(Editor’s note: This is Part III in Dr. Sullivan’s series. Here are Part 1 and Part II; next week in the conclusion to the series, look for best practices and program metrics.) When corporate revenues are down or stagnant, talent managers typically shift their focus away from volume hiring to developing and improving …
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Speeding Up Rotations and Internal Movement For Development, Retention and Profit (Part II)
Last week, Part 1 of this series introduced a number of pain points that render most corporate approaches to managing internal movement for development, retention, and talent ROI purposes ineffective. In reality, most current approaches are relics from years of tradition, loosely defined, poorly integrated, and barely managed. During this installment, I will …
Read More »Amazing Practices in Recruiting — ERE Award Winners 2009 (Part 1 of 2)
It has been an amazing year in recruiting and talent management, despite severe economic hardships, budget cuts, and widespread hiring freezes. Unlike the economic turmoil following 9/11 and the dot-com bubble burst, many recruiting functions have continued to innovate and stretch the limits of what can be defined as “standard …
Read More »Managing Contingent Labor Strategically
For many in corporate staffing, contingent labor management is an unpleasant activity often relegated to the lowest-cost outsourced service provider the organization could find, mainly because no one internally wanted to deal with it. The work is largely considered mundane, process-oriented, and as a necessary overhead cost that provides little …
Read More »Employee Furloughs Can Be a Bad Alternative to Layoffs
You can’t read a newspaper these days without reading about organizations that are implementing employee furloughs in order to save money and to avoid layoffs. They might seem like a good idea but they might end up not saving money at all and could cause more turmoil than they are …
Read More »Talentonomics – Proving the Economic Value of Talent Management
Impacting Business Results Makes You a Hero During tough times, there is increased pressure on every business function to demonstrate a direct (positive) impact on business performance. The functions that successfully demonstrate business measures like revenue, time-to-market, market share, and profit receive the majority of the attention and available resources. …
Read More »Referrals: A Powerful but Missing Element of College Recruiting (Part 1 of 2)
The Referral Concept The basic premise of all employee referral programs is that “the very best” know other top individuals. They get to know them because top performers learn from and compare themselves to other top performers. Professionals are constantly talking to each other on the phone, through text messaging, …
Read More »Referrals: A Powerful but Missing Element of College Recruiting (Part 2 of 2)
Things to Do Offer rewards. Surprisingly, many people associated with a university are willing to make referrals with no promise of a reward. Why? Because they really believe in the abilities of the students they know and work with. You don’t need to give away a flat-screen TV in order …
Read More Ȇber College Recruiting: How Advanced College Recruiting Differs From Your Current Approach
Most Firms Utilize the Traditional Approach I estimate that 95% of corporate college recruiting programs follow the traditional model because everyone is familiar with it and they are simply comfortable using it. I sometimes call the traditional model the “career center focus” model because it relies so heavily on services …
Read More »The Economic Downturn Means That Hiring Freezes Will Soon Decimate Recruiting
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. …
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