How to Preserve Institutional Knowledge and Prevent Brain Drain
Brain drain is a situation where organizations are faced with older staff leaving and retiring at a faster rate than new employees reach equivalent levels of skill and expertise. This can be a problem in organizations of all sizes. While especially relevant to fast-scaling startups who often outpace their own ability to onboard effectively, brain drain impacts even massive companies with tens of thousands of employees. Preventing knowledge loss often means creating preventive strategies, effectively [...]
5 traits to look for when hiring a software developer
Software development is an intricate industry. On one hand, it demands a high level of professionalism from the specialists, and developers need a certain level of skills and knowledge to succeed. On the other hand, software development has a lot to do with soft skills, including the ability to communicate and empathize with clients and companies. Most hiring managers who work with software developers know the basic skills to look for in a candidate, usually [...]
How to set the right KPIs for your employees
āBusiness! Business! Numbers!ā This quote from āThe Lego Movieā reflects the idea of KPIs perfectly. In order to keep the business growing, everyone on a team should know whatās going on in the company right now and what has to be done next. But if a manager says: āWe have to do better next month!ā it can be understood in a dozen different ways. Should we do better in terms of motivation? Does it mean [...]
The cost of recruitment – are you maximizing your ROI?
Recruitment is costly. Companies spend on average USD$4,000 on attracting and hiring a new employee - $4,000 that could be better spent elsewhere - especially if that new hire turns out to be a new disaster. Join us, as we take a look at the hidden costs of recruitment, and how you can maximize your return on investment by securing the best talent for your business. The trust costs of recruitment No matter whether a [...]
How to Implement Strategic Talent Management
Managing a workforce over time, as organizational needs change, is one of the most difficult jobs handled by HR. Strategic talent management is the process of optimizing recruitment, hiring, and internal development in line with business goals and needs, so that the workforce is always ready to meet those goals. Although many HR teams donāt implement talent management beyond the basics of acquiring, hiring, and retaining skilled individuals, strategic talent management can offer a great [...]