Effective Talent Management Strategies Translate
Into Greater Profitability –
Talent Management is one of the most significant factors in increasing productivity and profitability in nearly all organizations. The ultimate goal with talent management strategies are matching positions to personalities, allowing employees to use their natural abilities and tendencies to excel.
Bartlett Consulting Inc. helps create and implement talent management strategies to greatly increase productivity and reduce overhead. The strategy includes using accurate personality profiles for effective talent recruitment, allowing individuals to function at their highest levels. When individuals and team members are in roles suiting their skills and personality, the results affect every aspect of an organization, delivering the following:
- Higher productivity and effectiveness
- Lower cost through reduced staff turnover
- Improved client relations
- Greater job satisfaction
Effective Talent Management strategies can improve the bottom line of a business by impacting how the business functions in two broad ways.
Talent Management Impact #1
Properly placed and motivated personnel can reduce expenses. Depending on the circumstances, a great deal of savings which goes directly to the bottom line. Research shows poor candidate selection alone can result in a hard cost of 40% of the position’s annual salary and soft cost of 3–5 times the amount in missed opportunities, low morale, lost productivity and negative team impact. For any business this is an unwanted expense. For mid-sized and small business, too much turnover can cripple growth, reduce profits and even cause a business to move backwards.
Talent Management Impact #2
With effective talent recruitment, talent retention improves along with continuity of service to clients. Improved client contact, refined teamwork and more focused performance naturally produces sales growth by the right individuals poised to excel.
Fundamentals Of Talent Recruitment –
Expert Research, Norms, Reliability, and Validity
People possess talents as well as personalities. The challenge employers have always had is finding the right individual for each position.
Bartlett Consulting Inc. is uniquely positioned to develop talent strategies, beginning with effective talent recruitment which leads to talent retention. We retain the leading experts in the fields of psychometrics, industrial/organizational psychology and employment law.
One of the tools we use is the DrakeP3 system, which was developed based on extensive psychological testing and research. Psychologists tend to agree the most effective and orderly way to understand and assess behavior is in terms of a limited number of basic traits. This idea is certainly not new; however, the development of objective instruments to quantify these traits is a fairly recent development. The DrakeP3 system uses the most advanced technology to best utilize these psychological findings.
With 25 years of development research, the DrakeP3 system was created to measure the basic traits or dimensions of a personality representing interpersonal functioning in the workplace. Research found four-factor sets were similar enough in content to be given the same names: Dominance, Extroversion, Patience, and Conformity. Using these same behavior traits, the DrakeP3 system enables you to see the intensity of each behavior within an individual’s personality.
Each Individual Profile includes:
- Behavioral Tendencies
- Workplace Tendencies
- Behavior Flexibility and Career Mobility
- Sensitive Areas
- How Co-workers See You
- Proactive Tendencies
- Potential Reactions to Conflict
- Decision Making Style
- Leadership Style
- Current Energy Level
- Motivational Needs
- Stress Levels
- Emotional Intelligence
- Conscientiousness
*DrakeP3 Research monograph, validity and reliability research available upon request.
Fundamentals Of Talent Retention
Research shows 87% of people, who leave or change jobs, do so because of a personality or
culture clash. DrakeP3’s ability to avoid these clashes leads to a dramatic improvement in staff
selection and retention.
Think about it. Almost 9 out of 10 employees who left your organization have left because of discomfort with the culture of your organization or an individual conflict within the company. Think how avoidable the expense, disruption, and confusion of some of those employees leaving is and how easy it might be to stop the trend.
In fact, Bartlett Consulting Inc., using the DrakeP3 tools can help reverse the trend by creating an atmosphere of cooperation, growth and excellence.
Find out just how accurate the DrakeP3 system is—take an individual profile for yourself. See how precise the DrakeP3 assessment is and why DrakeP3 is the ProfileXpert.
Contact Bartlett Consulting Inc. to assist you in Talent Management Strategies including Effective Talent Recruitment and Reliable Talent Retention