Business strategy needs the right people to achieve results.
Throughout our team’s collective industry experience, we have found that every CEO has a strategy, and most CEOs have a financial plan to support that strategy. However, a tragically low number of CEOs have a talent strategy.
Often, having vacancies and needing to fill positions can drive decisions. This in turn creates decisions that are made from desperation instead of strategy, which results in leaders who don’t take the time to truly evaluate a role’s requirements – and consequences. Additionally, a lack of effective processes and systems can be detrimental to fulfilling a business strategy. Without these processes and systems in place, as well as the data behind them, it’s impossible to truly tell if you’re hiring the right people.
Although the Predictive Index provides invaluable insights for our team to lead business owners to success, the real work lies in the strategy and steps that companies have to take to design their culture and implement their strategy. We can build that strategy and help execute it, but it needs to become an integral part of the company culture. Predictive Index is an indispensable tool, but talent optimization has to become a mindset.
Overall, aligning your business strategy to your talent strategy is essential for staying ahead of the curve and keeping your employees motivated. At HCA, we’ve identified 3 key areas in talent strategy that play a critical role in the employee experience: Engagement, Productivity and Retention.