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Managing Talent on a Budget:A Guide for SMEs

Photo credit: LendingMemo.com

SMEs experience exhausting challenges when competing for top talent

SMEs experience exhausting challenges when competing for top talent

But what if it could be easier??

The Secret ?

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Develop a CLEAR strategy to drive talent performance…

The tools you need

Best Practices

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1. Have a real-time acquisition strategy and plan

Keep ahead of the market by thinking about your operating model, how it aligns to your structure and what the critical roles are. Think about the mix of capabilities at different levels, functions and their industry experience.

This will paint a picture of the talent you want to attract.

2. Make the most of what you have with clever and

targeted performance management

SMEs need to measure performance by linking strategy to their performance plan and business approach. Target a small number of key KPIs with a focus on innovation. While measuring the financial results, it is also important to include a measureable behavioural element.

Failure to include this could negatively impact your culture in the long term

3. Identify critical roles, critical talent and develop individual talent pathways

accordingly

SMEs must be selective about where they invest their dollars. Maximus recommend investing your dollars into automating what can be automated and focusing your investment on critical roles and people.

This will ensure you get the most out of your limited budget.

Free WhitepaperManaging Talent on a Budget:A Guide for SMEs

Photo credit: LendingMemo.com

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