. Organize the balance of items in each category. Put items in date order, alphabetical order, number order, or subject matter order. If organizing by subject matter, consider putting each subject into a separate file folder.5. Make a little cheat sheet or outline of the major categories you're using and the types of materials and subcategories contained in each. This will serve as a future reference as to where you have stored items.6. Appoint a place to store each category. Consider the size of each category, how frequently you will be accessing each cat Origin of the “Concept” of Talent Acquisition Let's take a closer look at the way traditional recruitment is re-emerging as a broader 'talent acquisition' concept - An approach that is becoming more and more critical in the 'War for Talent'. Just exactly how does this differ from 'plain vanilla' recruitment? Well, in a considerable number of ways. First and foremost, 'talent acquisition' forms a part of a much broader strategic approach in the corporate quest to gain and sustain a competitive advantage in today's marketplace. Other aspects include talent development, retention and transition, these are primarily inward facing, whilst the former is outward looking. The core concept of talent acquisition is to get away from the 'fill in the box' thinking to one that is more pro-active and much closer to building the skill sets required to achieve business success. Traditionally, a recruitment need occurs when an individual either leaves or is promoted to another function. That's when panic can set in, especially if no suitable internal solution is found, a situation that is becoming known as - "under the bus syndrome". Strong relationship building or networking skills are important here. The key to success in talent acquisition is the unique way that you are able to tap into the 'top performers' who are not really looking for another job. They never read the traditional job ads or go to the job boards on the Internet. Encouraging your own 'star' players to identify other outside top performers is an extremely powerful tool that is being used more and more. Corporations are offering a wide range of rewards in order to get these names and then act on them. Once the talent has been identified, the next stage is to start building on-going relationships and look for that all elusive 'trigger point' in someone's career that would get them to change jobs. This can be a number of things but it is often a negative experience or an outstanding opportunity. Gathering intelligence from their 'friends' and from previous market research will help in uncovering exactly what excites top players. Educating line managers that talent acquisition must also be an every day duty is also a success criterion. Most managers, rightly so, look at hiring only when there is a 'box' vacant on a purely transactional basis. Today's top talent has a very short shelf life; therefore you must have a sense of urgency in bringing them aboard, a job opening or no job opening. This tactic is considered very risky by some managers, but at the end of the day not making an offer the day a 'top' performer comes to the job market, you will most certainly loose them. Usually bringing in top management (CEO, CFO, COO, etc.) in the relationship building process helps considerably in influencing the 'star' performer. Money is of course essential in the talent acquisition quest, but it's not the only element. Many corporations are using traditional job classification and job grading systems in order to remain competitive in the 'cash compensation' side. Being able to mould an opportunity and make it exciting will also attract top performers, the notion of "a la carte" job descriptions is becoming more and more adopted as a way of finding the "hot button", and excite people enough to make the move. Benefits and perks are at the fore here with long-term incentives such as stock options, being widely used. The work/life concept will also have an impact, a lot of corporations talk about this element but not many have fully embraced it. Others look at it from an investment banker perspective and view potential 'top performers' as they would any targeted acquisition, some people are even thinking of attributing P/E ratio values to top talent. Just think for one moment at that analogy, the talent marketplace becomes the equivalent of the NASDAQ or DowJones and the attractiveness of top talent will vary according to their performance relative to peers and the value added they can bring. Perhaps in the future you will see talent 'indexes' being used. That will prove to be more and more essential in giving corporations a leading edge and competitive advantage over others. If you have it you will be one of the survivors, if not then a 'market correction' may be soon be coming your way. What is difference between “Recruitment” and “Talent Acquisition”? One of the most frequently asked questions is “What’s the difference between ‘Recruiting’ and ‘Strategic Talent Acquisition’?” The easy part of the answer is to define “recruiting”. It is nothing more than filling open positions. It is an entirely tactical event. The more complex part of the answer is the definition of “Strategic Talent Acquisition”. Strategic Talent Acquisition takes a long-term view of not only filling positions today, but also using the candidates that come out of a recruiting campaign as a means to fill similar positions in the future. These future positions may be identifiable today by looking at the succession management plan, or by analyzing the history of attrition for certain positions. This makes it easy to predict that specific openings will occur at a pre-determined period in time. In the most enlightened cases of Strategic Talent Acquisition, clients will recruit today for positions that do not even exist today but are expected to become available