2. Talent Benchmarking
No matter what your business does, it would be best to get to the top if you had top talent. You currently have a staff full of employees from administrative to leadership. However, they probably all fall into three categories:
- Top performing superstars.
- Those who ride in the middle. They make mistakes, and there is room for improvement.
- Workers who are on the bubble and clinging to their jobs. They can be more of a headache than they are worth, and you have spent tons of time trying to improve them.
Wouldn’t it be nice to know beforehand which tier your new employee falls into before you offer them a job? Talent benchmarking can help you do just that. In fact, the disease inflicting your business is maybe too many employees fall into the bottom or even middle tier of the above. Benchmarking is the process of comparing your talent against those of your competitors. The advanced tools collect internal and external data to analyze to give you a view of how you compete in terms of salary, talent retention, and many other related factors.
However, as the business world evolves, so do the talent benchmarking tools. As a result, we recommend seeking the help of a professional.
3. Aiming for Topgrading
Wouldn’t it be nice if all your employees, workers, contractors, etc., fit into the top tier of talent benchmarking? That is what Topgrading® is all about. In fact, when collecting your talent benchmarking data, you may see that your competitors have already thought of this strategy, and you should as well. Yes, it will cost you more in salary, bonuses, and other benefits. It will be worth it in both the short and long run.
“Topgrading is instrumental in understanding not only the accomplishments of the interviewee but also their style, attitude, and commitment to work and life. You get to know what they did in almost every aspect of their working/professional life from high school to their current position. It reveals the HOW behind what they’ve done and do.” – Zachary W., Commercial Account Manager
Don’t believe us? Check out this leading report on topgrading.