How to know if you hiring great talent or not

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How to know if you hiring great talent or not

  1. 1. How to Know if You are Hiring Great Talent or Not? zalp.com
  2. 2. Hiring and retaining the best talent is as tough as it's ever been The fight for the best and brightest talent in the world is heating up; this is on account of a workforce that is far more exposed to new opportunities than ever before. Projections indicate that, for the first time in U.S. history, the number of younger workers entering the work force will not be adequate to replace those who are leaving. How to Know if You are Hiring Great Talent or Not ?
  3. 3. The starting organization is point to any successful Hiring the Right People Hiring great talent means greater productivity & profitability With the best technology and resources, an organization will struggle to achieve the requisite results without the right people. The contributions made by the right candidate in terms of productivity will far outweigh the cost of his salary How to Know if You are Hiring Great Talent or Not ?
  4. 4. The US, Department of Labour calculates that it costs half of a new hire’s annual salary to replace him. • These figures take into account cost of recruitment, selection and training According to a Harvard Business Review report, 80% of turnover is caused by bad hiring decisions • The figures do not include indirect losses such as decline in employee morale • Bad hiring is therefore a costly mistake Organizations and companies are faced with different challenges compared to those faced 10 or 15 years ago. • On the positive side, however, they do not have to restrict themselves only to their local pool. Access is now available to a far wider pool of candidates • Technology is the greatest enabler in the process of connecting companies with potential candidates. How to Know if You are Hiring Great Talent or Not ?
  5. 5. With these new recruitment practices and the far reaching implication of bad hiring, the recruiters must constantly ask themselves one question Am I hiring the Right People? How to Know if You are Hiring Great Talent or Not ?
  6. 6. 1. Analyse the job you want to fill A job analysis effectively evaluates the personal attributes required to execute the job role • This list is identified by breaking down a job into logical parts. • Each job task is analysed basis parameters such as skill, job knowledge and overall attitude When you know exactly what talents are required… You know what to look for and what to test for, then you know you are hiring great talent. How to Know if You are Hiring Great Talent or Not ?
  7. 7. 2. Focus on Employee Agility Employer Agility combines • IQ assessment – Technical ability • EQ evaluation – Cognitive and social ability An EQ evaluation offers a high probability index of how well an employee may fit into your organization. If you are using both, then you are hiring great talent How to Know if You are Hiring Great Talent or Not ?
  8. 8. 3. Use a Standardized Hiring Process If your standardized hiring process includes • Criteria-based screening of candidates • A thorough background check • Standardized assessments • Structured interviews …then you are likely to be hiring great talent Hiring based on your company’s work culture, ethos and future plans turns out to be more effective than hiring that is done based purely on candidate skills. How to Know if You are Hiring Great Talent or Not ?
  9. 9. How will a standardized process help? • Employees who are a good fit organizationally can be hard to find. • An employee you hire may be a good fit for your company but not for the specific position filled. • The key lies in being flexible and trying to move them to another position based on their strengths and experience. • Employees who understand the organizational culture & ethos are more likely to succeed than those that do not, even if they have the right skills. If an employee you hire proves to be a good fit for your company then you have hired great talent. How to Know if You are Hiring Great Talent or Not ?
  10. 10. 4. Hire for the future To ensure great hires you need to hire candidates who fit into your vision of the organization’s future rather than just today’s needs. Although a new employee has to make economic sense for today’s work, the best hires are people who are future ready and not just people who have skills to get work going today. If you hire for today’s need and tomorrow’s vision, then you are hiring great talent. How to Know if You are Hiring Great Talent or Not ?
  11. 11. 5. Create Great Candidates While experience may be a pre requisite it cannot be a substitute for a good cultural fit of the employee Small organizations that are constrained by lack of resources and brand power, may find it worthwhile to recruit new candidates and train them rather than poach on existing ones If you consider non- traditional candidates and engage the bright ones out there then you will create great talent. How to Know if You are Hiring Great Talent or Not ?
  12. 12. How to create great candidates? Consider Non-traditional Candidates Many a time unconventional solutions to problems come “Expand your definition of what a good hire entails – often the most promising candidates sit on the periphery of your sector.” from people who may have a ring side view of the situation. Efforts need to be made to meticulously engineer a diverse and effective team. Engage Candidates Having put together a worthy team, the task is to put together a conducive system which enables employee engagement How to Know if You are Hiring Great Talent or Not ?
  13. 13. 6. Inculcate a sense of Self Awareness • Periodic performance tracking and evaluation • Identify good employees and help them to improve their performance better • The employees should be motivated to be responsible and thus remain committed to their own improvement • Regular workshops and skill development helps the employee to be more confident in the work he does How to Know if You are Hiring Great Talent or Not ?
  14. 14. How to hire great talent If you If you hire people who • Use Psychometric Assessments • see the big picture • Apply an effective way to • are passionate about that picture manage, track and receive employee referrals. • can contribute to the overall company vision • Engage your new talent in a way to improve early performance • are better at getting things done and later reap the benefits …then you are hiring great talent. ...then you are hiring great talent. How to Know if You are Hiring Great Talent or Not ?
  15. 15. Sources • http://www.entrepreneur.com/article/78598#ixzz2iLLYtnNQ • 1oo + 1 Top Tips, Tools & Techniques to Attract & Recruit Top Talent, by Mel Kleiman. • http://thebuildnetwork.com/team-building/conductor-talentassessment/#sthash.QcUyNCZL.dpuf • http://blog.randstad.in/2013/07/how-do-you-hire-the-right-talentfor-your-business • http://www.forbes.com/sites/ashoka/2012/12/05/three-strategiesto-help-you-cope-with-the-talent-deficit/ • http://www.businessinsider.com/small-employer-finds-great-techtalent-2013-10#ixzz2iXLW7LIo Changing Times in Recruitment Technological Impact
  16. 16. About Zalp Empowered with breakthrough features that tap into the full potential of Social Media and an extremely user friendly interface, ZALP is every organization’s perfect Social Employee Referral and Social Recruiting Software. ZALP helps organizations boost their employee referral output by upto 72% %
  17. 17. Why Zalp 7 easy and convenient ways to refer The success of any employee referral program depends on one primary factor: Employee Participation ZALP gives employees not one but seven easy and convenient ways to make referrals. This ensures increased employee participation like never before. ZALP’s social media integrated features make the referral process for employees not only easy but also fun.
  18. 18. For more information, visit www.zalp.com To book a free demo, drop a mail to info@zalp.com www.linkedin.com/company/zalp www.facebook.com/zalp03 www.twitter.com/zalptweets You may also call us for any other assistance 1-866-217- 1267
  19. 19. Do you already have an Employee Referral Program? Get a personalized indexing report for your organization that helps you benchmark your referral program against industry leaders and understand key performance indicators better. Register now » ER-i is the first ever initiative on employee referrals that brings together recruitment leaders from all across the world to set the benchmarks of an employee referral program.

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