Thursday, April 2, 2009

 

Managing Talent Will Help You Attract and Retain the Best Employees


Attract and retain the most talented employees by managing talent and save your organization time, money and resources. This article will provide you with talent management strategies and solutions that help companies succeed. Whether you're an executive, a manager or a team leader, the following information will be beneficial to you.


Talent management strategies have evolved significantly in the last few years as technological advancement becomes a calculated, competitive edge for businesses. Progressive companies use talent management solutions to interface, or even integrate the multiple solutions they employ, empowering them to recruit, hire, develop, retain, engage and promote top talent seamlessly.


Since the widespread recognition of the importance of human capital in organizations, enterprise companies are creating talent management strategies that align people with business objectives to conquer challenges and create a competitive advantage. By investing in new technology and ongoing research, your organization can proactively eliminate hiring, on-boarding, employee development, talent retention and career planning issues before they begin and address challenges that already exist.


There are many talent management strategies that can help your organization cope with the many employee issues you currently face. Here are some examples:


Applicant Tracking


Businesses employing large numbers of workers face unique hiring challenges. Taking applications, screening, interviewing, hiring, and on-boarding dozens, hundreds or even thousands of new hires can lead to confusion, missed opportunities, lost time and wasted resources, including money. Application tracking gives managers the ability to review and hire the right applicants quickly and efficiently. Applicant tracking solutions are easy to use, require little training and do not require expensive hardware of software. By automating your hiring process, you can reduce your organization's recruiting costs by 40% or more.


Assessments


Every job or position has requirements that go beyond the customary job description. When an employee's job duties conflict with their natural talent and skills, they suffer from tension and stress that can lead to organizational conflict and employee behavioral problems. Assessments will help you make the right hiring decisions and put the right people in the right positions, which will result in increased productivity, reduced stress, less tension, decreased conflict and a positive impact on your bottom line.


Employee & Career Development


One of the greatest challenges faced in organizations is the strategic personal development of their human capital in order to ensure effective use of their talent. In order to properly manage this vital resource, companies must identify their challenges and then implement training and employee development curriculum for improvement. Employee & Career Development strategies help manage employees who need improvement, the area in which they need further development and the progress they have made toward improving the necessary skills, retain and empower your employees by allowing them to develop and manage their career paths and align them with organizational strategy, and identify highly talented and productive employees who can become successors to key executives.


Learning Management


Organizations use learning management to have a competitive edge and a measurable impact on employee performance. The value of learning management solutions enables organizations to demonstrate the return on investment they make in training, and in turn they are able to continue improvement processes that drive higher levels of return through enhanced performance over time. Learning management strategies can help organizations manage the administrative aspects of learning such as registration, class enrollment, attendance and performance tracking, making it easier for managers and employees to create, implement and track personalized programs.



About the Author

Jim Sirbasku is co-founder and CEO of Profiles International, a leading provider of human resource management solutions and employment assessments for businesses worldwide. For more information about talent management solutions, visit our website.



Sunday, March 29, 2009

 

Five Key Principle Elements of the Phoenix Auction Business

The Reputation Institute conducts business reputation research, has identified five key principle elements of a business reputation.This article is designed to provide you with these elements and how they affect a Phoenix auction business.Specifics may vary from auction to auction; however, the following information includes helpful and important guidelines from which everyone can benefit.

Distinctiveness - Does your company stand out from your competitors?When people think of your company, do they have a clear image of your company or do they get you confused with other companies in your industry?

Focus - Is it clear to your customers what your company's goals and strengths are?Strong reputations are built when your company focuses its efforts around a central theme that it shares with its customers.

Consistency - Is your company consistent in its actions and communications?Does your company send mixed messages or have occasions where words do not match deeds?Reputation applies to every part of your company and therefore, everybody in your company has to assist in building that reputation.All employees need to understand the company's values and live them.It is not enough to teach individual behaviors but also teach the underlying values.

Identity - What is your company's emotional appeal to its customers?Identity is the positive or negative emotional appeal that your company has for its customers.It is the sum of their emotional experiences with your company.Do they have good memories, bad memories, or indifferent memories of your company?Do they remember your employees as helpful and friendly or cold and aloof?Do they trust your clerks and cashiers or do they double-check every lot and carefully count all change?

Transparency - Do your customers believe that, when it comes to your company, what they see is what they get?Or does your company openly share information and engage in dialogue with customers?Do customers take your company's actions at face value or are they always looking for ulterior motives?Does every customer experience the same company or does your company show a different face for each customer?

Not only is reputation of individual Phoenix auction businesses critical but also the reputation of the auction industry as a whole.Most auctioneers are very concerned with their business reputations because the auctioneer's name or their family's name is highly associated with their auction businesses.But the cumulative reputation of all auction companies is what creates the reputation of our industry.And in the same way that an individual company's reputation is hard to earn and easy to lose, so is the auction industry's reputation.

Why is the reputation of the auction industry as a whole so critical to the success of our industry?Unlike most industries, there are many alternatives to the services provided by auctioneers.There are many different ways to sell or purchase merchandise that don't involve hiring an auctioneer.You can hold a yard sale, consign it, open a retail storefront, have a going out of business sale, sell it outright or donate it to charity.If people are hesitant to use auctioneers or, worse, do not trust them, they will take their business elsewhere.

I think the reasons why the Phoenix auction industry and auctioneers should be highly concerned with their reputations were well summed up by Alan Greenspan during a commencement speech at Harvard University in June, 2000."In today's world, where ideas are increasingly displacing the physical in the production of economic value, competition for reputation becomes a significant driving force" manufactured goods often can be evaluated before the completion of a transaction.Service providers, on the other hand can only offer their reputations."



About the Author

Deb Weidenhamer is President of Auction Systems, the Southwest's most active auction and appraisal company.


Visit us online at Auction Systems, or call 800-801-8880 for more information.

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