Benefits Of Talent Mapping For Strategic Growth Of The Company

Talent mapping is a strategic service used by companies to plan for short, medium, and long term talent acquisition. It is generally used to make sure that the recruitment process is carried out keeping the needs of the company in mind leading to a number of strategic talent acquisitions over a prolonged period of time. 

Here is a list of benefits a company reaps from the mapping of their talent:

1. Inclusive Employee Assessment

Talent mapping is a process of assessing the current and future effectiveness of the company in terms of human resources. The assessment involves the entire organization covering every level and function of the company. This presents a perfect opportunity to assess your employees and plan your talent acquisition strategy ahead of time thus leaving little room for panic hiring, one of the root causes of bad hires and companies operations going haywire in the long run. 

Having an inclusive assessment also presents an opportunity for employee engagement and thus helps you with leadership assessment and take necessary measures before a small challenge converts into a bigger problem for the company. 

2. Identify Potential Leavers

Another benefit of reviewing employee performance is that it can help uncover early signs of someone leaving the organization. Decreasing productivity, frequent leave of absence and so on can be the signs that the employee might be considering moving on to a new company. Once you gain enough clarity on this, you can plan your retention as well as hiring strategy better.  

3. Opportunities For Internal Moves

Talent mapping helps the organization to record the capabilities, experience and potential of each employee thus giving the leaders an opportunity to identify future leaders of the company within the company. This opens an opportunity of growth for many employees at the same time provides the company enough time to groom the potential employees for their future job roles. 

4. Reducing The Time To Hire

Rather than being caught out when a vacancy arises, talent mapping is a valuable method to ensure that the organisations gain a competitive people advantage in advance. Hiring a retained search firm can help you with creating a talent pipeline and can help you make several strategic hires over a prolonged period without having to go for panic hiring as and when the need arises.

5 Advantages Of Hiring Strategy Consultants Firms In India

Strategy consulting firms in India help companies manage different sets of operations of a company and provide proving long-term strategies that are profit-oriented and growth-generating in the long-run. HR strategy consultants focus on the most important part of your company that is the people. From planning training programs to employee benefits, their main focus is to help the company devise strategies in order to improve the efficiency and productivity of the employees at the same time improves the retention rate of the company Performance management consultants. 

Here is a list of few advantages of hiring strategy consulting firms:

1. Saves Cost And Time

Time is of prime essence when it comes to running a company. Consulting firms help you anticipate and deal with a number of organizational challenges and help devise solutions in a timely manner thus saving you a lot of time and money that can otherwise cost your company dear. In addition to this, these consultants are seasoned professionals having worked in similar problems in the past thus saves a huge time while choosing and implementing the right strategy.

2. Knowledge And Proficiency

The consulting firms are knowledgeable experts having expertise in handling complex issues for years. These experienced professionals provide in-depth knowledge about the industry to help companies understand the business better and provide the right strategy to improve the productivity and efficiency of the company.

3. Enhance Productivity

HR consultants help increase the productivity of a business by guiding over collaboration, communication, and knowledge sharing. They help create long-term plans and then work towards executing them and improving them with time. 

4. Focus On Core Functions Of Business

The consulting firms are focused on improving the chief activities of the business and guide the companies on adopting the schemes that will improve the working capability of an organization. Not only this but they also do this in a time-bound manner in order to ensure tangible results for the company faster. 

5. Implementing Business Strategies

Creating solutions and strategies for a company is easy but implementing them can become a nightmare if not done right. Having consulting firms in such situations can be a blessing as they can help you implement all the strategies in a smooth and hassle-free manner at the same time ensuring the maximum contribution of the employees. This technique of making employees a part of the business strategies can increase loyalty and thus productivity in the company. 

Advantages Of Outsourcing To A Top Recruitment Firm In India

Hiring top talent in the market can make or break your company’s future in today’s competitive environment. Amidst these complex hiring activities, many companies fail to understand how outsourcing their hiring process to a top recruitment firm in India can ease their life for good at the same time can lay a much stronger foundation for the future of their company.

Businesses are often in dilemma over whether hiring a retained executive search firm in India would be a good decision or just be another big hole in their pocket. For those who are not sure about all the positives, executive search consultants bring to the table, here is a list of advantages that you can’t ignore at any cost and would help you make up your mind:

Saves Time And Money - They say the money saved is money earned. Outsourcing your entire hiring process to a firm can help you earn a lot of money in sure ways. One, by saving you a lot of time by making your hiring process quicker, efficient, and directed. Instead of spending hours, days, and weeks with a long list of potential candidates, you will be provided with a few potential candidates that are a fit from skill and company culture perspective. All you have to do is pick the one you liked best and you are good to go. 

Secondly, search firms save you a lot of money by minimizing the risk of a bad hire. According to studies, the losses incurred due to bad hire especially in executive-level positions can run in crores and this is just the time and resources wasted in the hiring process. The damage it could do to the morale of your other employees and the overall retention rate is another silent damage, companies fail to ignore. 

