The True Cost of Not Having a Talent Management Strategy

Webcast Highlights:

• Building a Talent Acquisition strategy – Vital to success
• Crushing the competition - Acquire the right talent
• Avoiding costly pitfalls - Develop & retain the right hire
• True data points surrounding spend and performance - Track and gain insight

In today’s hyper competitive employment market, it’s not only a challenge to find the right people to fill your critical roles, but also to develop those employees to ensure a higher percentage of retention. Without a talent management strategy, a company with 2,000 employees is losing almost $2 million every year in preventable turnover alone. The U.S. spends $105 billion a year mitigating the wrong hiring decisions.

On top of that, 75% of the workforce already has a job. Passive candidates are rich in experience and highly skilled in areas of expertise and will most likely be your next hire – if you have a strategy in place to snag them. To avoid costly hiring errors and land the right person at the start, a quality talent management strategy is imperative.