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What's Cutting Edge Recruiting Today Is Stone Age Tomorrow
Blog:Innovation in any industry is crucial. It allows the creators and early adopters to bring something exciting and even transformative into the market before their competitors. Technological innovations like mobile phones have served their initial purpose of connecting billions of human beings and now they are the infrastructure of a whole new virtual marketplace for software and high quality content. We can only wonder what new strange innovations the next few years will bring and how they will further transform our lives. However, the innovators of yesteryear must keep experimenting and creating if they wish to stay competitive tomorrow. Google could not remain only a search engine company and Apple could not remain a humble computer company.
Show Me the Money! Retaining Talent with Market-driven Compensation
Webcast:Nearly 90% of organizations rely on market pricing as an integral part of their compensation strategy (World at Work 2009). When used effectively, market pricing increases your confidence about the competitiveness of your compensation structure to attract and retain talent. To what extent do survey sources match the jobs you benchmark and the labor pools from which you draw talent? How intentional are you about using national and local survey sources for job level, and to what extent do you depart from market pricing for critical and high demand positions? more »
Evidence-based Succession Planning
Webcast:Organizations run on talent, and a company’s ability to develop and execute strategy depends on the quality of leadership talent. The influence and potential impact of leaders is so great that succession planning has a crucial part of overall talent management strategy. Unfortunately, succession planning often consists of relying only on stakeholder opinions and past performance. more »
Should Leadership Hiring Only Be Done Internally?
Blog:“What costs more but often performs worse?” That’s the question posed in a recent Wall Street Journal article on internal vs. external hiring. The answer, according to a recent study by University of Pennsylvania’s Wharton School of business, is external hires. The study found that, while external hires are paid approximately 18% more than internal hires in equivalent roles, they often have much lower scores on performance reviews for their first two years in that role. There are many possible explanations for this phenomenon.
Transforming Job Descriptions from Tactical to Strategic
Webcast:Job descriptions are the foundation of many key activities in HR, but most organizations treat the creation and maintenance of job descriptions as an ad hoc process, driven by an immediate need to recruit or retain. more »