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HCI and Aerotek Uncover Business Practices Most Influential in Fostering Top Talent [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) The Human Capital Institute (HCI) reported the release of its latest research, "Recruiting Top Talent: Investing in Quality." According to a release, conducted in conjunction with Aerotek, the research highlights the compensation practices most conducive to attracting and retaining top talent. The groups noted that employers today face a number of challenges in finding the qualified talent needed to fill key positions and help advance business goals. A perceived lack of skilled talent is often cited as one of the biggest reasons why companies struggle to find individuals with the necessary competencies. However, others contend that this skills shortage does not exist, and that companies are simply unwilling to pay candidates enough for in-demand positions. In the report, the Group noted that more than half (51 percent) of respondents' companies pay below their market industry competitors, and respondents were two times more likely to say they struggle to fill senior positions if they pay less than their competition. "With specialized individuals and senior-level talent in higher demand than ever, a company's ability to attract and retain top talent is a critical component in the overall success of their organization," said Dave Poling, director of Recruiting Operations at Aerotek. "Employers should view their talent as an investment rather than an expense, with the understanding that higher compensation can lead to more qualified candidates, increased productivity and greater levels of engagement and retention." "Our research revealed a simple, yet often dismissed, aspect of talent acquisition: to attract and retain the best talent possible, organizations must be willing to pay more than their competition," said Carl Rhodes, HCI's chief executive officer. "If this is not possible, then companies should strive to invest in their employees' ongoing professional development to prepare them for meeting future needs of their organization. Not only will this help the company to avoid potential later struggles for top talent, but it can also elevate the skills of the entire workforce and improve both engagement and retention." The research report was conducted based on a survey of 571 respondents representing global organizations of a variety of industries and company sizes. HCI said it also held in-depth interviews with several experts on the topic. HCI and Aerotek have made "Recruiting Top Talent: Investing in Quality" available for complimentary download online. Aerotek is a provider of technical, professional and industrial recruiting and staffing services. HCI is a global association for strategic talent management. More Information: www.hci.org www.hci.org/content/research www.Aerotek.com www.Aerotek.com/RecruitQuality ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |