Talent. It’s the topic on every HR professional’s mind. Whether you’re charged with attracting, recruiting, hiring, onboarding, retaining, offboarding, or all of these, having the right talent at the right time in the right role is a growing challenge for HR leaders and organizations in every industry—and at a time when many HR leaders are being asked to reduce labor costs.
In this perfect storm for HR, employee turnover is rising as the availability of talent with relevant skills is shrinking, and the change is happening rapidly. To navigate to smoother waters, HR needs proper tools to reconcile the cost management, employee tenure, and organizational skills development.
Best-in-class companies are now shifting tacks by looking at long-term talent employability. A key component is having a talent mobility strategy that considers the overall value of retaining an employee who is already trained on organizational protocols, regardless of the continuity of their engagement with the firm.
Key takeaways include understanding:
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