ClearCompany serves as a holistic core for all elements of the talent strategy to maximize organizational efficiencies and performance.
Despite a widely appreciated and forecasted US talent shortage for years to come, only 1 in 5 businesses are implementing methods different from traditional talent practices. Further, only 1 in 10 are exploring new talent sources, providing additional training and development to existing staff, or implementing alternative work models. (1)
As the need for depth and breadth of skill increases, the price of top talent increases for businesses.(2) Despite this, spending on employee development and training is among the most discretionary of all business spending* categories even though investment in this area has proven to close the skill gap across current employees and improve employee retention. (3)
“A players” are 400% more productive than other employees (4). A players need to be cultivated with intentional effort. They need to be purposefully sourced, acclimated, engaged, recognized, developed and promoted in the organization. Each of these HR processes needs to be integrated into the one focus: attract, engage and retain A players.
Training efforts fail when organizations don’t embed the same behaviors being trained into the behaviors that are being hired, evaluated, coached and promoted. Integrating key competencies and measures for success into all HR processes makes training initiatives more effective and sustainable. (5)
(*1, source: ManPower Group Talent Shortage Survey 2015) (*2, source: Harvard Business Review, ‘Employers Aren’t Just Whining – the “Skills Gap” Is Real’, James Bessen, August 25, 2014) (*3, source: Forbes, ‘Spending on Corporate Training Soars: Employee Capabilities Now A Priority’, Josh Bersin, February 4, 2014) (*4, source: Who by Geoff Smart and Randy Street) (*5, source: Deloitte Global Human Capital Trends Report 2016).