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New Trends in HR: The Chief Talent Officer

The world of human resources is in the midst of a fundamental shift.

Gone are the days when hiring consisted of simply receiving resumes and

conducting interviews: now, talent management is the name of the

game. To reflect that, some organizations are hiring a Chief Talent

Officer, or a senior executive who is tasked with managing talent

relationships.

What exactly is “talent relationship management”? Simply put, it is the

practice of maintaining relationships throughout the course of a

person’s career–even when they are not your employee. Implementing

this approach ensures that the best talent will come to you first when

they are ready to make a change. However, the traditional,

transaction-based HR role is not typically equipped to handle this. That

is why the Chief Talent Officer role makes sense.

Experts in talent relationship management are better prepared to handle

the following three workforce trends:

1. Short-term employment

Employees are changing jobs, and even careers, at a faster rate than

ever before, and short-term employment is now the norm. Young

employees now believe that they will work for 15-20 companies during

their careers, up from 5-7 just 15 years ago. This demonstrates a

shift in employment practices that every company must recognize.

With this shift, employers have to stop thinking that changing

companies equals disloyalty. Top talent will move around in order to

gain a competitive advantage in their careers. Viewing multiple

employers as a negative will sharply limit your available talent pool

and close your business off to many potentially impactful employees.

2. Boomerang hires

Following the trend of a mobile workforce, employers must consider

re-hiring employees. Boomerang hires—or employees that leave and come

back to your company—are becoming necessary to ensure long-term access

to the best talent. Allowing an ex-employee the option to come back

after they have gained skills and experience from other companies can

have a positive impact on your business. Plus, re-hiring can be

profitable, as rehires are generally productive more quickly than new

hires because they are already familiar with the way things are done.

3. Online presence

Social media and an employer’s online presence is more important than

ever in the hiring and talent realm. Many employers fail to prioritize

their online presence, but this can be a mistake. A number of websites

now exist that rank employers on everything from compensation to

benefits and perks. Plus, many people follow potential employers on

social media. So, use this online opportunity to your advantage. Smart

employers realize that social media is an outstanding tool for

storytelling and showcasing your employment brand.

Attracting top talent and maintaining relationships is critical, and

companies must keep up with the changing workforce in order to gain the

talent advantage needed for success. Learn how Paycor’s Applicant

Tracking solution can help

make your talent acquisition practices more strategic.

Source: Universum Global