in the future. Taking the long term strategic approach to talent acquisition has a huge impact on how an approach is made to a candidate. If the approach is purely tactical in nature, all we ask of the prospective candidate is “are you qualified and interested?” However, if the approach is more strategic in nature, the intent of the call is to go much further, and the conversation becomes more relationship building. The candidate has an opportunity to explain his/her future career aspirations, and the recruiter gathers enough information to determine if there is a potential fit in the client organization. If during a strategic recruiting call the candidate declares that they are both qualified and interested, then the tactical nature of the call has been automatically fulfilled. If, however, the candidate lacks sufficient experience, or the timing for a career move is not propitious, then they become candidates for the future, and all the recruiter has to do is keep in touch until either they become available, or a position with the client organization opens up. Most of the money spent on Strategic Talent Acquisition would have been spent in a tactical recruiting mandate anyway. The only additional cost is in collecting data on high-potential candidates and then keeping in touch with them until hire is made. The additional cost becomes insignificant compared to the value of hiring top competitive talent over time. Strategic Talent Acquisition allows us access to a pool of competitive talent that would otherwise have been missed or even worse, ignored. Clearly the business case for acquiring talent strategically is far more compelling than simply paying to fill positions today. What we are doing is adding a small incremental effort, in exchange for a huge potential reward. Importance of Talent Acquisition • Understanding workforce demographics (current and future)
Linking Organizational Strategy to HR Strategy • Understanding the organizational strategy
Designing and Implementing a Talent Acquisition Strategy • What is an Employer of Choice?
Talent Acquisition – As A Strategy Historically organizations have not treated the recruitment process as one of strategic importance, but latterly many are now waking up to the reality that the world has changed dramatically. No more can the organization pick and choose between several great candidates for one position. Several changes in our connected world have tipped the scales in favor of the highly talented individual looking for a new opportunity. Firstly, of course, there is the Internet. Never before in the history of humankind, has there been such an enabling technology. Candidates can now advertise their desire to change jobs within minutes of making the decision and receive enquires about their talents within hours. Potentially, it is feasible that a high quality employee of yours, having received the final 'straw which broke the camels back' (bad appraisal, inappropriate negative response from boss, extra workload stress etc.) can post their CV/Resume up on a particular jobs board at midday today, receive three interested requests for contact with third party recruiters or headhunters within hours, be interviewed for an outstanding role (at one of your competitors) tomorrow, receive an offer in writing the following day and resign that afternoon (within 2 days). Scary, isn't it? But if the Internet has enabled this process for candidates, it has also brought significant advantages for organizations. Direct access to the candidate market Now organizations can go direct to the candidate market, thereby cutting the time it takes to find the right people, whilst dramatically reducing their recruitment costs. However, simply posting up jobs on various jobs boards is not the answer. Best Practice Process Instead, based on all the research we have compiled over the last 18 months, we believe that Talent Acquisition needs to be addressed at the most senior levels within all organizations - big or small, public or private. This means that Talent Acquisition needs to fit 'hand in glove' with your overall organizational strategy. It needs to have the appropriate level of resources behind it; it needs to be monitored and reported on at all board meetings and it needs to involve many people within the organization who attribute to it the importance that the organization requires. But don't despair, given the correct focus we can help ensure that your organization becomes and employer of choice' in this brave new world. The realities of today’s demographics have elevated the issue of talent attraction and retention to become a critical leadership concern, receiving significant attention. Given the projected labor market and demographic trends, an organization’s approach to talent acquisition can become a key differentiator and source of competitive advantage. The changing market has revealed that prevailing “one size fits all” HR practices are no longer effective. Organizations must develop specific people strategies for their most critical segments that directly align with and support the business strategy. While individual approaches are customized to the needs of each organization, all approaches are based on key critical success factors. This course focuses on the issues and challenges organizations face in attracting and retaining key talent. While introducing participants to emerging recruitment trends in the industry, this course will also provide participants with a selection of tools and best practices from which to draw as they design their own strategy to win the war for talent. Bibliography Interaction with my own friends who are into hiring…from across the globe Inputs from the Research Team of 07/09 Management Consultants. Other books referred are: 1. The Talent Management Handbook: Creating Organizational Excellence by Identifying, Developing, and Promoting Your Best People (Hardcover)
