In the face of volatility in the financial world and a highly competitive labour market, how can you find and keep the talent you need without simply throwing more money at the problem?

If that’s the question you are asking, you’re on the right track. Make no mistake, cash will attract top talent, but its effectiveness as a retention tool is shaky at best.

You would think money would trump all. But the trick is not merely to attract the brightest and best. You also want to keep them! This is the more challenging part and the more profitable one.

The key to winning the war for talent is to shift our thinking from what “we have to offer,” to “what top talent really values.”

1. Better Leadership

Top Talent wants better leaders. Doesn’t everyone want a better boss? Sure, but for Top talent, it is absolutely vital. Top talent has far more choice in who they'll work with so they will almost always choose an organisation with great leaders.

2. Future Direction

Top talent wants a brighter future. The people who are your top performers have more of a future orientation than do average performers. Therefore, they enter a job interview with a different set of questions: How will this role better prepare me for future opportunities? What will I learn? How will I be challenged? How will I grow?

Top talent wants to be challenged, wants to have opportunities, wants to know how you will support their personal growth.

3. Vision

Top talent wants a bigger vision. Talented, driven people want to be part of something bigger than themselves. They are searching for organisations who they can feel a sense of connection with – a personal resonance. Leaders also help connect people to the vision and celebrate progress along the way.

This top talent strategy may appear to be a lot of work. Is the effort worth the return? That’s for you to decide. But before you reach your conclusion, think about your best employees – the top 10%. What could happen if you had dozens or hundreds more of them?

If you’d like some ideas on how to attract top leaders to help you deliver on your organisation’s goals during the remainder of 2024, then drop me a private message or email at Dan@DSconsultingservices.com.au

Check out our new Talent Acquisition Scorecard. It's designed to give organisations an insight into what's working in their talent acquisition and areas for improvement. Check it out via the link below.

https://talentscorecard.scoreapp.com

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