TalentPoint provides clients with consulting services that will enable your hiring managers to develop into expert Talent Managers. Once they become expert Talent Managers your business will surge to a new level of productivity as your people will not only be effectively managed but feel the business is truly geared to provide them with their individual path to success.
What is Talent Management?
“Talent Management is ensuring your organisation has the capability and capacity to deliver both the operational (todays) and strategic (tomorrows) goals of the organisation using the most appropriate resource”
What is a Talent Manager?
A Talent Manager is someone who manages the Talent for an organisation whether this be for a small team, group or for the entire organisation. They will be responsible for recruitment or acquisition, performance management, retention and outplacement of staff. They have responsibilities to both the organisation and the people ‘talent’, they engage to deliver services whether the individual is a permanent employee, temporary employee, contractor or resource provided by an outsourced consultancy.
Why is Talent Management so Affordable?
In most cases an organisation will reduce current HR overheads by introducing Talent Management. These savings are achieved generally in the following areas:
- Reduced recruitment costs.
- Reduced HR resource.
- Reduced overall staffing cost via strategic resourcing of organisations talent requirements. (Usually the result of getting the permanent/contract/outsourcing mix right).
The nature of good Talent Management is to understand the resources available to the organisation; recruitment therefore is a natural extension of that activity.
The following table illustrates the type of savings able to be achieved by Talent Management via the reduction of Recruitment Cost. The dollars will not necessary reflect your costs but the savings % might.
Typical HR Managed Recruitment Service (Company A hiring $80,000 Systems Engineer
| Recruitment Process Management |
$ 4000.00 |
| Recruitment Advertising |
$ 2000.00 |
| Recruitment Fee to agency |
$12000.00 |
Typical Talent Management Service (Company A hiring $80,000 Systems Engineer)
| Recruitment Process Management |
$ 6000.00 |
| Recruitment Advertising |
$ 2000.00 |
| Recruitment Fee to agency |
$ Nil |
This scenario shows a savings in excess of 100% via the organisation being able to source candidates directly via their Talent Manager. These savings can also be expediential when a company is recruiting multiple people.
Talent Management however is not just about cutting recruitment cost. A good Talent Manager will assist the organisation to reduce delivery risks, other associated talent management costs and more importantly, improve productivity. They will provide a critical link between senior management and resources and facilitate to ensure risks associated with the loss of talent are minimised, as well as have the backup supply chain organised should you lose a valuable resource. They will challenge your hiring decisions and measure the results of any acquisition decisions made. Your Talent Manager will ensure you get the best from your resources whether they be a permanent, contract our outsourced individual.
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