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Showing posts with the label TalentAcquisition

The Best People Investment is the Right People

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  As hiring ramps up, it’s a common refrain from talent leaders that the goal of the talent function is yet to be realized. This, of course, refers to getting the right people into the right roles at the right time. It’s a task that proves more difficult than it would seem on the surface and one that costs businesses a great deal of money. The most common estimate you hear is that it costs at least 30% of a person’s first year salary for the organization to part ways with the wrong employee and once again go in search of the right one. Many say that this estimate is actually on the low side when you factor in costs associated with onboarding and training, the impact on team morale and the drain on productivity that comes with the hassle of coping with a bad hire. Technology is helping to address these issues, but how it gets plugged into the talent function is vital to its success. During a session at our recent HR Tech North America event, Emmersion’s Head of People, Paul Thatcher, wa

Employer Must-Haves To Attract and Retain Talent In 2021

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Employer branding has experienced some monumental shifts in the last year as companies have had to adapt quickly in order to keep running. The following must-haves will help you ensure a solid employer brand strategy for the year ahead. Re-evaluate your values and EVP A crisis like COVID-19 is a decisive test for any organization’s purpose, values, and Employer Value Proposition. A lot has changed for companies in the last year, from where their employees are working to the work they are doing, so it makes sense that your EVP would change as well. Now is the perfect time to review your values and offerings, and ask what areas need improving or evolving. Values shape your employees’ priorities, and a strong EVP will attract and keep the best employees. As Laura Lenz of OMERS Ventures recently mentioned during a BetaKit Live, talent acquisition and retention “are the number one priority” for Canadian tech. Identify what matters most to your teams and build it into your DNA. Showcase you