What happens when a big revolution is about to rise. When it is about to crash or climb to its top. Does it happen all at once?
No.
It happens slowly. Only those who sit and examine can interpret this circumstance.
Similarly stands the dilemma with the Future of work. This process is in the building stage. Ace Seekers’ leading expert, who is scrutinizing and monitoring these developments are giving their beliefs on this workforce shift, and when you ask who is to benefit. The answer is both the organization and the candidate.
As presented in our earlier article: HOW FUTURE OF WORK WILL BE THE FUTURE OF YOUR COMPANY in 2020? Two things are transforming the workplace that is Artificial intelligence, and Talent management. We confine our consideration in this article to Talent management.
Problems of Big and Small Organisation regarding talent.
The drawback in the present work
Benefits of the Future of Work
How can you adapt to this change
Problems of Big and Small Organisation regarding talent.
Let’s consider these Scenarios –
“I am worried, I have to cancel the meeting today as three employees have left and I have to go to the office to consult the staffing issue.”
“Our start-up team is small, we are hiring on a full scale, but the work is moving slowly, so new hires are vacant most of the time.”
“Our senior team leader, She used to manage everything, knows with a huge gap in knowledge transfer it is getting difficult day by day.”
“No one is accomplished quite to handle our new project. What should I do now, should I hire to meet this new requirement? ”
These are the general comments we listen to daily. All the above problems are associated with talent issues. These problems happen to be time-consuming. When you have to draw, nurture, and preserve the employee, and replace the one who isn’t matching up with your current project requirements.
Apart from hiring and firing the employee, the organization also has to be especially critical for regulating the internal employee to a skillful level. To such extent that the candidate feels to be part of something bigger, to the vision and mission of the organization. Making him reach this point is your management teams’ job. It is all backed up with this simple concept that Talent Management is not limited to one area and is related to the whole organization.
Not concentrating on these problems can influence the organization to enormous losses in cost, productivity, and control.
The drawback in the present work –
New employees cost the company 30-60% more than the existing ones in terms of compensation. The additional cost which the organization bears is training and strengthening the individual. The process of recruitments itself demands a cost to investing both time and money via advertisement, dealing with the employee, shortlisting and selecting. Sometimes one has to compromise when the requirement is urgent.
Here are additional disadvantages to the present work.
Mismanagement of Employee Data – To select the employee from a huge talent pool and place it at the right spot can be an immense task. A great talent management company is required to fix this issue. Companies that implement executive search programs are capable of fixing the top employee as per your demand.
Lack of Strategic Hiring Process – A healthy strategy can do miracles to make any task accessible for the organization. Lacking and spending too much time in finding the right talent shall not only damage the speed but also the coordination inside the company.
Let the talent management services continue to do the task on your behalf. Tasks that relate to posting job descriptions, tracking applicants and making it easy to manage offers.
Losing Top Talent – Losing on to top talent can be tough and can be a huge drawback to the organization.
Communication issues Employee and Manager Engagement – This can be an important issue as the employee finds disassociated with the company and the department.
Benefits of Talent management services –
Better hiring methodologies – “Companies are as prosperous as the personalities within them” Talent at the top and the bottom can substitute the entire dynamics of your organization. This is one reason why talent management programs and hiring assessments have become the internal part of the organization. Proper placement of the right projects and a good payroll service can benefit the entire system.
Retain the best employees – With the shift in the global economy retaining top employees is one of the most essential tasks for leadership and extension in the marketplace. Companies that fail to keep up with top talent are left behind by their competition. With proper talent management services, you must understand how to meet the growth of the employee financially and skillfully. You shall also understand To keep them in the loop and updated on the project strategies.
Improved employee growth – Your employees are the ones who lead your organization tomorrow. With proper tracking and monitoring of the needs of the candidate, you can relax with the improved growth. They are ready to give back to the organization, helping them become better professionals.
Build more trust in the company – Build trust in the employee to build trust in your company. A good talent management team can handle this task with ease. A proper talent program to the performance to meet the needs of the organization as well the employees can help grow their bond in the company.
A large number of studies have demonstrated that organizations that hire talent and competency management methods exceed those who don’t in customer satisfaction, revenue per employee, and efficiency. A proactive strategy can build organizational capability and trust. It isn’t as difficult or time-consuming as you might think.
How can you adapt to this change
Ace Seekers are the leader in Talent management and workforce optimization that exist to Empower Corporations On How To Attract, Engage and Hold On To The Right Talent. With the expert of these organizations, one can move by 10X rate when in the right direction with regards to talent acquisition. Other services provided by AceSeeker are Executive Search, Payroll services, Contract Staffing, and Professional services.