by Lance A. Berger, Dorothy R. Berger
Top 10 Tips To Find A New Accountant an opportunity and make it exciting will also attract top performers, the notion of "a la carte" job descriptions is becoming more and more adopted as a way of finding the "hot button", and excite people enough to make the move. Benefits and perks are at the fore here with long-term incentives such as stock options, being widely used. The work/life concept will also have an impact, a lot of corporations talk about this element but not many have fully embraced it. Others look at it from an investment banker perspective and view potential 'top performers' as they would any targeted acquisition, some people are even thinking of attributing P/E ratio values to top talent. Just think for one moment at that analogy, the talent marketplace becomes the equivalent of the NASDAQ or DowJones and the attractiveness of top talent will vary according to their performance relative to peers and the value added they can bring. Perhaps in the future you will see talent 'indexes' being used.Choosing the wrong accountant can be an easy mistake to make, well yes, an easy mistake but one that's easily avoided as well. The wrong accountant could be detrimental to your business and very often too many business owners spend too little time to find the right accountant, just because they don't have the time! This is why we would like to offer our Top 10 Tips to Find A New Accountant:Invest time in finding the right accountant. It's a long-term relationship!Tell them what you are planning to do and check whether they offer the services you will need to build your business.First meetings arranged through Focus are FREE so check in advance to make sure first meetings are FREE of charge.Does the practice have experience of your sector and type of business?Look for a practice which is similar in size to yours; they will be more understanding about the issues and problems you will face.Ask to speak to existing clients' (testimonials & references are important).Tell the accountant what you are planning to do and check whether they offer the services you will need to build your business.Is the practice proactive; do they aim to spot opportunities to improve your company profitability as well identifying tax savings when they arise?Do you get on with this person; is this someone you can work with? Do you feel happy that he or she will be able to help you develop your business?Are fees fixed each year? When are they payable? Are there hidden costs? That will prove to be more and more essential in giving corporations a leading edge and competitive advantage over others. If you have it you will be one of the survivors, if not then a 'market correction' may be soon be coming your way. What is difference between “Recruitment” and “Talent Acquisition”? One of the most frequently asked questions is “What’s the difference between ‘Recruiting’ and ‘Strategic Talent Acquisition’?” The easy part of the answer is to define “recruiting”. It is nothing more than filling open positions. It is an entirely tactical event. The more complex part of the answer is the definition of “Strategic Talent Acquisition”. Strategic Talent Acquisition takes a long-term view of not only filling positions today, but also using the candidates that come out of a recruiting campaign as a means to fill similar positions in the future. These future positions may be identifiable today by looking at the succession management plan, or by analyzing the history of attrition for certain positions. This makes it easy to predict that specific openings will occur at a pre-determined period in time. In the most enlightened cases of Strategic Talent Acquisition, clients will recruit today for positions that do not even exist today but are expected to become available in the future. Taking the long term strategic approach to talent acquisition has a huge impact on how an approach is made to a candidate. If the approach is purely tactical in nature, all we ask of the prospective candidate is “are you qualified and interested?” However, if the approach is more strategic in nature, the intent of the call is to go much further, and the conversation becomes more relationship building. The candidate has an opportunity to explain his/her future career aspirations, and the recruiter gathers enough information to determine if there is a potential fit in the client organization. If during a strategic recruiting call the candidate declares that they are both qualified and interested, then the tactical nature of the call has been automatically fulfilled. If, however, the candidate lacks sufficient experience, or the timing for a career move is not propitious, then they become candidates for the future, and all the recruiter has to do is keep in touch until either they become available, or a position with the client organization opens up. Most of the money spent on Strategic Talent Acquisition would have been spent in a tactical recruiting mandate anyway. The only additional cost is in collecting data on high-potential candidates and then keeping in touch with them until hire is made. The additional cost becomes insignificant compared to the value of hiring top competitive talent over time. Strategic Talent Acquisition allows us access to a pool of competitive talent that would otherwise have been missed or even worse, ignored. Clearly the business case for acquiring talent strategically is far more compelling than simply paying to fill positions today. What we are doing is adding a small incremental effort, in exchange for a huge potential reward. Importance of Talent Acquisition • Understanding workforce demographics (current and future)
Linking Organizational Strategy to HR Strategy • Understanding the organizational strategy
Designing and Implementing a Talent Acquisition Strategy • What is an Employer of Choice?
