Getting the best Talent

Getting the best Talent

Introduction

         The strength of every organization is determined by having the ability to discover, retain, train and hire the most talented employee. A company needs to allocate certain resources to find and train best talent for their workforce. Good employees will surely be determined and motivated to find a way to improve their company and that leads to strong productivity that will yield a lot of revenue to the company. There is need of going through some kind of hiring process performed by human resources personnel to get the best employee for the job; that starts with advertising the job on newspaper, TV and internet.

        The few qualified were invited to the interview and the candidates that pass the interview get the job. Hiring manager with special skill are needed to hire right candidate to the right job that will save the company time and money.

Competition for Talent

      Many companies spend a lot of money advertising on internet, TV and Newspaper and even sometimes they seek the services of external recruiter to help the company to hire best candidate for the job. The companies always advertise and give themselves a good image that will attract external candidate.

·         Attracting Creative minds

The best way to attract creative minds is to offer good workers compensation that includes competitive salary, wages and bonus, medical and dental and employment development program. Organization must advertise job on popular internet website such as monster.com, Dice.com and also national newspapers. The priority of any organization is to attract best talent.”The resource labor consists of the physical and mental talents of individuals used in producing goods and services” (McConnel,2012.p43).The highly qualified employee with college degrees will surely help the company to grow.

·         Keeping Creative minds

The opportunity to grow in a creative organization will determine whether employees will stay or  go elsewhere for better opportunity. Companies can only keep their creative minds if they offer good salary and benefit. The rule of law should be respected at a workplace; if the management treat their employees with respect that will motivate employees to stay long on the job.

Utilizing talent

       It is about getting the right candidate to do the right job and that leads to better human performance at the job. An organization must have the ability to measure employee skill to work effectively in certain department” Workforce planning” is a process designed to ensure that an organization prepares for its present and future needs by having the right people in the places at the right times(Jackson,2012.p354). It is a way to build long standing skill.

·         Stimulate Creativity

By giving employee the opportunity to work independently help employees to discover other skills and potentials to survive.

·         Acknowledge Differences

There are lot of difference between talents, some employees have outgoing personality that they can carry group along and easily be a team player. While other talent are quiet and intelligent or sometimes called them “Thin tank ”.They always have foresight of any situation and they always find way to solve complex problem.

The ability to find talent

Talents are everywhere but the ability to discover talent is crucial to an organization.”Personality screens are effective in narrowing the applicant pool. Job-related questions help to refine that pool further”(O’Donovan,2012.p27).The human resource management must always find a way to streamline job applicants.

·         Success

The success of finding talent is actually getting the right candidates to the right job. The increase in job performance determines the success of the employee.

·         Failure

The inability of the human resources personnel to hire the right employee to do the right job will be a failure on the part of the human resource department.

The ability to attract talent.

A company must be willing to invest more on advertising and marketing of their company and products that will create general awareness to prospective employee who wants to know the annual financial statement of the company he is willing to work. Every job candidate wants to work for company that is financially stable and prosperous.   

·         Success

Organization can only be successful in attracting talent once if they can disclose their financial statement and that will attract many prospective employees to apply to organization.

·         Failure

The company annual financial performance is weak that will discourage prospective employee to work for the particular organization.

Ability to retain Talent

Employees want to have a good relationship with the management and also have sense of belonging. Job security is another great factor to retain talent because every employee wants to stay long on their job and also to get incomes to sustain their family.

·         Success

The ability to maintain job security within the organization will be the success of the organization.

·         Failure

Once an employee lacks confidence in job security of an organization that will result into weakness of the company to retain their employee.

Ability to develop talent

        There are various ways an organization can increase their job performance and productivity by training their employees with right skills and education “Companies that invest in training make a visible investment in employees will respond in-kind”(McElroy,2001.p332).Right training to offer employees will definitely help the employees will definitely help the employee to perform better at the job.

·         Success

Organization must provide all necessary resources to support employee training to get the right skills to employee to perform better at their job.

·         Failure

Company always want the best from employee but some company refuse to encourage employee by not developing employee with right skills.

Conclusion

      The study of economics has greatly helped to plan budget, uncertainty and opportunity cost in the development of human resource personnel that will benefit organization to function effectively”The tools of economics in many ways are both simple and powerful. They are simple in that they are based on the proposition that people and firms make optimising choices subject to constraints of income, time, uncertainty and legislative and institutional requirements”(Gunderson,2001.p432). Furthermore, the methodology of economics has greatly help organization in areas of time management and  resources management to optimize their daily business activities.

References

Gunderson.,M.(2001). Economics of personnel and human resource management.Human Resource Management Review. Retrieved on June 24,2012 from www.ebscohost.com.lib.kaplan.edu/ehost

McConnell, C., Brue, S., & Flynn, S. (2012). Economics. (19^th ed.). New York, NY: McGraw-Hill Companies, Inc.

McElroy.,J.C.(2012).Managing workplace commitment by putting people first. Human Resource Management Review. Retrieved on June 24,2012 from www.ebscohost.com.lib.kaplan.edu/ehost

O’Donovan.,E.(2012). Finding the Perfect Fit.District Administration.Retrieved on June 24,2012 from www.ebscohost.com.lib.kaplan.edu/ehost

Jackson.,W.S.(2010). Preparing for Tomorrow:  A Case Study of Workforce Planning in North Carolina Municipal Governments.Public Personnel Management.Vol39,No.4. Retrieved from on June 24,2012 from www.ebscohost.com.lib.kaplan.edu/ehost