r einventing talent development
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Transcript of r einventing talent development
reinventing
talent development
Copyright © 2011 WOW! transformations All rights reserved. 2
helps you OPTIMIZE the return on your
talent investment.
Copyright © 2011 WOW! transformations All rights reserved. 3
The cost of turnover is often invisible.
Yet its impact on the bottom line is undeniable.
Twenty-four percent of hiring managers said a single bad hire cost their business more than $50,000 in the last year. – Career Builder
Copyright © 2011 WOW! transformations All rights reserved. 4
Organizations today…
must create a company culture that nurtures employees throughout their career with them.
This begins with an understanding of what’s needed when selecting new talent, continues
through the hiring process, and for the duration of the employees’ service to the company.
Copyright © 2011 WOW! transformations All rights reserved. 5
Beyondboarding™
Beyondboarding is a strategic approach to employee and organizational
growth and development that accounts for the cost of hiring and retaining a company’s most
valuable resources, its talent.
WOW! transformations talent development approach
Copyright © 2011 WOW! transformations All rights reserved. 6
Beyondboarding™
With beyondboarding™ your organization will realize: Reduced employee turnover
Engaged leadership who empower their employees
Higher levels of employee satisfaction
An environment focused on learning and development
Attraction of a highly qualified talent pool that is eager to join your organization
Employees who feel a sense of community and belonging
Copyright © 2011 WOW! transformations All rights reserved. 7
Pre-boarding: Are your managers searching for the right talent that meets your business requirements and objectives?
Onboarding: Does your onboarding process develop engaged and productive employees, ensuring their long-term commitment?
Post-boarding: What are you doing to cultivate employees throughout their lifetime of service into the company’s leaders of tomorrow?
Copyright © 2011 WOW! transformations All rights reserved. 8
Helps organizations assess their needs to source and select the right talent
Identifies the type of talent you need before recruiting
Provides prospective employees ways to determine if they align with your company's culture and values
Pre-boarding
Zappos CEO Tony Hsieh estimates hiring mistakes have cost his company more than $100 million since it was founded in 1999. Hsieh says , “It's a mistake managers will come to regret if hires aren't a good fit with the corporate culture.” Zappos now spends time vetting potential employees and hiring only folks that mesh well with the company's culture.
Copyright © 2011 WOW! transformations All rights reserved. 9
Onboarding
“A thorough onboarding process can dramatically reduce the amount of time a new executive needs to reach full capacity and ultimately increase their chances of success within an organization.” - Bob Damon, president of North America for Korn/Ferry
Long-term talent development process which impacts a new employee’s decision to stay with your organization
Helps new, recently acquired, transferred or promoted talent become fully engaged and culturally aware members of an organization’s workforce
Works for employees at all levels
Copyright © 2011 WOW! transformations All rights reserved. 10
Post-boarding
Provides learning and development initiatives that continue throughout the employee’s career with the company
Gives managers the tools and processes they need to identify their employees’ strengths and development requirements
Creates ongoing opportunities to create a strong talent pool and company leaders of tomorrow
“Layoffs, cutbacks and stress inflicted on employees in the economic downturn have left many of them discontented and disengaged. As this pent-up frustration is released, the impact on businesses, their work forces and their customers will be pronounced.”
- Jon Picoult, New York Times, “Turnover Storm”
Did you know that
beyondboarding™ Provides innovative recruitment,
retention and development programs
Helps increase an organization’s hiring power
Extends HR support to truly nurture the organizations’ employees
Helps retain talent beyond the average18-months to three years
Reduces talent mismatch
reinventing
talentdevelopment
[email protected] www.wowtransformations.com
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