Expertise - Hiring is a skill that requires a few years to master. So rather than waiting for your in-house staff to become miracle experts, it is better to outsource your hiring to the actual experts who are in the recruitment fields for years. These experienced professionals act as a sounding board and not only help you in recruitment but also help you in planning and strategizing for it in advance. In other words, these professionals can foresee the incoming demand for a new role in the company and can suggest you start the hiring process before the absolute need arises. 

Access To A Wide Network Of Potential Candidates - The screening approach that these firms follow in order to find the potential candidates is quite different from your in-house team. Instead of waiting for the right candidate to come forward on their own, they go on an all-out search for the right candidate and screen their existing pool thus getting you the best potential candidates in lesser time and more efficiently.

How Hiring Executive Search Firms In Mumbai Can Help You Eliminate The Cost Of Bad Hires In Your Company

Did you know that the cost of a bad hire, especially at a senior level, runs in Crores?

The Costs Include:

·      Training the new hire

·      Advertising a new position every time you are hiring or rehiring

·      Lower team morales

·      Decreased productivity

·      Hours spend screening each candidate

·      Interviewing potential candidates

·      Shortlisting and re-interviewing potential candidates

·      Performing background checks

·      And much more

Shocking Isn’t It? 

Companies tend to use an effective in-house human resource recruitment process. But how effective it is in real life is something prone to debate at every stage of your business. An effective hiring process, in unbiased terms, is simply a streamlined hiring process that not only reduces the costs of hiring the top talent in the market but reduces the turnover rate providing the company a much stable leadership setting the company on the path of productivity and growth.

So How Best To Eliminate The Cost Of Your Bad Hires In The Long-Run? 

The answer is simple - Hire a good executive search firm in Mumbai. 

Executive search firms in Delhi are specialized in recruiting professionals and get you the best talent available in the market. Here are some of the benefits your company can reap from getting the help of an executive search firm in Bangalore:

1. Quickly Fill Vacant Positions

Skilled candidates are in the market for a short span of time. So in order to hire the best, you need to act fast. Having a search firm can help you find potential candidates in a much faster way. The firm provides you a team of professionals who not only find the right candidates from their own widened network but also help you with the negotiating and on-boarding stages, thus making the entire process quick and painless for the top leaders of the organization. 

2. Hire Cultural Fits 

One of the biggest reasons for a higher turnover rate in the C-suite employees is when they feel that their core values do not resonate with the company values. Having a search firm is specifically beneficial here as they help find the candidates that are fit from both skill and company culture perspective. Owing to the years of experience working in the hiring industry, they have an eye to screen and judge which candidate would adjust better in your company environment thus providing you with lesser but meaningful options to pick from. 

3. Recruit Passive Candidates

Another way to eliminate the possibility of a bad hire is by widening your talent pool. Search firms have in-built talent pools that consist of both active and passive candidates, thus increasing your chances of a good hire and a better retention rate in the longer run.

3 Reasons Executive Search Firms In India Are Worth Every Penny You Invest On Them

Hiring top talent is something that affects every level of organization as well as every individual working for the organization. The ability to recruit the right fit for your C-suite is key to the ultimate success of a business and hence needs an expert hand working day and night for the cause. Top executive search firms can add incredibly valuable to an organization. Executive search firms in Gurgaon can work as a long-term partner and can help you find the right candidate in the most efficient and risk-free manner.  

Here are 3 reasons that can help you understand the worth of hiring executive search firms in India:

1. Time Lost Is Opportunity Cost

Hiring an executive-level post can be a tedious and time-consuming task that needs an army of dedicated in-house resources working day and night to find the right candidate. This can prohibit the day-to-day function from running smoothly thus causing a hit on the employee morale and overall productivity of the company. When you plan to keep the search in-house, the business leaders need to give dedicated time towards the job search thus hindering them from working on matters like running operations, handling employee relations, building partnerships with new businesses. Hiring an executive firm can not only speed up the search process but also saves business leaders a huge chunk of their time which they can dedicate towards the growth of the company. 

2. The Role Is Beyond Internal Expertise

Executive roles can be tricky, one-of-a-kind and need special expertise to handle. Having a search firm can bring in that much-needed expertise and years of experience and can help you in streamlining the process by laying out an effective job description, a state-of-the-art screening process, a much direct interview process, and a much smoother negotiation and on-boarding process. 

3. The Role Is New Or Needs To Be Rebuilt

Another reason to hire an executive search firm is if the role you are looking to fill is new or it needs to be rebuilt. Search firms have years of experience working in wide variety of industries and thus can help you with the technicalities of the job description as well as listing down the qualities you need to look for in the candidate when you interview him/her. The need for guidance increases exponentially when the position is out of the scope of the current business leaders and it is intelligent to lean on the experience of an executive recruitment firm.