A) Negative impacts on revenue and costs Obviously, not expanding your staff or keeping open positions vacant can save payroll dollars in the short term. However, such savings may actually present a false reality because freezes have many other unintended consequences that CFOs often fail to account for: Lost revenue. …

The Top 10 Advantages of Recruiting During Tough Times It’s quite common during periods of economic turmoil for CFOs to assume and declare that robust recruiting functions will not be necessary due to a surplus of talent becoming available as more and more firms engage in layoffs, consolidations, and the …

The King of Employment Branding The recent collapse of the banking and financial markets has subdued much of the consulting and investment banking competition that Google once faced on campuses. Despite some turbulence, the high-tech industry is still a shining light in this economy, and Google is by far most …

What is Succession Planning? Organizations use succession planning to help mitigate the risk of a vacancy occurring in key management and leadership roles that could impact the organization’s ability to perform. In more strategic organizations, the scope of succession planning is expanded to include high-impact and mission-critical roles throughout the …

Part B: Plan Output or Success Measures Group 3 – Output measures of plan success The best plans have goals (and measures) that cover each of these areas: Percentage of all management positions filled by internal candidates (this is the broadest measure of development success because it covers all management …

The Root of the Problem Most corporate onboarding programs are designed from the HR administrator’s perspective. The goal and focus is to ease the administrative burden on HR and to drive compliance activities, not to ensure that new hires can reach expected levels of productivity in the shortest time frame …

What Is A Talent Swapping Strategy? The concept of talent swapping is borrowed from the professional sports industry. In sports, winning is everything, and it is a common practice for team management to externally seek out a “superior” player in a key position to replace a struggling player. When the …

ERE Community Q&A The questions proposed during the webinar covered a great many aspects of operating an employee referral program including: World-Class Program Design and Features Program Reward/Bonus Trends Diversity Impact Using Technology to Support the Employee Referral Program Specific Program Mentioned During the Webinar Questions on Program Design and …

How do you ensure that you are getting quality referrals and aren’t just talking with people who aren’t the top talent and may never be a fit for the company? Almost all “first generation” referral programs suffer from low-quality referrals, primarily because they are not designed to produce anything but. …

Questions on Reward Methodologies Any recommendations for paying after X number of days versus paying 50% up front and 50% after X number of days? That’s an easy one. Never ever delay payment — it’s a program killer. Try giving your kids their Christmas presents six months later in July, …