It’s time to stop comparing apples to pears! ISO 30414 certification – an international benchmark of excellence. As well as negatively affecting employer brand, slow-moving recruitment can be a bottleneck to organisational growth; cumbersome processes and over-stretched teams can make the job of filling vacancies longer and more costly. Faster recruitment drives a snowball effect of benefits to your company’s performance by reducing costs, improving the candidate experience and supporting your employer brand. Streamlined, efficient recruitment processes deliver higher-quality, more engaged hires, providing a competitive advantage that directly impacts on your business performance. This, in turn, leaves you perfectly placed to take advantage of new business opportunities and grow faster, ISO 30414 certification can help you measure the quality of your organisation’s HR function against international standards including ‘Recruitment, Mobility and Turnover’, one of the 11 core areas of reporting.
“Remaining competitive in a globalized world is no longer about having the strongest legacy or most well-known brand. It’s about being agile enough to respond to industry changes and disruption as it happens, and it’s about having the right talent on hand to meet organizational goals.” – Rebecca Skillbeck for Forbes, Head of Customer Insights and Market Research at PageUp
The war for talent
The future is no longer just about you choosing talent but also talent choosing you.
‘The war for talent’ is a term coined by Steven Hankin of McKinsey & Company back in 1997, and refers to an increasingly competitive landscape for recruiting and retaining talented employees. Fast forward to 2020 and the war certainly appears to be continuing, with employers competing to lock down talent within the average 10 days it takes for top talent to be hired.
Trends show that job seekers are increasingly considering employer brand when applying for jobs and are looking to work in organisations with distinct company cultures. According to LinkedIn Talent Solutions, 75% of job seekers consider an employer’s brand before applying for a position. They also report that organisations with a strong brand see a 50% bottom-line reduction in cost per hire. Having a clearly defined company culture will not only attract the right candidates but those hired, who have a passion for the organisation’s values, are more likely to have greater job satisfaction and are therefore more likely to remain with the organisation.
ISO 30414 provides 15 metrics by which to measure recruitment, mobility and turnover in HR, providing insights into current and future performance and helping you to more effectively recruit and retain employees.
Cornerstone defines talent mobility as “Moving employees efficiently and proactively throughout the organization, vertically and horizontally, to ensure the organization can leverage skills, talents, and competencies when and where they are most needed.”
Talent mobility As well as hiring top talent, organisations need to take advantage of and mobilise their existing talent. Not all roles can be filled internally but having the ability to mobilise existing employees into different roles, departments and offices can make a huge difference to an organisation’s success. Using its employee’s skills, talents and competencies effectively will not only create a more flexible and multi-skilled workforce, but it will also give the organisation the ability to respond strategically to change and disruption. It can also assist in the retention of staff who need new challenges regularly. HR metrics provided by ISO 30414 can be used to measure an organisation’s inflow, through flow and outflow of talent.
Talent turnover In order to understand and reduce turnover rates, HR must become more data-driven. Employee turnover metrics provided by ISO 30414 can indicate the health of a workforce, individual department or team including the measure of success for retention rates, the hiring process, onboarding and training processes.
CFO asks CEO: “What happens if we invest in developing our people and then they leave us?”
CEO: “What happens if we don’t and they stay?” – peterbaeklund.com
Here at HCM Metrics we know that wellness is one of the Core Areas of ISO 30414:2018 – Human Resources Management. We can help you achieve the standard.
You can download our 80 Reasons for Achieving ISO Certification.
We would love to hear from you and help you understand a little more about what ISO 30414:2018 could mean for you.
