Optimize your Human Capital Potential
By Admin |
1.7 min read
Optimize your Human Capital Potential
Today’s business environments are more complex than ever before, with unique challenges in both the hiring and retainment processes of human capital management. Organizations need better strategies and tools to ensure that they are attracting and retaining the top talents of every industry.
Attracting Talent
During the initial stages, firms are confronted with a workforce suffering from skills shortages. Whether it is navigating this shortage and being selective or finding the right employees that can be trained appropriately, firms waste time and resources on this process. In addition, the heavy saturation of information that is available to the public means that a poor reputation may deter many highly qualified candidates from considering a company.
Retaining Talent
The low unemployment rate which stretches across North America makes low turnovers imperative to the success of a company [1]. Despite this need, 38% of HR respondents say that the top challenge is maintaining a high level of employee engagement. 31% regard the greatest challenge as developing the next generation of organizational leaders [2]. With such uncertainty in the futures of many companies, the ability to retain and strategize for succession planning is what sets companies apart.
The Solution
With so many different challenges coming from all sides, companies need to adapt and leverage new technology and analytics. With objectivity, comes a 360-degree view of the problems that may be plaguing an organization. The Predictive Index suite delivered by Predictive Success® can guide firms through all human capital related issues. By understanding what drives individuals, firms can plan around their employees so that they are consistently engaged and motivated. Employees that can see their companies investing in them are reported to being more content and loyal[3]. Predictive Success® has solutions that target both the initial stages of recruitment, in addition to retaining current employees.
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