HR and Talent Management
The current worker shortage has caused havoc for many businesses. Some businesses are turning work away, and that is both stopping business growth and causing revenues to decrease. So, what is a business to do?
The answer to those questions is simple. A well designed recruiting and retention strategy for your business can address these and make your company more productive and profitable. This is a strategic solution that solves your talent problems now and in the future.
Our strategy may incorporate some or all components of Workforce Planning, which is a process where the business identifies and addresses the gaps between its current workforce and its future needs while developing a brand that attracts and retains the right talent.
Good Workforce Planning is more than just determining your current and future staffing and skill needs. It involves the coordination of all of your Human Resources processes to ensure that you are attracting and retaining the best talent. The blending of your Compensation, Benefits, Recruiting Training & Development, and Organizational Development to drive your overall talent management is the key to outstanding Workforce Planning. Bringing all of these elements together to create an environment of workforce success contributes significantly to overall business success.
In support of your HR Department, Herrmann Advantage Consulting provides Coaching, Consulting, and Advising services for the following:
- Recruiting and Retention Strategies
- Employee Onboarding
- Succession Planning
- Executive/Leader Coaching
- HR Audits
- Handbook and Policy Development
- Organizational Development
- Compensation Planning
- HR Analytics and Data Analysis
- Fractional HR Leadership
Good Talent Management begins before your employee’s first day of employment. It includes:
- The applicant and Candidate experience in the recruiting and selection process
- The new hires onboarding experience
- The commitment the organization makes to employee success
- Employee skill development
- Management and Leader development
- Leadership and Management Succession Planning
- Forward-looking quantifiable results focused HR metrics that demonstrate added value and not just savings or reductions
The Human Resources Certification Institute stated in a recent survey that “Forty-five percent of respondents reported that their organization is unprepared to meet the talent needs of the future.”
Your workforce is the single most crucial part of delivering your product or service to the marketplace. If the past has shown us anything, it has shown us how challenging it is to keep a highly productive workforce available and engaged.
As businesses look to develop successful strategies and brands to drive business success, the one overriding area that should be emphasized but often is not is the workforce. All too often, the workforce is viewed as a cost to be managed and contained instead of the investment that will drive strategy execution, improved performance, profitability, and shareholder value. In other words, many businesses ignore the unduplicatable value of their workforce.