To Buy or Not To Buy Talent?

Blog located in Culture posted on June 26, 2014

Do you have the right talent with the necessary skills? Do you have the specific talents to take on certain role(s)?

Can you accept lower productivity out of the gate? Can you afford to train someone?

The Real Question

To buy or to build is the REAL question.  Your decision will impact your financial performance. Appointing people internally reduces your turnover rate. When your employees are engaged, they work on improving the environment around them. They embody creative energy and create contagious energy. They seek challenges and find solutions.

Research has shown that engaged employees contribute to increase your financial performance.

Make Time

To develop a culture focused on building internal talent, you need to make talent a strategic priority. You need to spend more time on developing your employees. Go beyond the baseline conversation about goals.

Ask your employees what they want to accomplish and what they feel their opportunities for improvement are.  When someone completes an assignment, celebrate both the outcome and the learning, especially if the assignment wasn’t completed as smoothly as everyone would’ve liked.

Be Strategic

What if you can’t afford to train someone?  You might have to consider buying “strategic” talent in order to fill the gap faster.  How long will you be able to retain that talent? Be prepared:  your competition might be buying that same talent from you!

Note to Self

Your best option is to build talent. The aim is to create a pipeline of talent so that your business always has the skilled and experienced people it needs. Start now.

In the end, of course, getting the right person for the job is the priority and sometimes that might mean having to look externally. You need to be clear about the significant benefits of drawing on internal talent. Don`t lose sight of  the impact on your bottom-line results.

If you are a small business and would like to stop losing time and money on future hiring mistakes, tweet me on TWITTER, like me on FACEBOOK join me on LINKED IN – and let’s talk. 

Small Business Owners must also be HR Experts! 
No one said managing people was easy.  Staffing costs are increasing monthly.  Mis-steps are painful, damaging to your reputation, and can very expensive! 

Get on the road to developing your Small Business HR Expertise today.   
Schedule a complimentary consultation with Aline Ayoub.

Take control of your workplace productivity and culture. Secure the path for healthy profits and growth. 
I want to schedule a consultation with Aline!
We will be in touch within 24 hours. 
close-link
SIGN ME UP!
Multi-generational

No HR Dept?
No Problem!

Sign up for tips on handling today's trickiest HR issues! 

close-link
Subscribe
I WISH TO TAKE A FREE ASSESSMENT

Do you qualify for a complementary online HR Assessment? 

Enter your first name and email for a complementary HR assessment.
close-link
SUBSCRIBE

Solve your recruitment issues, finally! Stop wasting money on bad hires. 

Enter your details to receive further information on how you can receive your Recruitment Fix It Plan for Small Business.
close-link
SIGN UP

Register for Aline Ayoub's
Bill 148 HR Boot Camp.

Select your date and enter your details to register. We will email you further information on the webinar.  
close-link
SIGN UP

Register for Aline Ayoub's
Bill 148 HR Boot Camp.

Select your date and enter your details to register. We will email you further information on the webinar.  
close-link
SIGN UP

Don't let Bill 148 create risks to your growth and profitability!

Aline Ayoub provides complimentary professional assessments. If you need an action plan, she will work with you to get that in place quickly and affordably.
close-link
I NEED AN ACTION PLAN!

Take Control of your Business Culture

Don't let a bad case of company culture malaise eat away at your workplace morale and profits. 

Develop a Workplace Culture Action Plan quickly and affordably with Aline Ayoub’s guidance.
close-link

NO HR DEPT?
NO PROBLEM!


 

Sign up for tips on handling
today's trickiest HR issues!

 
We respect your privacy :
SIGN ME UP
close-link