Ways In Which Global Executive Search Firms In India Are Developing Talent Communities

There is no denying the fact that qualified candidates are always short in supply. As per the research done by one of the companies offering leadership consulting services, about 76% of the executive search firms maintain that talent scarcity is what they face and is becoming a serious concern for a country like India where most of the youngsters believe in working on foreign land. This is the reason as much as 73% of the employers are ready to invest in the talent communities.

So, What Are Talent Communities?

As the name suggests, talent communities are nothing but a group of skilled candidates from which engaging and interesting talent can be hired quickly to fill the various job positions. These communities comprise of individuals who are looking for either permanent or temporary work. The Global Executive search firms in India have access to the nurtured and curated talent pool who have expressed their interest to work in different domains. The recruiters check whether a particular candidate has expressed an interest for their client organisation or has previously worked with the client in order to check the compatibility quotient and the possibility of working in future. It's a two-way sword because the recruiters can get the fastest access to the candidates and that too at a lower acquisition cost.

How Talent Communities Are Developed?

It's not that talent communities are new to the hiring arena; they have existed for years, however, with the increasing talent scarcity faced by the recruiters and employers, they have now gained the importance. The recruiters eye the talent communities to keep the highly skilled candidates who haven't been offered positions for future opportunities. The talent communities also give access to re-deployable talent, retirees and interns. Thus, each and every type of talent is available with the talent pool. The talent pools can be used to source the qualified freelancers. These communities help in reducing the overall talent acquisition costs.

Ways Of Developing Successful Talent Communities

Indeed, talent communities are effective in achieving a competitive recruiting advantage. Here is how the International Executive search firms in India set the talent communities:

Candidate Feedback

The executive search firms initiate regular follow-up with the candidates who are not selected for a job position due to any reason. When they ask about their interest as well as work arrangements in other positions, they can consider them for aligning with different opportunities available in future.

Attract Talent

The communities are segmented based on the work as well as a role type. The strategies are incorporated for attracting both the permanent as well as flexible talent.

Keep In Touch With The Candidates

The recruiters are in regular and consistent communication with the candidates who can be engaged in the talent communities. In order to nurture talent, the candidates are provided with interesting information about the company.

The Importance Of Performance Management Consulting Firms

“Talent is one of the last frontiers for differentiation. Any company can have a patent or produce a product. The difference is the quality of that product comes with the value of the talent you have.” – Elaine Orler

Many companies are guilty of seeing performance management as once a year kind of activity but in reality, it is an ongoing process that focuses on continuous performance management. Studies have shown that companies where the employees review their goals quarterly have:

a.           Higher employee engagement

b.           Better data quality

c.            An efficient review processes

d.           More inputs from employees

And thus hiring Performance Management Consultants can be a good idea in order to save you a lot of time. You can have a lot of benefits from hiring performance management consulting firms and here is a list of a few of them:

Ensures An Ongoing Performance Management Process - Performance assessments and appraisals are just one piece of the complicated talent management puzzle. In order to build a skilled and empowered workforce, companies need to work more than once a year. They need to work on a management cycle where improvement should be just as important. Hiring a firm to do the performance management will ensure that the process is ongoing and continuous all year long.

Goal Setting And Revising - The foremost benefit to a continuous performance management is that employees will have a clear understanding of the expectations from them. With years of experience in this field, the 3rd party firms can also help them with a vision of where they fit into the company in the future and thus contribute to the overall success of the company. 

Align The Workforce With Higher Arching Business Goals - For employees to be productive and efficient, it is very important for them to have similar goals as their organizations. Also, they should have set priorities and clear direction through individual objectives. The 3rd party firms make employees feel an important part of the company by making them a part of the feedback process all year long and thus improving their overall performance curve. 

Management And Coaching - In the rapidly changing competitive world, the skill set soon becomes obsolete. Having a firm to help you with performance management will ensure that any gap in the skill set is identified at an early stage and thus appropriate training be rolled out to bridge the gap immediately. This process will help companies save a lot of money in terms of risk mitigation and thus improve the performance of the company further. 

Rewards And Recognition - Rewards and Recognition are an important part of maintaining the morale of the employees. Whereas the positive feedback helps boost the motivation of the employees, the negative feedback opens up the channels of improvement thus helping them to improve the overall performance of the employee from a long-term perspective. Rewards and recognition can also effectively improve employee retention and engagement thus creating a positive work culture boosting innovation and initiative-taking.

Strategies To Improve Job Satisfaction Level Of Employees

There is ample data to support the fact that the job satisfaction level of employees is directly related to their productivity and efficiency. Unfortunately, most business organizations do not pay enough attention to this important aspect, which often results in a reduction in the overall performance. According to the experts from the top recruitment firms in India, low levels of job satisfaction are also a major cause for the high turnover rates that companies often struggle with. Discussed below are some effective strategies that can help companies to enhance the employee job satisfaction and thus enhance their productivity and retention rate.

Establish Organization Work Ethics

Poor work ethics tend to demotivate the employees and make them doubt the stability and integrity of the organization. Hence establishing organizational work ethics and ensuring the adherence of the members of the workforce to the same is essential to improve employee job satisfaction levels.

Promote An Open-Door Policy

Organizations need to promote an open-door policy which makes it easier for junior-level employees to communicate with their supervisors and managers. This enables the employees to share their ideas and opinions and also provide feedback and talk about their grievances with their superiors. They thus feel more valued and engaged and this naturally improves their satisfaction level.

