As the economy continues its slow recovery, many organizations are looking for ways to stay competitive, gain market share, and be the first to innovate a new product or service. One way organizations are accomplishing these goals is by leveraging talent, including recruiting top talent, or stars, way from their competitors. However stars come with a hefty price tag, so often organizations must ask themselves the following questions:
Does it really pay off to recruit top talent in today’s economy?
What can be done to ensure that these star recruits will have the same success in our organization?
Both of these questions can be answered by using the ROI of Talent Retention Methodology. Using this approach provides organizations with a framework for calculating the true cost associated with recruiting star talent and uncovering the root causes related to star talent that may not be performing as expected. The methodology also helps organizations analyze the success and financial benefits of programs or initiatives that are put into place to help address these issues, including return on investment which will help them determine if recruiting top talent really is work the final cost.
Recruiting Stars: Does It Really Pay Off, published last year in the Journal of Corporate Recruiting Leadership, provides a more detailed example of how this approach can be used to determine whether recruiting a star performer pays off.
