Thriving in talent management is crucial to sustain a strong foundation for your firm. HR professionals and firm management must stay on top of new trends to prevent disengaged employees and costly turnover.
Consider some of the latest trends in winning the war on talent management.
Hiring For the Future
Growing your firm requires securing great team members from the beginning. Hiring high-quality talent gets your business off the ground and builds the foundation for future success.
In addition to hiring exceptional talent, employers are trending towards incorporating in-house skill development. According to CareerBuilder’s 2013 Hiring Forecast, 39% of employers plan to hire employees for positions within their organizations and train them for the skills required in their particular industry.
When businesses need to fill a role, they typically start with an external search. The gap in plunging forward to external resources is found when internal employees are the closest source of talent. Internal team members are familiar with the existing firm culture, the business, clients and existing team members. Studies have shown internally hired employees reach competency in a new role 50% faster than external hires.
Hiring managers don’t have the time required to sort through employee talent profiles and candidate resumes in order to find the perfect fit. Talent matching is a critical tool filtering system, sending the top-matching candidates to the surface. Use of these systems will reduce time spent in decision making and reveal the best candidate based on multiple levels such as skill, knowledge, overall abilities and personality type.
Organizational Development and Human Capital
Andrea Schlapia, RCC™, HCS, sHRBP, is the Founder and CEO of Ironstone, which represents the culmination of her 20+ year career within the financial services industry. Her experience began as a financial advisor evolving into a consultant coach for advisors entering the field. This ignited her passion to support others through learning and development of best practices in order to achieve substantial results. To this end, she followed her desire into positions of senior-level practice management specialists for Dreyfus, Prudential, and DWS Investments prior to the realization of Ironstone. Andrea’s focus is on practice management strategies to enhance and improve both business and personal life.
Andrea identifies 4 key performance areas known as the Fundamental 4™, which are required to design, develop, and sustain a successful business. Through coaching sessions and speaking engagements, she captivates her audience with interactive, high-energy presentations which are built with “how-to” strategies resulting in real-world implementation for significant impact. Andrea has been featured in multiple publications and audio broadcasts as a specialist and distinguished spokeswoman in the financial industry.
What The Profit Teaches You About Your Financial Advisor Practice
I’m a huge fan of The Profit, a CNBC show centered around business guru Marcus Lemonis taking a struggling business and helping them turn it all around into profitability. Once he takes on a challenge and invests in their business, he now has skin in the game and deeply cares about getting their team on […]