Winning Talent Management Strategies
Talent management consulting experts know that winning talent management strategies are about more than just recruiting the top talent you need to compete and thrive.
What to Do After the Candidate Accepts Your offer
While it is critical (and not easy) to attract and hire winning talent that fits with your unique culture, talent management consulting experiences tell us that the next steps of onboarding and assimilating new hires so new employees get involved quickly, feel productive and have a voice in planning their future with the company is even more important.
Unfortunately, too many organizations focus so much of their energy on competing for talent that they neglect to develop that talent once those new employees have been hired. What these companies don’t realize is that they have hired “A” players but are giving them only “D” level attention.
What Top Talent Craves
Top talent craves meaningful work, a high performance culture and a path upward that aligns with the overall company direction. If your talent feels unappreciated or under-valued, they will look elsewhere; you can ill afford to lose employees that matter. The current estimate on the cost for replacing an employee is approximately 1.3 times their salary. Are you ready to risk losing your top talent?
Three High Performance Talent Management Tips
Instead, here are three talent management consulting tips to keep top talent aboard and performing at their best:
1. Be Strategic In The Way You Utilize Talent
Based on your clear strategy for the business, both short- and long-term, place your talent where it will have the greatest positive impact. Match each high potential employee’s background, skills and inner-personal qualities with the specific job and performance environment you have determined is essential to company success. Share with them your rationale for the assignment and encourage their help in planning how they can best contribute.
2. Provide Targeted Development Opportunities
High potentials love to learn and grow. But irrelevant training is a waste of their time and your money. Be selective about the learning and development opportunities you offer. Each should have specific business objectives, learning objectives and immediate relevance to the job.
Then be you hold high performing employees accountable with performance metrics that are:
3. Stay Connected
Maintain regular communication with these critical employees. Of course, you want a high level of engagement throughout the company…but it is most important that you retain these top performers.
The Bottom Line
It is not enough to attract and hire the right employees if you want to outperform your peers through people. Success depends upon how well you engage and retain your top talent. Don’t stop trying to win them over once they accept your offer. Follow through on keeping your top talent engaged and committed to the organization.
If you want to learn more about how to onboard top talent, download 7 New Employee Orientation and Onboarding Best Practices for Speed to Productivity
4 Keys to Keeping Talent Up to Date
Why Employees Change Their Mind
We contacted LSA to help us with customized management development. LSA worked with me to identify a solution that would meet our exact needs. We decided to start at the top and ran the program for our executive team. It was such a great success that we hope to roll it out companywide. We look forward to a long-term partnership with LSA Global and their team of experts.
Barry L. Byrd, SPHR
Human Resources Manager
LSA has been a tremendous asset to my portfolio, both at my current company and my past company. As an HR leader, I am always looking for ways to find external resources that can provide a solution to our management training needs. LSA does that for me. Their solutions are presented in a much more leadership-oriented manner so as to be crisp, business relevant, and easy to apply right back on the job. I will continue to augment our programs using LSA solutions.
VP of Human Resources
LSA helped us design and deliver a blended learning solution for our leaders to help drive our growth plans in a way that aligned with our specific culture and values. LSA understood our business, had deep expertise in the content areas, tailored the programs to fit our specific needs, and delivered great results. They constantly strive to deliver business impact and align their solutions with our business initiates, culture, and performance management systems. I highly recommend them to anyone looking to take their leaders to the next level.”
Beth A. Taylor
Vice President of Human Resources
Avon’s success is dependent on strong relationships among our Customers, Representatives, Associates, and outside resources we hire to help us meet our business objectives. We were very pleased with the results from working with LSA Global to design and facilitate a custom program for our events management team. LSA demonstrated responsiveness, flexibility, and an innovative approach to working with us.
Senior Manager, HR Destiny Sales Region
What a personal and professional pleasure it has been to Partner with LSA. They are truly a strategic partner with Wyse. For more than 5 years, LSA has been engaged in delivering various training and development solutions for Wyse, from custom on-site programs targeting specific core competencies, to working individually with clients to build job skills, and offering invaluable services to me and my team as we continue to build our learning programs. LSA’s representatives do more than sell a product, they offer a full service solution: they understand our business, our strategic initiatives, and the needs of our customers.
Director of HR
We partnered with LSA Global to help us invest in our people in the areas of performance coaching, diversity, and inclusion. They focused on helping us succeed and were very flexible in meeting our specific needs. LSA Global exceeded my expectations from a speed, quality, and value standpoint. I would recommend LSA Global to anyone looking for a true business partner.
Director, Human Resources
We recently partnered with LSA Global to offer our Supervisors and Managers a customized two-day management training program. Everyone who attended said it was by far the best management training program they had ever attended. The content was rich and highly interactive. The case studies were relevant. Each participant walked away from the training much better equipped to lead their teams.
Director of Human Resources
LSA Global’s consultant brought a fresh perspective to our behavioral based interviewing strategy for two key executive positions we needed to fill, and their consultant helped us develop questions that produced a much deeper understanding of candidates’ capabilities. I am confident that the two new executives joining our organization have the right skills to add significant value. Throughout the process LSA was also very responsive in dealing with short lead time requests.
Because of the unique nature of our business, Excel is a core application in our accounting organization. After three attempts to find an Excel consultant who is capable of helping our finance team integrate advanced applications into our work processes we found LSA and Alex. He was not only a “Real” Excel expert but was masterful in helping us identify where to use Excel applications in our processes to increase our group’s efficiency.
SPO Partners & Co
Kim Silva, CFO
In the Next Generation Management Development courses, I was trained with skills and tools that have made me and my team more productive, motivated, and successful at communicating with other departments.
Firmware Engineering Supervisor
LSA exceeded all my expectations. We interviewed 7 potential training and consulting partners and selected LSA due to their expertise, flexibility, and breadth and depth of solutions. We were able to construct a management training course from the modules most appropriate to our needs, and are able to provide additional training from their well developed portfolio of experts. Our managers galvanized as a team throughout the session and are better prepared for the rigors of a competitive market.
The refreshing thing about LSA is that they focus on understanding our business situation and helping me succeed instead of selling a product. With over 150 experts, they are an invaluable resource that helps me deliver higher quality results faster. I recommend them to anyone looking to improve the performance of their workforce.
VP of Human Resources
Over the years, both at 3Com and now at Redback, I’ve found LSA Global to be a valuable resource. The recent compliance program that they delivered for Redback’s executive and management team was the right solution, of the highest of quality, and customized to our business and culture. I would highly recommend LSA to any company looking for top quality solutions.
Vice President of Human Resources
I consistently look to LSA Global when I need custom programs put together for my client groups. I can always count on LSA to do a thorough needs analysis and to put together spectacular programs that are well received. Their management development and performance management expertise and professionalism make them one of my top-rated learning and development partners.
HR Program Manager
LSA has become the gold standard in team building and management training at Genomic Health! I have a hard time finding facilitators that come close to their level of customization, expertise and experience.
Director of Human Resources
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