Skip to main content

Creating A Talent Strategy – 5 Fundamental Steps - WalkWater Talent Advisors

Whether it was before the COVID-19 pandemic or after, every business has and will always be challenged to find the right talent for their company, in order to achieve long-term objectives. It certainly isn’t an easy task, especially when you have no strategy in place. A talent strategy is crucial for driving future success, just as much as any other strategy like marketing or financial strategies. It revolves around developing, recruiting, and retaining the right candidates on the job, those most apt to fill the talent gaps.

Having the right talent has become a huge concern, and if you’re going through the tide too, we’ll help you know the five basic fundamentals that you need to adopt if you’re looking to recruit the right talent for your organization. Or, you can always hire leading talent acquisition companies in India, one like WalkWater Talent Advisors, who know the ins and outs of the trade, and are well-versed with the right strategies to bring in the most fitting candidates for every kind of senior-level job.

Step 1 – Aligning the talent strategy with the current business strategy

First and foremost, the kind of strategy should be decided upon, with an agreement between the CEO and CHRO. It should be clearly decided whether the strategy will be based on operational excellence, innovation, organic growth, customer intimacy, or any other aspect. Having such a clear decision in place lays the groundwork for every critical decision that needs to be taken for closing the talent gaps and strengthening organizational capabilities.

Step 2 – Identifying the structure and culture of the organization

Depending upon the decision taken, the structure of the organizational operations need to be devised, and the culture to support the execution of a business strategy built. Adapting to every change and redesigning is of utmost importance in today’s times, thus rapid learning and embracement of new career demands need to be facilitated.

Step 3 – Identifying the most important job roles

The most pivotal job roles that can alter the quality and quantity of talent should be thoroughly identified, such as top executives, marketing heads, key managers, and the like. Then, depending upon the industry, there could also be other key roles like artificial intelligence specialists, software developers, real estate analysts, etc. Every country, every city, and every industry has its own set of pivotal roles, which must be identified.

Step 4 – Defining success profiles with specificity

Now that the talent pools are segmented based on the importance, the specific characteristics, skills, traits, competencies, experiences, and drivers need to be decided upon; those that are required for success in pivotal roles. Taking such a whole-person approach when recruiting candidates for such important positions creates the basis for improved talent management decisions. The success profile and employee value proposition should be aligned with specificity for pivotal roles.

Step 5 – Filling up the talent gaps

Once all of the information is in place, every gap in pivotal talent pools should be identified, so that they can be progressively filled.

Implementing these five steps into your recruiting strategy can help build effective plans and execute business strategies with excellence.

 

Labels:

Comments

Post a Comment

Popular posts from this blog

Talent Acquisition To Be Digital-Led Amidst The Pandemic - WalkWater Talent Advisors

Although Generation Y and Generation Z have adopted digitalization in almost every aspect of life such as searching, learning, communicating, reaching out, and shopping, the COVID-19 pandemic has resulted in an even more magnanimous usage of digital technologies. With everything locked down a few months back, and working from home being preferred, there has been a high adoption of digital devices in the last six months. Businesses have also shifted from their brick and mortar stores to work from home models. Initially, businesses struggled to adapt to this new normal, but they’re now slowly and steadily adjusting to this new way of working. Digital technologies have largely led the way to help make the shift. And, this shift is all set to have a huge impact on the hiring and talent acquisition activities as well. In fact, we can say that talent acquisition in the new normal will be digital-led. Enterprises must use this opportunity to reassess their talent acquisition strategy. After ...
Post a Comment
Read more

Rudimentary Rules for Working with a Retained Executive Search Firm - WalkWater Talent Advisors

Organizations are mostly partnering with retained search firms to search for candidates on their behalf, interviewing them before sending them for final decisions, presenting only the best candidates for the job. The benefits of partnering with the best executive search firms in India , one like WalkWater Talent Advisors , are many, but which can be reaped only when there are certain rules followed. There are no “jotted-down” rules for working with such firms, but we’ve listed down some very basic general rules, which if followed, can help you reap the most benefits. Invest enough time in communicating with the search firm Experienced search firms certainly have a lot of knowledge about your industry, and know everything about the best practices for bringing in the best candidates. But, that doesn’t mean you simply hand over a job specification and let them work over it all on their own. Instead, you must invest some time briefing them on the specific criteria for the job, the cultura...
Post a Comment
Read more

Executive Search Is More Than Just Search - WalkWater Talent Advisors

The success of a business depends on a variety of factors like the products, technologies, marketing strategies, and more. But, there’s one thing that goes behind building all of this, and that is, the team! No matter how big or small the enterprise is, no matter how many people are working within, no matter how many various kinds of job roles are there, the team is what decides on how effective and efficient the working of the organization is. It is “team work” that can help an organization grow and prosper. A company must thus have the best team handling the tasks. Appointing a team While appointing members for the team, there is a lot that needs to be considered, such as the qualification, experience, and aptitude. And, all of this becomes even more crucial when you’re hiring for senior-level positions. When appointing leaders, executives, managers, CEOs, directors, and the like, the considerations aren’t limited to the qualification and experience only. It goes beyond that to test ...
Post a Comment
Read more