Innovation and the War for Talent

“Coming together is the beginning. Keeping together is progress.

Working together is success.”  – Henry Ford

Any top manager will tell you that a great team member is worth his or her weight in gold. In today’s competitive market, leaders everywhere are mining for that gold from a hard-to-find elite talent pool. However, university recruitment programs, progressive international job opportunities, and the freelance market are quick to attract the latest up-and-comers, while industry stalwarts often keep established talent at their posts. So, what is a fresh, talent-hungry organization to do? Well, here’s a few tips and tricks from the ThinkTank team, for gathering the brightest, most effective team possible.

  • Mission Possible: Fancy logos and lush office spaces do attract a lot of talent, but truly enthusiastic employees are also drawn to an organization’s dedication to its mission. In the contemporary war for talent, passion is the great equalizer. If you’re building something great – or changing the game in a meaningful way – and can effectively communicate that purpose – young innovators will be eager to be a part of that.
  • Benefits Crush the Doubt: Compared to their European counterparts, members of the American workforce are legally entitled to far fewer benefits. Think: maternity/parental leave, paid vacation, and health insurance coverage. These logistical options can even precede salary in priority when considering a position. So, obviously, maximizing your organization’s offerings is definitely worth a second look. Not sure where to start? Flexible working hours, gym membership reimbursement, and unlimited snacks do not cost HR very much, but can make a world of difference to hardworking employees.
  • Think Out(sourcing) the Box: Some departments, like cyber security or data analytics, simply are not in the budget for small to medium-sized corporations. But outsourcing talent from an agency or B2B business can be tricky, especially if it lies outside of your area of expertise. That’s why it’s best to consult with experts on any outsourcing plans to ensure that you’re getting the best deal and the best people for the job.
  • I’ll Trade You: Despite unemployment trends persisting, several sectors remain severely under-served. Many of these jobs are trades like welding and infrastructure repair. Frequently undervalued, these employees serve as the invisible core to most businesses. Thus, it’s important to treat them well with good wages and benefits, and to recognize them as integral members of the team, connecting their contribution to the overall mission in a tangible way. If finances permit, consider offering tuition reimbursement to trade schools, to attract the freshest, most motivated talent to your mission.

 

About ThinkTank: We’re a company that’s maniacally focused on aligning leaders with teams and teams with great leaders.  The top 5 reasons for the success (or failure) of your organization’s ability to execute or adopt a new way of working are all related to your people.  So, don’t forget to show them some love.