9 Ways for Success in Talent Management

Success in talent management involves having the best people in your workplace through various methods of effective hiring. These methods are effective when you find the best people for your business that bring high talent levels to a business. Then, team leads, human resources representatives, and other mentors help develop that talent into an even more tremendous asset.

Talent Management Wins

If you provide staffing business insurance, it’s in your best interest to help your clients understand how to conduct talent management. Likewise, helping them understand this ensures that you get the best talent. Here’s a quick rundown of the top 9 ways to use this strategy effectively.

Look at Job Postings

The first step to talent management success is understanding where the company is now. Using the business’s Glassdoor, Indeed, and other recruiting website accounts, what is the company looking for in new hires? What needs to change to recruit talent more efficiently?

Create Short and Long-Term Goals

All good talent management strategies start with goals. Of course, you have to have realistic goals and identify which is most important. Does the business want to increase productivity, drive sales by a certain percentage, or reduce employee attrition?

Determine What Personnel Helps Achieve Those Goals

Now that your staffing business insurance client has an idea of their goals, it’s time to think about the type of talent that can fulfill them. Does the business need to add talent to existing positions, create a new kind of job, or both?

Focus on Company Values

It’s easy to lose sight of what the company stands for during a talent-based overhaul. Then, remind your clients to consider their new hires’ personalities and mindsets carefully. Someone with years of experience who thinks that the company’s mission statement is a waste of time is unlikely to be a valuable asset. Then, it will align everyone to the mission.

Develop a System for Tracking Results

Keeping track of results is crucial for determining whether talent management is working. Encourage your client to track the business’s employee retention, advertising reach, productivity, sales, and employee satisfaction.

Consider Existing Teams

Talent management doesn’t have to focus entirely on new hires. Look for employees who could perform at high levels if given the proper training and job description.

Create Incentives

If your staffing business insurance client hasn’t had a talent management program before, employees may be reluctant to get involved. Incentives such as extra paid time off quickly get people’s attention.  

Identify Potential Challenges

Things are going to go wrong along the way. Ask your client to identify where challenges are most likely to occur. Then, they can strategize about how to prevent these catastrophes.

Get Support from the Executive Team

After your client and their team create their talent management program, they should show it to the CEO and other executives. The executive team’s funding and support are essential for success.

About World Wide Specialty Programs

For the last 50 years, World Wide Specialty Programs has dedicated itself to providing the optimal products and solutions for the staffing industry. As the only insurance firm to be an ASA commercial liability partner, we are committed to that partnership and committed to using our knowledge of the industry to provide staffing firms with the best possible coverage. For more information about Staffing Professional Liability Insurance or any other coverage, we have available to protect your staffing business, give us a call at (877) 256-0468 to speak with one of our representatives.