Lindsay Witcher VP, Practice Strategy, RiseSmart, Zachary Chertok Research Analyst, Human Capital Management, Aberdeen
HR departments are facing the perfect storm: Attracting top talent has not only become a battle; it’s become costly, too, as companies hire externally to find the right people at the right time. Employee turnover is also rising just as baby boomers are retiring, leading to skills gaps that can damage market competitiveness. Meanwhile, three-quarters of HR departments face calls to reduce labor costs. Today’s reality: Shrinking tenure, increasing front-end talent acquisition spend, and comparatively long initial training periods compared to average employee tenure leave organizations at increasing risk of not breaking even on their employee onboarding investment. The average company’s talent acquisition spend outpaces its internal performance management by a factor of up to 2 to 1.
There is a way to navigate out of the storm: Redeployment. To do this correctly, HR needs the right tools to reconcile cost management, employee tenure, and organizational skills development. In this webinar, find out how you can shift to a long-term talent employability through career mobility strategies that incorporate the overall value that existing employees bring.
- How Best-in-Class HR and talent acquisition teams are embracing redeployment strategies
- How these strategies are improving key metrics, such as employee tenure, the likelihood of sourcing and hiring top talent, labor productivity, and new revenue generation
- Strategies and tactics to institute a redeployment program in your organization