Human Resource Staffing Teams Help Companies Fill Important Openings
It could be time to call it quits. It could be time to retire to your mountain home and quit the day to day grind of going to work. You have made a lot of money in the first 27 years of your career. You have invested it well. You have earned the opportunity to slow down.
The problem is, however, you really do no want to quit. You do not want to retire. In fact, you are not really that interested in even slowing down. After spending the first 25 years of your career in the commodities department of one of the nation’s largest frozen food companies, you found yourself talking to a restructuring consultant about what was going to be the end of a very lucrative career. The restructuring consultant was presenting you an incredible package from the company, and was pretty straight forward about how things would play out if you were not interested in the offer. Instead of fighting the change, however, you quickly accepted to the package and were pleasantly surprised with what transpired within the next week.
Instead of taking some time to think about what you might want to do, you were contacted by a team of executive search consultants who were looking for a financial adviser for a new green energy industry. This start up company needed some strong financial advice about their new company. Even though you had spent your career in the frozen food industry, these executive search consultants were certain that you would be a good fit for this newer company in a different industry.
And now after the two year commitment is up, you find yourself wondering what is next. You liked the process you were involved in during the last 24 months and the executive search consultants indicate that there are plenty more similar opportunities available. In fact, by working with a talent acquisition management service, you could likely have many more years of economic opportunity and significant income.
In Today’s Changing World, New Industries Require the Guidance of Proven Executives
The recent research from the U.S. Department of Labor estimates that the average cost of a bad hiring decision can equal 30% of the new hire’s first year?s potential earnings. This means, of course, that a mistake in hiring and placement can be very costly. And, in addition to the financial impact, the wrong hire can also damage morale and productivity. And while finding the right employee can be challenging, creating an environment to encourage the newest employee to stay can be more difficult. Finding creative ways to encourage employee retention, in fact, is essential. Did you know, for instance, that 86% of companies indicate that they use employee recognition programs cite an increase in worker happiness?
What is the status of your company’s executive staff? Do you have the team you need to help you create the success and the environment you need? Today’s business world is changing. While many companies are producing products and offering services that were unknown just a few years ago, some of the basic administrative team assets can still determine the success of these companies.
Executive search consultants can not only help your team find the new hires that are needed, these staffing professionals can also help your company anticipate what you made need in the future. In fact, restructuring consulting firms can help you make the most of any acquisition, merger, or company sale.
Although many companies are successful at producing the goods that that sell and the services that they offer, this does not always translate into understanding the intricacies of the HR and talent acquisition and retention processes. Making the decision to work with a team of professionals like executive search consultants can be the difference between a great hire and a bad hire. It can also mean the difference between keeping a great staff member and losing that person. Understanding the reason to go outside of your own firm and hire the staffing personnel that you need is understanding the value of strong hiring and retention services. Make sure you are not one of the 57% of organizations that view employee retention as a problem.
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