Build or Buy Talent Strategy
SUPPORTING BUSINESSES NAVIGATE PAIN POINTS OF EACH STAGE OF GROWTH
Recruitment Strategy & Process
What is a Recruitment Strategy?
BDO's 6Bs of Talent discuss various different ways to manage talent, with the most important 2 Bs being:
- Buy - recruit from the marketplace
- Build - promote internally
A recruitment strategy outlines your preferred route to fulfil your talent needs, to successfully operate your business & deliver your strategy.
What's the Difference between Build & Buy?
A BUY strategy prioritises recruiting from market while a BUILD strategy prioritises developing talent & promoting from within.
With avg. of 30% of new hires gone within 12 months, manager roles costing up to 200% of salary to recruit & become useful, its a risky business.
Developing & promoting talent retains knowledge, experienc & protects culture. Junior roles still depend on market recruitment but its cheaper & less impactful, if it goes wrong.
How do You Help?
Facilitate a recruitment strategy discussion & capture criteria to be used, to determine best strategy for different talent scenarios.
Work with you to design an appropriate recruitment process, tailored to different levels, & employment law compliant. For example, hiring for a junior role typically looks different to hiring for a senior role.
For managers involved in interview process, train them to interview effectively & within the law.
For senior hires, can support interviewing & evaluation on a role-by-role basis.
How is this service delivered?
Designing recruitment strategy, process & training - virtual or in-person, depending on location & travel budget.
Employment Law compliance - Irish & UK law can be supported.
Senior hire recruitment - in-person provides best results. Ireland & UK can be supported.
What are the Other 4 Bs?
Borrow, Bind, Boost & Bounce
Borrow - outsource, partner, second, outsource. Bind - identify key employees & how to retain them
Boost - identify Hi-Pos & how to expedite their talent
Bounce - identify poor performers & manage them out of the business
What Else do We Need to Support Effective Recruitment?
To effectively implement your version of 6Bs, you need:
- Strong on-boarding process, actively managed
- Performance management process that actually identifies poor performers & high-potentials/performers
- Team leads need effective on-the-job training skills; managers need effective coaching skills.
Still have a question?
Click the Contact button below and send me an email. Or scroll down and book a 30-minute complimentary clarity call.
Book Recruitment Strategy Workshop
Ready to jump into designing your recruitment strategy? Book your 2-hour design session today.
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Have questions that a 30-min chat would resolve? Book your call now.