Now that the economic recovery appears to be making progress, healthcare leaders must focus on attracting and retaining professional talent. Many key employees at the company are postponing retirement or a career change until the economy improves. Strategic leaders need to ask themselves, what steps have they taken to protect departed business intelligence and transfer it to new people? What retention strategies did you implement to prevent further losses?
Economists and human capital experts point out that in a recession-turned workplace, employees often diverge without the clear roles and responsibilities of managers who understand how to implement key leadership strategies and indicators. You can discover the best early talent development programs to know more about talent strategy and management.
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Entrepreneurs who need to stimulate higher profitability, who need to maintain and expand their competitive advantage, recognize that their people will be the ones creating the differentiation factor. This is especially true in our global economy. The old ways of recruiting, interviewing, selecting, and retaining don't work anymore. In fact, that's not even the best talent you're looking for. Strategic leaders recognize that the available workforce will indeed shrink 15% or more over the next 10 years. Companies need to be more careful who they hire because there will be fewer of them to choose from. Then the talent strategy becomes an income generator. Managers need to take their corporate talent strategy to the next level.
Here are some ways to incorporate your talent acquisition, selection, and retention strategy:
1. Get rid of old job descriptions and create performance profiles for each key employee role.
2. Compare your best performance in each job and create key performance indicators.
3. Redesign the interview process to ask the RIGHT questions.
4. Make effective organizational development and recruitment a priority.
5. Change the goals, roles, and responsibilities of people management.
Don't waste time; apply some or all of them TODAY. If you haven't started yet, you're missing out.