Top 3 Talent & Culture Struggles and Strategies to Overcome Them
Throughout the past two years, TalenTrust has surveyed over 2,000 executives of middle-market companies on their talent and culture strategies. Through these surveys we have identified the top three biggest struggles faced by businesses today. In our upcoming 2023 Solutions eBook, we will dive into this research and provide actionable solutions and peer-level insights on how to combat these issues in your business.
Keep reading for a sneak peek of the Top 3 Talent & Culture Struggles from our upcoming eBook. To be one of the first to receive a copy, click the button below!
Here's a sneak peak of the top 3 talent and culture struggles middle-market companies are facing today:
Only 16% of executives tell us they can attract and retain the right talent to grow their business in a timely manner. And if they do find the right people, executives say it takes longer and costs more than it should.
How can you tackle this?
Strategic Recruiting: Engage consistently and thoughtfully with prospective candidates in the pool to begin creating a relationship (On average, it takes at least 8 touches before a meaningful conversation is had.)
78% of executives surveyed said that they are insufficient or failing in areas of leadership development, and 4% of companies also reported that their managers feel threatened by other talented individuals and will avoid hiring/promoting them
How can you tackle this?
Leadership Development: Help your leaders manage change and facilitate open conversations around growth goals for the company and individuals. And don't forget about the soft skills - encourage leaders to practice empathy, transparency, and accountability.
Systems for Efficiency
Only 21% of executives have the right technology and processes in place to help effectively manage their recruiting, onboarding, and engagement processes.
HOW CAN YOU TACKLE THIS?
Systems for Efficiency: Investing in the right Applicant Tracking System (and other technologies) for your business will help to automate workflows and organize recruiting efforts. Companies that have mature talent systems in place see a decrease in nearly 30% of their HR professional's time spent on transactional work.
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Why we stand apart
Our Recruiting Process
We are not your typical recruiter! We view recruiting as a sales process. Using our proven, holistic, and personal approach, we build you a pipeline of highly qualified candidates with the right culture.