As a company grows, most leaders struggle with challenges like high turnover, low productivity, employee disinterest, and decreasing retention rates. Regardless of their effort to perfect their business design and strategy, there always seems to be something going wrong. If this scenario seems familiar to you, you may be struggling from a talent gap. To close this gap, you must consider talent optimization.
What is Talent Optimization?
Talent optimization helps align employees with a company’s business strategy so that both the company and its people can perform to their total capacity. This is done by taking into account the people data of your company and then using that data to diagnose, design, hire and inspire. People will be able to work together at their best when talent optimization is in full effect, thus leading to your business’ success as a result. Talent optimization is crucial for every business–here’s why.
Fights Against Disengagement and Low Employee Productivity
Employees who are actively engaged in their work will often perform significantly better than those who are not. When people are disengaged, they are less likely to be as productive. Talent optimization alleviates employee disengagement by strategically designed processes that help align the right employees to the company’s values, culture, job, and team. Additionally, the discipline of talent optimization provides managers and leaders with the critical tools and skills to effectively coach and connect these employees. According to a report released by Predictive Index, employee performance and productivity is the top concern for executives, thus meaning that a less disengaged workforce can make a big difference for these executives.
Retains Top Performers
Without optimizing your talent approach, it is difficult to retain top performers. Top achievers make a massive difference in how a company succeeds. When you lose them, they are extremely costly and challenging to replace, not only in valuable dollars but also in skill and talent. Talent optimization prioritizes maintaining high-potential employees by hiring the right fit for the position. When companies hire the right person for the job, they can expect to retain these leading performers much longer because they fit most aspects of the company and position, meaning they will likely be more engaged and inclined to stay.
Translates to Overall Business Success
Most companies fail to realize that their success depends on their people. People are one of the most critical and costly assets of an organization. There are fewer expenditures dedicated to hiring and training new employees when talent is being optimized because of increased retention rates. Additionally, optimizing your talent requires you to inspire your employees, thus creating an atmosphere of success. This enhanced atmosphere helps motivate employees to achieve their goals, which also leads to a company achieving their goals.
Want to optimize your company’s talent but don’t know where to begin? At Vega Inspired Solutions, we are here for you. Contact us today to see how we can help you achieve success and close your talent gap with our talent optimization service.