New Trends in HR: The Chief Talent Officer

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

More to Discover

Webinar: Critical Thinking: An Essential Skill in Turbulent Times - 12/17 @2pm ET

Webinar: Critical Thinking: An Essential Skill in Turbulent Times - 12/17 @2pm ET

Logic. Reason. Rational thought.In the heat of the moment—especially during volatile and turbulent times—we can lose sight of our ability to solve key challenges. Emotions prevail and hasty actions create bigger problems that could have been prevented with a healthy dose of critical thinking.Register for our upcoming webinar to learn best practices on expanding your ability to think critically when the unexpected happens.In the session, we will discuss building this essential skill and how it can help you: Evaluate options Solve problems Resolve conflict Make confident decisions Improve your negotiating Help influence others Speaker: Deb CalvertDeb Calvert is the president of People First Productivity Solutions and a former HR executive...

Webinar: Manufacturing & Construction Industry Spotlight: Ask an HR Expert

Webinar: Manufacturing & Construction Industry Spotlight: Ask an HR Expert

We’re providing an hour with leading Manufacturing and Construction expert Jon Thurmond to answer your most pressing HR questions as they relate to the unique challenges in manufacturing.This is a great opportunity for you to get complimentary HR expertise for your organization.Speaker: Jon Thurmond Jon Thurmond serves as the Mid-Atlantic Regional Human Resources Manager for Team Fishel, a utility engineering and construction firm. His experience includes working across multiple industries in roles encompassing Employee/Labor Relations, Recruiting, Training, and HR leadership.

Case Study: Unified Wire and Cable

Case Study: Unified Wire and Cable

A lengthy, manual timekeeping and payroll process prompted Unified Wire and Cable to seek a modern, streamlined solution with Paycor. “Paycor is on top of it. I don’t have to worry about a change with the tax code or child support a garnishment because Paycor just takes care of it. Everyone at Paycor really knows their stuff.” - Cathy Haener, controller, Unified Wire and Cable Prior to Paycor Unified Wire and Cable, based in DeKalb, Ill., had a disjointed timekeeping and payroll process that took a lot of time to compile and was fraught with potential for errors. HR leaders had to manually gather the in/out punches from the timeclock, tabulate total hours worked, separate overtime and double-time, and add vacation time or any...

A Paycor Survey: The State of the Long-term Care Industry: 2021

A Paycor Survey: The State of the Long-term Care Industry: 2021

Paycor surveyed HR and finance leaders in the long-term healthcare industry to find out what they’re thinking at the close of the year and how they’re planning for 2021. Paycor delivers these insights to help you better understand what you need to do at this critical moment. Download this survey to learn about: Part 1: Compliance Long-term Care (LTC) Providers are 17% more concerned about compliance than other industries, with 77% saying they expect compliance to be more of a concern in 2021. However, a surprisingly large minority (39%) of LTC Providers don’t use HCM to mitigate risk. As we dug deeper, we found only 8% say their HR technology is “very effective” at mitigating compliance risk. It could be that the leaders of LTC...