Hiring the Right Talent For Your Business
In a word, the importance of hiring the right talent for your business is – critical. My mantra with the business community and my clients is, “get the right people, in the right seats, doing the right things, at the right time, for the right reasons and you win! Don’t, and its struggle and strife.”
It’s been said that the number one skill a leader committed to growth must develop is the ability to attract, recruit, retain and develop talent. When this is done correctly, it can make all the difference in the world.
The challenge is how to go about that.
The business climate has shifted dramatically in the last few years from an employer’s marketplace to an employee’s marketplace. Employers are racing one another to attract talent. This can prove to be challenging for two reasons. Firstly, with the economic downturn behind us, businesses are growing again and their need for talent is also growing. Second, new graduates, who used to be ideal candidates for entry-level jobs, have their sights set on being entrepreneurs; they do not want to work for someone else.
In the era of startups, entrepreneur boot camps and kick-starter campaigns the younger generation is voicing how they don’t want to work for employers that won’t appreciate them or allow them to grow, they want to work for themselves. The reality is that the “Cinderella” story of 20-something entrepreneurs who were able to create a successful business are far and few in between. Yet, people won’t know if they have what it takes until they try, keeping them out of the labor pool for your entry level positions.
Getting the right person in your business for the right job may mean you’ll need to innovate your business model to allow the talent to benefit from the growth they help generate. This is sometimes referred to as intrapreneurship, increasing employee engagement having them excited about their role as well as your company, which in turn increases productivity. I believe the traditional model of employment will be obsolete within my lifetime. To have employees engage in thinking as an owner to drive productivity, innovation and profitability, employees will be looking to be remunerated for their additional efforts. Your willingness to embrace this idea will set you head and shoulders about your competitors in attracting and retaining talent since their ability to grow within you organization is limitless.
I’m also a big fan of bringing in interns and we’ve been very successful in utilizing their skills and hiring them directly. With a properly set up training program for interns we can experience their work ethic, cultural fit, ability to learn, skill sets and so on and they in turn evaluate us as a fit for what they’re looking for. It’s a win/win.
Once you have taken the time to bring on the right employee, be sure you take the proper steps to retain them. It is extremely important to know your employee’s natural talents, how they’re wired, so you can provide those opportunities in which they will flourish. Pay them fair market value. Incentivize them and challenge them, let them know how they will be measured in terms of their performance, train and develop them according to their interests and strengths. It may sound like a lot of work and quite frankly it is, however when all of this falls into place, you’ll come out on top in the race for talent.
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About Jody Johnson
Miami native, Jody Johnson, has dedicated her life to making an impact on the community around her. It was this dedication to making a difference that led her to co-found what is now South Florida’s leading business coaching firm, ActionCOACH Team Sage, in 2006. Together with her partner, Douglas Barra, Jody established the vision for…