workforce 2014 saba becomes a talent magnet
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This was presented by Jan Sysmans at Workforce Live Breakfast Club. To join us LIVE, sign up at saba.com/us/about/eventsTRANSCRIPT
Become aTalentMagnet
• Business Challenges
• What Is a Talent Magnet
• Where Do You Start
• Business Benefits of Becoming a Talent Magnet
• Conclusion
Agenda
Talent Business Challenges
Adobe's stock up 68% since it dumped stack ranking
Synchronizing organization design with Business Strategy has
a 5:1 rate of reorganization success
Talent acquisition and retention has risen to top of the CEO agenda
60% of companies worried about losing top people in 2014
How best to develop, manage, engage, and retain talent were among the leading challenges cited by the executivesJanuary 9, 2014 Conference Board Survey Report, CEO Challenge 2014
64%of CEOs say creatinga skilled workforce isa priority for theirorganization over thenext three years…
63% of CEOs are concerned about finding the right skills & talent to fuel their organization's growth prospects…
2 out of 3 CEOs believe the HR function isn’t well-prepared for the changes needed to respond to transformative trends
Top of CEO Agenda
Talent challenges business impact: Unable to Effectively Pursue Market Opportunities
Incurring Higher than Expected Expenses
Poor Engagement & Productivity
17th Annual Global CEO Survey – Jan. 2014
What is a Talent Magnet?
What The Experts Say
Josh Bersin
“Today, one could argue that the war is over and “the talent won.” While unemployment remains high among many groups, highly skilled workers are in great demand, making it critical for organizations to become a “talent magnet” and creating a steady pipeline of top people.”
“The ability to find and keep talent is perhaps the most valuable of all leadership attributes. And the best talent magnets make clear from their constant actions that their priorities are all about attracting and retaining the best. In business success, it is always all about people.”
Anthony Tjan
“A Magnetic Culture draws
talented employees to the
workplace, empowers them, and
sustains an environment in which
they are more likely to stay.
Such a culture is marked by
engaged employees who share a
strong desire to be part of the
value the organization creates”
What is a Talent Magnet
Attract and Retain
Top Talent
Talent Magnets
Where Do You Start?
• Attract A strong and relevant employment brand Enabling employees to be a brand ambassadors Tap into social talent networks Use innovative hiring practices
• Retain Meaningful, exciting & flexible work environments Facilitate talent mobility Encourage career and skill development Transform from competitive, periodic performance
assessment model to continuous coaching and capability development and where goals are well understood and aligned with the overall company goals
Talent Magnet: Attract and Retain Top Talent
Source: Bersin by Deloitte and Saba
Do – Start With An Employee Centric Culture
Do – Know Where You Are
Don’t – Boil The Ocean
Don’t - Technology for Technology’s Sake
Business Benefits of Becoming a Talent Magnet
Talent
Plan
Attract
Develop
Retain
• Companies with strategy-driven integrated talent management functions have significant advantages over their silo-ed counterparts:
26% higher revenue per employee
40% lower turnover among high performers
87% greater ability to “hire the best people”
156% greater ability to “develop the best leaders”
144% greater ability to “plan for future workforce needs”
92% greater ability to “respond to changing economic conditions”
“Integrated Talent Management – A Roadmap for Success” – Bersin by Deloitte
Becoming a Talent Magnet
Conclusion
Becoming a Talent Magnet Is a Continuous ProcessAttract , Enable, Grow & Retain Top Talent
Skills &Competencies
Recognize
Plan and AlignWorkforce
Talent Mobility and Retention
Acquire Top Talent
High Performance Agile Culture
Mn
t e
o
Good Resources
