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How Do You Define Talent Management?

How Do You Define Talent Management?

“Nothing is more important than the quality of hiring.” Eric Schmidt, Chairman of Google (Schmidt & Rosenberg, 2014). Talent management is clearly one of the biggest challenges for business in the next ten years. Recruiting and retaining top talent is already a top priority for most businesses.  The major challenge will be in adjusting your …

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What Qualities Make a Great Manager?

What Qualities Make a Great Manager?

Great managers inspire talented people to stay with a company. Even if a company offers inspiring leadership, great benefits and perks, good pay and training programs, employees base their tenure on the quality of the relationship with their manager. Successful talent management requires managers to consciously engage employees to perform at their highest levels.  Managers …

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Are Your Performance Incentives Driving the Results You Want?

Are Your Performance Incentives Driving the Results You Want?

For decades, designing incentive programs was about finding the right mix of compensation and benefits such as health insurance and vacation time. Those days have come and gone. Business organizations now understand that a personalized incentive system is essential to attracting, motivating, and developing talent. So why are only a few companies doing it? Incentives …

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What Predicts Turnover?

What Predicts Turnover?

Employee turnover is a problem for many companies.  In most industries, the top 20% of people produce about 80% of the output (The Pareto Principle).  We all want to hire these top 20% (top performers). And when we do hire them, we want to retain them.  However, these talented people get lots of offers for …

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Why Calculate Cost Per Hire?

Why Calculate Cost Per Hire?

Every company needs to know their cost of turnover for each key position.  Cost-per-hire tells you what it will cost to replace someone who quits or was terminated.  Tracking costs is something most companies are doing anyway.  Giving extra attention to small or hidden expenses in your recruiting and hiring process will display the total …

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The Value of Talent Management Strategy

The Value of Talent Management Strategy

The Benefits and Outcomes Greatly Outweigh the Costs for Talent Management Strategy At HireSmart, we like to show the Return on Investment for a well-executed talent management strategy. The pay-offs are numerous and easily measured! A well-executed Talent Management Strategy allows business owners and shareholders to enjoy the benefits of: Quickly knowing who should be …

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First Steps to Better Hiring Decisions

First Steps to Better Hiring Decisions

Hiring Mistakes Cost Much More than Money As a hiring manager, you need the best quality information available on your applicants. Much of the information you collect on applicants is often embellished including resumes, references, work history and interview responses. You need to make sure you also have “accurate, objective information” that has not been …

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