Talent Acquisition – As A Strategy Historically organizations have not treated the recruitment process as one of strategic importance, but latterly many are now waking up to the reality that the world has changed dramatically. No more can the organization pick and choose between several great candidates for one position. Several changes in our connected world have tipped the scales in favor of the highly talented individual looking for a new opportunity. Firstly, of course, there is the Internet. Never before in the history of humankind, has there been such an enabling technology. Candidates can now advertise their desire to change jobs within minutes of making the decision and receive enquires about their talents within hours. Potentially, it is feasible that a high quality employee of yours, having received the final 'straw which broke the camels back' (bad appraisal, inappropriate negative response from boss, extra workload stress etc.) can post their CV/Resume up on a particular jobs board at midday today, receive three interested requests for contact with third party recruiters or headhunters within hours, be interviewed for an outstanding role (at one of your competitors) tomorrow, receive an offer in writing the following day and resign that afternoon (within 2 days). Scary, isn't it? But if the Internet has enabled this process for candidates, it has also brought significant advantages for organizations. Direct access to the candidate market Now organizations can go direct to the candidate market, thereby cutting the time it takes to find the right people, whilst dramatically reducing their recruitment costs. However, simply posting up jobs on various jobs boards is not the answer. Best Practice Process Instead, based on all the research we have compiled over the last 18 months, we believe that Talent Acquisition needs to be addressed at the most senior levels within all organizations - big or small, public or private. This means that Talent Acquisition needs to fit 'hand in glove' with your overall organizational strategy. It needs to have the appropriate level of resources behind it; it needs to be monitored and reported on at all board meetings and it needs to involve many people within the organization who attribute to it the importance that the organization requires. But don't despair, given the correct focus we can help ensure that your organization becomes and employer of choice' in this brave new world. The realities of today’s demographics have elevated the issue of talent attraction and retention to become a critical leadership concern, receiving significant attention. Given the projected labor market and demographic trends, an organization’s approach to talent acquisition can become a key differentiator and source of competitive advantage. The changing market has revealed that prevailing “one size fits all” HR practices are no longer effective. Organizations must develop specific people strategies for their most critical segments that directly align with and support the business strategy. While individual approaches are customized to the needs of each organization, all approaches are based on key critical success factors. This course focuses on the issues and challenges organizations face in attracting and retaining key talent. While introducing participants to emerging recruitment trends in the industry, this course will also provide participants with a selection of tools and best practices from which to draw as they design their own strategy to win the war for talent. Bibliography Interaction with my own friends who are into hiring…from across the globe Inputs from the Research Team of 07/09 Management Consultants. Other books referred are: 1. The Talent Management Handbook: Creating Organizational Excellence by Identifying, Developing, and Promoting Your Best People (Hardcover)
by Lance A. Berger, Dorothy R. Berger
Affiliate Marketing For Profit - Part 2 recruiter has to do is keep in touch until either they become available, or a position with the client organization opens up.In part one of this topic I described some of the basic concepts of affiliate marketing. I hope you’ve had a chance to research some of the topics presented as I’m going to explain a few of the more “advanced” concepts associated with affiliate marketing.At this point you should have already selected a topic of interest, pursued the market opportunities available, and begun thinking about products that you can market. As I mentioned in part one affiliate marketing is a great home business to begin because it requires such a small initial investment. You’ve probably not spent any money whatsoever and you’re already well on your way to opening your own business.My suggestion is to next begin researching available web hosting sites. Along with this you might also begin thinking about a suitable domain name where your business will reside. When you’re just starting out, you may be able to get by with a “free host”. However, note that many search engines will not list these sites. Do yourself a favor and spend the $10/month it takes to get your own paid hosting account. One suggestion of a reputable company is HostGator. They perform all of my hosting duties and I’ve had no issues. Another popular choice is GoDaddy; along with their well-known domain name services they also provide hosting accounts.After you’ve gotten your hosting account and domain name it’s time to begin building your website. Personally, I use Microsoft FrontPage for all of my home business projects. True, it’s not very fancy but it does the trick for what I need. If you’re not familiar with HTML or more advanced scripting options, FrontPage is a great way to get started. In addition, many hosting