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FOUR STEPS TO FINDING & FOSTERING

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DONT BE A VICTIM OF THE TALENT SHORTAGE

Super Talent

In a metropolis near you, 49 percent of employers are struggling to ll mission-critical positions today while facing a 40% loss of senior talent by 2016. To avoid the skills shortages threatening your business, fortify your strategies now for attracting, retaining and developing the top talent critical to your future success.

RECRUITMENT

STEP 1
Create candidate proles based on your top talent assets.

ABANDON YOUR WIDE NET RECRUITING STRATEGIES AND GET PERSONAL

CANDIDATE PROFILE CANDIDATE PROFILE

FOCUS ON A

APPROACH

WE FIND YOU

Only 5% of rms use the We Find You sourcing model, yet it consistently outperforms You Find Us approaches.

Win over your top candidates with well-researched personalized pitches that reect your employer brand.

STEP 2

RETENTION

GET DEFENSIVE: MOST TURNOVER IS AVOIDABLE

94%

of employees report voluntarily leaving employers for push reasons where the motivators were based on dissatisfaction or a desire to leave versus pull reasons of the attraction or availability of an outside opportunity.

The top reasons employees leave are...

Lack of trust in senior leadership. Insu cient pay Unhealthy/undesirable culture Lack of concern for development.

1.5x 3.0x
The cost of losing an average employee is 1.5x their burdened salary. The cost of losing top performers is 3x more than losing an average performer.

For every top performer that leaves, an average of 2 other top performers follow.

PAY-FOR-PERFORMANCE

GET GROWING.

STEP 3

Linking performance and compensation can increase retention by up to 27%.

Provide development goals with training opportunities.

41%
vs.

of employees at companies with inadequate training programs plan to leave within a year

12%

of employees at companies who provide excellent training and professional development programs.

Inspire maximum performance by aligning individual and organizational objectives.

Manage and measure employee performance with a formalized review process.

Implement a fair and consistent compensation plan where performance directly impacts reward.

STEP 4
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Organizations with reward and talent management programs that support their business goals are more than twice as likely to be high-performing companies.

SECRET WEAPON

PAYCOM TALENT MANAGEMENT

2X

Other Talent Management vendors may claim to be the hero you need to win the war for talent but only Paycom offers full pay data integration with its Talent Management solution. As part of a robust, full-service Payroll and HR application, Paycom provides online Performance Management, Compensation Budgeting and automated Personnel Action Forms that streamline your processes. Its the secret weapon technology to make you the hero in implementing the talent strategy needed to drive your business forward.

SOURCES: ManpowerGroups 2012 Talent Shortage Survey. U.S. Department of Labor Ere.net, Dr. John Sullivan, The Best Recruiting Strategy is the We Find You Approach Keepingthepeople.com Fokalfusion.com/losing-top-employees Giga Information Group American Society for Training and Development