Provide Appropriate Career Development Opportunities

Most employees feel dissatisfied with their jobs if they do not get enough growth opportunities and this naturally affects their performance. Organizations can overcome this problem by offering training and development opportunities that can help the employees to enhance their career growth and enjoy better satisfaction levels.

Set Up A Culture Of Collaboration

Expert consultants from leading retained executive search firms in India are of the opinion that setting up a culture based on mutual collaboration between employees can help improve their satisfaction level significantly. In addition to enhancing the sense of teamwork within the workplace, such initiatives also make it easier for employees to share and exchange information to make their tasks simpler and hassle-free.

Provide Opportunities To Showcase Employee Skills

When employees get opportunities to showcase their skills and competencies, they feel highly satisfied with their job. It helps in establishing a sense of trust and reliability among the employees and increases their sense of self-worth and self-confidence. This requires the organizations to delegate tasks to the employees where the employees can put their skills and knowledge into practice to provide the desired results.

Be Sure To Treat The Employees With Respect

Employees work to enhance the growth and productivity of their organization and expect to be given due respect for their hard work and efforts. Companies that fail to do so tend to disappoint their employees in a big way making them feel dejected. Hence, it is important for organizations to institute policies that promote a sense of respect for even the lowest level employees within the company.

How Hiring A Top Executive Search Firm In India Saves Your Time And Money?

If you’re hiring for the strategic positions of your company, a thought always has crossed your mind, “Should I go for one of the top executive search firms in India to do the job?” or “Do I really need to hire a top executive search firm? The answer to both the questions is YES.  So what value do executive search firms bring to the overall hiring process?

The answer is more than you think!

Because of the nature of what they do, these firms are capable to save you companies a tremendous amount of both time and money when it comes to hiring and attracting the top talent in the industry. In order to fill the mission-critical positions, the companies always are looking for a very specific type of candidate and the advantages of hiring a firm to find that one for you is that you don’t have to deal with a lot of critical aspects of the interviewing and hiring process on your own thus saving you a lot of energy and time. 

Here is a list of few ways, how a firm can help you find better talent at the same time saving you both time and money:

Streamlined Process - The hiring firms with years of effective processes in place streamline the entire work and keep all the stakeholders always on the same page. They make sure that the candidates are engaged throughout the process so that they do not get lost to a competitor’s offer. 

By reaching out to both active and passive candidates - With an extensive network at their disposal and a well researched and laid down qualities the company needs in the candidate, these firms are capable of locating candidates that the companies can’t find on their own, namely “passive candidates.” These are those candidates who aren’t conducting an active job search but would be happy to explore if an opportunity knocks at their doors.  These candidates aren’t reading job boards or website postings and hence won’t be able to find you otherwise. Hence, with passive candidates involved, the prospects of finding a better fit increase thus saving you time and money in the longer run.

By utilizing a well-crafted network of candidates - Third-party firms have a well-crafted database of individuals and thus they can help you find the most relevant candidates in less amount of time. In executive search, the most important task is to look for the most fitting candidate both in terms of skill and company culture and having an extensive network of candidates helps the firms shortlist just the relevant few for you to interview thus saving you a lot of time and money.

By doing a thorough screening process - This is important. We need to think about it this way. Had you been doing this on your own, you had to go through a lot of relevant resumes. A single miss and there goes your perfect candidate rejected in the screening process only. Backed by years of experience, third party firms can actually help you screen and will provide you the most relevant candidates.

5 Habits That Are Essential For Ensuring The Career Success Of Professionals

Habits are nothing more than repeated behavior patterns developed over time and which become an integral part of the personality of an individual. Habits, thus play an important role in ensuring their success in both personal and professional lives. This is because habits define the attitude of individuals as well as the manner in which they conduct themselves at their workplace. In fact, there are some habits that can deeply impact the professional growth and success of an individual. In this context, the experts from leading executive search firms in Mumbai, have identified the following 5 key habits that professionals should focus on developing to ensure their career success.

Constant Networking

Building strong professional networks has been identified as a key trait of most successful professionals. That is why it is important for young professionals to develop the habit of investing time and effort in building networks and maintaining them even if they do have any immediate need for them. It is essential to keep in constant touch with the members of the network and connect with them on a personal as well as a professional level to strengthen the sense of mutual trust and companionship.

Learn The Skill Of Effective Communication

Much has been said and written about the significance of effective communication in ensuring career success. According to the top executive search firms in Bangalore, effective communication should not just be limited to the professionals having a stronghold over the language. Rather it should help professionals to gain a better understanding of the people they work with and make it possible for them to drive their point across. Developing such communication skills often requires a lot of practice and provides great results.

Develop A High Emotional Quotient

Most successful professionals are known to have an exceptionally high emotional quotient which enables them to take on the various challenges and dilemmas in a confident and efficient manner. A strong emotional quotient helps professionals to stay focused and manage any adverse situation without feeling too emotional about them. The professionals from executive search firms in Delhi are of the opinion that professionals having strong control over their emotions tend to be more balanced, focused and efficient during the most challenging times.

Say No To Procrastination

High performing professionals understand the importance of getting things done, not in time, but well before time. It is important for such professionals to be highly productive every single day rather than keep delaying their tasks until the very last moment. By avoiding procrastination, these professionals are better prepared to face any contingencies and are able to create a buffer time for further improving the tasks and enhancing their productivity.

Develop Great Organization Skills

Being well organized is an essential quality of most successful professionals as it helps them to stay focused. The experts from executive search firms in Gurgaon are of the opinion that professionals capable of living an organized life are more likely to achieve their career objectives well in time. This is because being organized helps them to better manage their resources and priorities while avoiding any distractions that may deviate them from their professional growth objectives.