Human Resources: Attracting and Keeping Talented Employees

Star employees -- how do you find them and how do you keep them? This is the quandary challenging HR professionals across the country. Faced with the critical reality of an increasingly tight talent pool, staffing executives at best-in-class organizations know that maintaining a competitive hiring edge requires well- defined and deftly executed hiring processes and practices.

Indeed, according to Achieving Superior Staffing Performance, a study conducted by benchmarking firm Best Practices, LLC, top companies employ and manage exacting performance metrics to meet time-to-fill and cost-to-fill target measures, while maintaining high offer acceptance rates.

Surveyed companies, including Pfizer, Honeywell, Allstate Insurance, Bank of America, Cisco, Lockheed Martin, Novartis and Verizon, produced over 180 compelling metrics for this extensive, deep-drill study. In addition, over 100 key staffing executives from high-performing companies were interviewed and shared myriad HR best practices.

For example, one benchmarking partner imparted its practice of increasing its talent pool by identifying and tracking its competitors' top employees by hiring outside sourcing firms to contact these targeted employees and assess their receptivity to potential job opportunities with the benchmarked company.

ABOUT BEST PRACTICES, LLC

Best Practices, LLC, conducts work based on the simple yet profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies. Specializing in leading-edge benchmarking research, Best Practices, LLC probes critical issues that drive organizational impact, influence and efficiency.

Source: Best Practices, LLC

Web site: http://www.best-in-class.com/