Essential Strategies to Attract and Retain the Best Talent 

The number one factor that will make or break your organization’s future success? It’s not tech or AI. It’s your workforce. 

Just ask the experts. More than 80% of the World’s Most Admired Companies (WMAC) say that people are more important than technology to their business. 

But attracting and retaining talented employees is more difficult than ever. Korn Ferry estimates that​ by 2030, the demand for quality talent​ ​​will outstrip supply. ​ 

CHROs need to create a robust talent strategy now to get ahead of the game and prepare their organization’s workforce for years to come. But how? 

In this eBook, we outline five critical questions you need to ask to create such a strategy. And crucially, we arm you with the toolkit you need to answer them.  

1 What Skills Do I Need for the Future?  

The first step to finding the best people is pinpointing what talent means for your business.  

We outline how to define your organization’s objectives, assess your market and its current landscape, and think about what your needs will look like down the line. We use a real-life case study as an example to illustrate how you can put this into practice.  

2 How Do I Find People with Those Skills? 

Although 64% of CHROs are confident that they know the skills needed for the future of their business, only half know how to acquire them. 

Our eBook reveals four crucial ways leaders can acquire talent with the right in-demand skills. These range from data-driven recruiting strategies that target key prospective employees to developing in-house talent pools that can fill your required skills gaps.  

3 How Do I Attract Top Talent?  

Korn Ferry research shows that there is an increasing gulf between the demand for skilled employees and the supply—so there’s never been a more critical time to employ industry best practices for hiring top talent. And yet, 72% of HR leadersdon’t feel they have an Employer Value Proposition (EVP) that will attract the right employees to their business. 

Our experts reveal key approaches that can make leading talent choose your organization over the competition.  

4 How Do I Select Top Talent?  

​Data shows that people who are a strong fit for their role are, on average, eight times more likely to thrive within an organization compared to someone who is a poor fit. But assessing candidate suitability is more nuanced than ever, and traditional screening methods no longer get the job done.   

We detail the importance of taking a skills-based approach to hiring and reveal how to put this into practice in your organization, whether your focus is on Recruitment Process Outsourcing (RPO), Executive Search, Interim, or otherwise. 

5 How Do I Keep Them?  

Attrition costs your business more than just knowledge and experience: on average, you’ll pay between ​​120% and 200% of an employee’s original salary to replace them. Once you have the right talent in place, it’s vital to keep hold of them if you want your organization to thrive.   

Our eBook outlines how to improve employee retention through designing a company culture that prioritizes mental health, dialogue, and a sense of fairness. 

Talent Acquisition

Finding talent that sees you through today and tomorrow

How to Attract and Retain Top Talent  

Your workforce is your most important business asset, so it’s essential that you put strategies in place to attract the right people—and retain them for the long haul.  

Ready to build a successful talent plan to take your business to the next level? Download our eBook to discover how. 

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