accounts provide a fee “website creator” that will allow you to upload pictures, text, and other graphics to your website. If you’re not familiar with FrontPage you may wish to look into this option.After you’ve finished building your basic website it’s time to begin signing up with affiliate programs. I typically use Commission Junction to find most of my Most of the money spent on Strategic Talent Acquisition would have been spent in a tactical recruiting mandate anyway. The only additional cost is in collecting data on high-potential candidates and then keeping in touch with them until hire is made. The additional cost becomes insignificant compared to the value of hiring top competitive talent over time. Strategic Talent Acquisition allows us access to a pool of competitive talent that would otherwise have been missed or even worse, ignored. Clearly the business case for acquiring talent strategically is far more compelling than simply paying to fill positions today. What we are doing is adding a small incremental effort, in exchange for a huge potential reward. Importance of Talent Acquisition • Understanding workforce demographics (current and future)
Linking Organizational Strategy to HR Strategy • Understanding the organizational strategy
Designing and Implementing a Talent Acquisition Strategy • What is an Employer of Choice?
Talent Acquisition – As A Strategy Historically organizations have not treated the recruitment process as one of strategic importance, but latterly many are now waking up to the reality that the world has changed dramatically. No more can the organization pick and choose between several great candidates for one position. Several changes in our connected world have tipped the scales in favor of the highly talented individual looking for a new opportunity. Firstly, of course, there is the Internet. Never before in the history of humankind, has there been such an enabling technology. Candidates can now advertise their desire to change jobs within minutes of making the decision and receive enquires about their talents within hours. Potentially, it is feasible that a high quality employee of yours, having received the final 'straw which broke the camels back' (bad appraisal, inappropriate negative response from boss, extra workload stress etc.) can post their CV/Resume up on a particular jobs board at midday today, receive three interested requests for contact with third party recruiters or headhunters within hours, be interviewed for an outstanding role (at one of your competitors) tomorrow, receive an offer in writing the following day and resign that afternoon (within 2 days). Scary, isn't it? But if the Internet has enabled this process for candidates, it has also brought significant advantages for organizations. Direct access to the candidate market Now organizations can go direct to the candidate market, thereby cutting the time it takes to find the right people, whilst dramatically reducing their recruitment costs. However, simply posting up jobs on various jobs boards is not the answer. Best Practice Process Instead, based on all the research we have compiled over the last 18 months, we believe that Talent Acquisition needs to be addressed at the most senior levels within all organizations - big or small, public or private. This means that Talent Acquisition needs to fit 'hand in glove' with your overall organizational strategy. It needs to have the appropriate level of resources behind it; it needs to be monitored and reported on at all board meetings and it needs to involve many people within the organization who attribute to it the importance that the organization requires. But don't despair, given the correct focus we can help ensure that your organization becomes and employer of choice' in this brave new world. The realities of today’s demographics have elevated the issue of talent attraction and retention to become a critical leadership concern, receiving significant attention. Given the projected labor market and demographic trends, an organization’s approach to talent acquisition can become a key differentiator and source of competitive advantage. The changing market has revealed that prevailing “one size fits all” HR practices are no longer effective. Organizations must develop specific people strategies for their most critical segments that directly align with and support the business strategy. While individual approaches are customized to the needs of each organization, all approaches are based on key critical success factors. This course focuses on the issues and challenges organizations face in attracting and retaining key talent. While introducing participants to emerging recruitment trends in the industry, this course will also provide participants with a selection of tools and best practices from which to draw as they design their own strategy to win the war for talent. Bibliography Interaction with my own friends who are into hiring…from across the globe Inputs from the Research Team of 07/09 Management Consultants. Other books referred are: 1. The Talent Management Handbook: Creating Organizational Excellence by Identifying, Developing, and Promoting Your Best People (Hardcover)
by Lance A. Berger, Dorothy R. Berger
So You Want to Be a Trucker ke the camels back' (bad appraisal, inappropriate negative response from boss, extra workload stress etc.) can post their CV/Resume up on a particular jobs board at midday today, receive three interested requests for contact with third party recruiters or headhunters within hours, be interviewed for an outstanding role (at one of your competitors) tomorrow, receive an offer in writing the following day and resign that afternoon (within 2 days). Scary, isn't it?
