How to increase employee engagement

Talent Management
Increasing the Value of Your Human Capital

Reduce costly losses and maintain a talent pool for succession planning by targeting the root causes of turnover and providing opportunities for employee development.

Talent Management is a broad term that is best associated with three specific HR disciplines:

  • Talent Acquisition/Retention
  • Performance Management/Training
  • Workforce/Succession Planning

The key is whether your company can fully integrate these individual disciplines to increase employee engagement, achieve high productivity, strong leadership, and retention of top talent while controlling costs.

The average turnover cost is 150% of an employee’s annual salary. For example, an average salary of $50,000 will have a turnover cost of $75,000. For a mid-size company with 1,000 employees and a turnover rate of 10%, the annualized turnover cost is $7.5 million!

With the right metrics – and solutions – your company will view its training budget as an investment rather than a cost, and begin valuing and treating high performing employees as “volunteers” that can’t be replaced.

We can help you establish a process for early identification of talent and employee development issues to ensure a knowledgeable and diverse candidate pool to meet the company’s growth, challenges and business strategy.

How can HCI Improve Your Talent Management?

  • Causes of turnover can be multi-faceted, complex and difficult to analyze. Analysis of employee demographics and turnover data can provide root causes for turnover that can then be translated into cost saving retention programs and initiatives. We can help you keep your hard-earned revenue and profits from flying out the back door with every regrettable loss.

  • In today’s economic landscape of doing more with less, acquiring talent with the knowledge, skills and ability and retaining that talent for development and promotion are key to a company’s success. We can examine your processes and build a system that will meet your current and ongoing needs.

  • There are many training options available to organizations from e-learning to hands-on, on-the-job training. Your company may need a blend of these training options depending on the job groups and deliverables. When you don’t have the internal expertise to select the most cost effective process with the greatest ROI, that’s where we come in.

  • Workforce planning is basically having the right people with the knowledge, skills and abilities, in the correct jobs, at the proper compensation, to meet the company’s business objectives. It is also forecasting and projecting future staffing needs. Our expertise is helping you insure that you are properly staffed AND preparing for future staffing needs.

Contact us for a free consultation and discover how you can establish solid plans to steadily increase the value of your human capital.