The slide deck for breakout session for Carousel's AOS Event how to attract and retain Top Talent focusing on evolving workforce dynamics.

1. Patrick Halpin & Molly Kreis
May 18th, 2017
HOW TO ATTRACT AND
RETAIN TOP TALENT

2. • Understanding the Workforce
• Why Employees Leave
• Impact of Employee Turnover
• What is Your Talent Strategy?
• How Do We Attract Talent?
• How Do We Retain Talent?
A G E N D A

3. “Employees that
consistently perform
in the top 5%
of the workforce.”
W H A T I S “ T O P T A L E N T ” ?

4. H O W T O A T T R A C T A N D
R E T A I N T O P T A L E N T
In PWC 2017 survey of CEOs
Source: http://www.pwc.com/gx/en/services/people-organisation/publications/ceosurvey-talent-challenge.html
63%
of CEOs are
worried about finding
talent with the right
skills
93%
recognize the need
to change strategy
for talent
acquisition
61%
haven’t taken
the first step
34%
feel they are
prepared for the
challenge ahead

5. T O P T A L E N T C H A L L E N G E S
What are the challenges?
• Low unemployment 4.7%
• Increased jobs demand outpaces ability to
train skilled workers
• Skills gap—5.9 million jobs unfilled in July 2016
• 236,000 Visa petitions in 2017
• Global economy
• Agile and mobile
Source: Leading Indicators of National Employment (LINE) recruiting difficulty index

6. C H A N G I N G W O R K F O R C E
As of 2015 Millennials are the
LARGEST GENERATION in the Workforce
By 2025 Millennials Will Comprise
75% OF THE WORKFORCE
By Comparison Generation “X” Currently
Represents 16% OF THE WORKFORCE
Source: Bureau of Labor and
Statistics

7. E V O L V I N G W O R K F O R C E
Social Media
Platforms Drive
Change
BYOD Cloud Mobile
Disruptive
Technology

8. W H A T D O W O R K E R S W A N T
1. Feedback
2. Coaches vs. managers
3. Opportunity for growth (succession planning)
4. Work/life balance
5. Flexible work environments
6. Empowerment
7. Collaboration
8. Opportunity to make the world better
Financial Security
Collaboration
Stability

9. T O P R E A S O N S E M P L O Y E E S L E A V E
Source: https://www.glassdoor.com/press/employees-quit-glassdoor-economic-research/
Culture
(Poor Management)
Salary
Feeling
Stuck
Work Life
Balance

10. C O S T O F L O S I N G G O O D E M P L O Y E E S
The Cost to replace an employee may be as
high as 2.5X the employee’s actual salary
Estimated that employee turnover costs US
companies almost $30 billion per year.
Impact of Turnover
1. Company Performance
2. Revenue Loss
3. Administrative Costs
4. Recruiting Costs
5. Intellectual Property
6. Training
7. Competitive Impact
8. Employee Morale
Source: http://insights.dice.com/report/the-cost-of-bad-hiring-decisions/

11. H O W D O Y O U A T T R A C T T O P T A L E N T ?
How Much do you invest in attracting talent?
https://youtu.be/SDxLMZCvmWU
• Put intention behind your talent strategy
• Know your brand (Glassdoor.com)
• What’s your talent marketing strategy?
• Your employment brand is transparent
https://youtu.be/-LFjlrRQl88

12. Attract TOP TALENT to your company!
• Tell the story that makes you different
• Demonstrate your core values
• Develop best practices that will protect
your employee’s and your reputation
• Benefits that are unique and different
• Your employee satisfaction is your brand
M A G N E T I C E M P L O Y E R B R A N D

20. H O L D O N T O Y O U R T A L E N T
The workforce landscape is changing. You
need to design a Talent Management Strategy
that keeps top talent:
1. Flexible work schedules: forget the 9-5 paradigm
2. Invest in training opportunities
3. Focus on succession planning
4. Provide mentoring programs
5. Schedule one-on-ones

21. Patrick Halpin phalpin@carouselindustries.com
May 18th, 2017
QUESTIONS?