But if the Internet has enabled this process for candidates, it has also brought significant advantages for organizations.Unemployed? Tired of your job? Want a change of lifestyle?If so, you may have noticed the ads for truck drivers. Advertisements for truck drivers are everywhere."Experienced drivers needed.""New graduates hired."You see them in newspapers, on billboards, even 800 numbers on the back of trucks. And, along with employment ads for drivers are advertisements for trucking schools.So, for the person with no experience driving a truck, what does it take to get trained and get a job in the industry? And once you have that job, what's the day-to-day life of a working truck driver like?And, of course, the very important question – how much money can you make?This article answers the above questions. However, this article targets persons who want to drive Class A equipment. Class A equipment consists of a tractor and one or more trailers attached to it, which can be hooked and unhooked. Class A does not include school busses, dump trucks, and other unibody trucks.In order to drive Class A equipment commercially, you are required to obtain a Class A driver's license, from your state of residence. This is also called a Class A Commercial Drivers License, abbreviated CDL.Nearly everyone who gets a Class A CDL attends some sort of a driving school. There are various options for driving school. Many state community colleges have CDL Training Programs. There are also independent CDL driving Schools, which will compress your training into an intensive 3 or 4 week period of time. Also, several of the larger trucking companies (Swift Transportation for example) operate their own CDL Driving Schools, in order to train drivers for employment.Normally, the companies that operate their own training programs will loan you the cost of your training, and they will pay off the loan, provided you work for them for some period of time after graduating – generally 12 to 24 months.Because of the desperate need for new truck drivers, similar arrangements for tuition reimbursement can often be worked ou Direct access to the candidate market Now organizations can go direct to the candidate market, thereby cutting the time it takes to find the right people, whilst dramatically reducing their recruitment costs. However, simply posting up jobs on various jobs boards is not the answer. Best Practice Process Instead, based on all the research we have compiled over the last 18 months, we believe that Talent Acquisition needs to be addressed at the most senior levels within all organizations - big or small, public or private. This means that Talent Acquisition needs to fit 'hand in glove' with your overall organizational strategy. It needs to have the appropriate level of resources behind it; it needs to be monitored and reported on at all board meetings and it needs to involve many people within the organization who attribute to it the importance that the organization requires. But don't despair, given the correct focus we can help ensure that your organization becomes and employer of choice' in this brave new world. The realities of today’s demographics have elevated the issue of talent attraction and retention to become a critical leadership concern, receiving significant attention. Given the projected labor market and demographic trends, an organization’s approach to talent acquisition can become a key differentiator and source of competitive advantage. The changing market has revealed that prevailing “one size fits all” HR practices are no longer effective. Organizations must develop specific people strategies for their most critical segments that directly align with and support the business strategy. While individual approaches are customized to the needs of each organization, all approaches are based on key critical success factors. This course focuses on the issues and challenges organizations face in attracting and retaining key talent. While introducing participants to emerging recruitment trends in the industry, this course will also provide participants with a selection of tools and best practices from which to draw as they design their own strategy to win the war for talent. Bibliography Interaction with my own friends who are into hiring…from across the globe Inputs from the Research Team of 07/09 Management Consultants. Other books referred are: 1. The Talent Management Handbook: Creating Organizational Excellence by Identifying, Developing, and Promoting Your Best People (Hardcover)
by Lance A. Berger, Dorothy R. Berger
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