Three Strategies for Recruiting and Retaining the best Talent in the Digital Technology Age
At knowledge- intensive organization, talent recruitment was always a challenge. In the digital age though, this problem has compounded thanks to constant changes both in the market place as well as among skills required by professionals. Three methods have been identified post a study conducted by research agency Robert Half in Australia. It has been noticed that millennials once satisfied tend to act as brand advocates and attract the best of others to the same firm. This sort of branding has to be developed in order to attract employee referrals. HR managers must acquaint themselves with business analytics and automation technologies. These will help managers track ever evolving satisfaction levels, the feedback loop, employee expectations and engagement level fluctuations. Finally, recruitment professionals must leverage online business service marketplaces which offer specialized services. This includes the likes of Upwork and Freelancer. These tools are especially useful for SMBs which have been noticed to be able to recruit five times faster with a fourth less cost than traditional means.
6.5 Million UK workers unhappy at Work
Business research conducted by Perkbox has found out that an astounding figure of thirty percent or over six million workers in the UK are unhappy with their current jobs. A major reason among a fourth of those polled is the lack or poor implementation or company perks and benefits. This is particularly a sore issues among young people between the ages of eighteen and twenty four who place an even greater emphasis on them. More than half the companies in the UK do not seem to have any system to reward the best performers. A simple “thank you” or greetings can do wonders for the purpose of talent management and retention as people feel motivated when encouraged. Men are more likely to voice out their frustrations to their seniors than women in similar cases.
source:http://www.consultant-news.com/article_display.aspx?ID=17036
Microsoft CEO Satya Nadella: “We are the Company that stands for builders, makers and Creators”
The CEO of Microsoft Mr. Satya Nadella has reaffirmed that Microsoft is a company which stands on the threshold of cutting edge business innovation. It has always supported people who develop new ideas and implement them. There are those who feel that Microsoft’s products are needed but not loved by the people, so Nadella pointed out Xbox with its soaring popularity. Another pointed out that Microsoft was less well known among young people than the other tech giants such as Google, Amazon, Apple or Facebook. To this Nadella replied that it was true that the mother rband was less well known, but its individual products such as Xbox and Minecraft. There are lots of fans of One Note or Excel, with the CEO himself being one of the latter. The bottom lines remains solid, and among global tech giants Microsoft stands third only behind Apple and Alphabet which is the parent company of Google.
source:http://www.geekwire.com/2016/microsoft-ceo-satya-nadella-company-stands-builders-makers-creators/
Give your team more effective Positive Feedback
The feedback loop is an important cog within the field of talent management. More of positive feedback invariably translates into improved productivity. It has been observed that well performing teams share six times more positive feedback internally than do others while poor performing teams share two times more of such negativity. The intent does not matter to the organization, but the effect of the feedback. In order to best deliver feedback, a leader must follow some basic tenets. It helps to work with a personality coach. Sometimes, methodologies may be tested on peers or friends. Also one must look out for focused feedback. The goal of such sessions must be understood clearly. The members must listen carefully to the proceedings. Also suggestions must be sought at such gatherings. The participants must make sure to graciously thank those delivering the session. This entire process must then be repeated involving more number of people.
Who wins in the Gig Economy, and who Loses
The career dream used to comprise of a full-time stable job so that company benefits can be availed and there is ample financial security. Yet the world has moved on from the jobs-oriented to the gig economy. People with specialized skills now no longer feel the need to work full-time under one umbrella but may pick up projects with several organizations. Benefits can also be availed as individuals with government schemes thriving. There have been some winners and also some losers of this purge. People with specific skills or expertise, or those with an entrepreneurial mindset and ability are doing well as they can leverage modern business innovations. Also those in the service sector’s low spectrum wage jobs can look for opportunities with the likes of Uber, Task Rabbit or Post-mates. Such jobs have low pay, but under the gig economy, such workers have greater control over their lives. Also among gainers include stay-at-home-parents, elderly, students, retired people or those with physical deformities.
What HR Manager really Want
Students looking to get in to their first jobs have a certain impression of the work place and create their shiny CVs accordingly. Yet a mismatch exists between parameters they place high on priority levels and those considered most important among HR managers as per the study commissioned by CEMS Global Alliance. With so much talk of digital disruption, a majority of students placed tech skills on top, but only a third of their potential recruiters agreed. The latter placed more importance on international assignments than the former did. They also disagree on amount of work to be targeted. The only aspect they agreed on was long working hours. Needless to say, talent recruitment is extremely challenging in such an environment
source:http://www.humanresourcesonline.net/what-hr-managers-really-want/
Asia’s most Social Media savvy Workforce
Asia has one of the highest social media penetration levels in the world. Thus a business consulting report presented by Compass confirms that some of the countries especially the developed ones of the APAC region see social media as their primary source of news. The number is the highest in Hong Kong where 60% of those surveyed confirmed that social media was their top source for news, more than news sites. Numbers are similarly high for the Philippines, Singapore and Vietnam. Even YouTube was second top source in the Philippines and Vietnam. In Singapore, more than half those polled claimed that they used Whatsapp as much as they used Facebook. Such trends provide massive business potential to media players to leverage social media.
source:http://www.humanresourcesonline.net/asias-most-social-media-savvy-workforce/