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Winning the Talent War with Human Resource Outsourcing
The talent war is on. According to McKinsey and Deloitte studies, 87 percent of HR directors rate talent retention as their number-one priority, and 75 percent of corporate officers fear talent shortages. Talent management offers a coordinated approach to the problem, helping companies recruit--and retain--the best workers.
Outsourcing the Talent Management Strategy
Human resource outsourcing offers the comprehensive scope and expertise to execute a winning talent management strategy. An HRO provider has the resources to plan and execute management processes that foster and optimize talent. Specifically, an outsourcing solution can help businesses:
Human resource outsourcing experts are adept at analyzing a companys existing workforce and identifying talent gaps or inappropriately allocated resources. By partnering with an HRO, a companies can both expand their workforce through strategic new hires and extend their existing human resources. Common development strategies include training and leadership development programs, performance reviews, and internal promotions.
Talent Management Outsourcing Resources
HR outsourcing experts help companies develop the resources they need to recruit and retain high performers. Some of these resources include:
A 360-Degree View of Talent
Human resource outsourcing providers are uniquely positioned to help companies develop an integrated talent management strategy. Accenture talent management consultants Sian Beacham and Craig Mindrum explain, "With a global view across all the relevant dimensions, a provider can be a catalyst to bring together disparate initiatives and a facilitator to ensure alignment and focus. "
The birds-eye view not only helps to eliminate redundancies across the organization, but also keeps the entire human resources operation aligned with business goals. HROs promise "the strategic contextualizing of talent management." Achieving this coordinated and focused program requires an "ongoing alignment of workforce policies, investments, and performance with an organizations most critical business needs."
Its increasingly rare for workers to stay at the same job for more than five years. In this restless environment, businesses need to go the extra mile to retain top talent. Human resource outsourcing consultants offer talent management solutions that go to the heart of employee retention. Focusing on recruitment, training and development, and promotion, HROs help companies keep the high-performing workers on whom their future depends.