Haven’t we discussed this before? This is a ClearCompany lookback article, where we build off learnings from years and trends past. Sometimes we’ll discover that our talent acquisition trends were right on the money; other times we may see that our musings around talent management and workforce predictions were a little off. Either way from recruiting statistics to management research, here’s a look back at some of our greatest content.
It goes without saying that hiring the right people, getting them onboarded quickly and ensuring they understand their role in the company are paramount. What’s the best way to make all of this happen? Aligning company and employee goals is the best way to ensure goals are met and employee morale stays high.
Using talent management solutions helps you quickly visualize progress across your organization.You’ll understand how your A -Players work, where employees are getting lost in the shuffle and how to better communicate goals to your workforce. It gives employees insight into how they contribute to the company and it helps executives course-correct before a small misstep becomes a large problem.
Proper alignment is more than just getting tasks completed and avoiding mistakes. Incorporating company-wide goals into HR strategy allows executives to make faster decisions and keeps resources aligned.
As you’ve seen in our previous posts, strategic alignment impacts every aspect of your company, from hiring and retaining your A-Players to keeping your workforce engaged on the job. Here are five ways talent alignment can improve efficiency:
Strengthens Hiring And Onboarding
Maintaining strategic alignment with your company can strengthen your hiring and onboarding process because you understand the current needs of your organization. You have a better idea of what positions you need to hire for and how filling that position will benefit your company.
When requisitions are made for strategic reasons, the onboarding process itself becomes faster and easier. Team members know exactly what new employees need to contribute, and it becomes easier to cascade company goals, define and communicate job responsibilities and get new hires up and running.
Increases Operating Margins
Strategic alignment with goals easily leads to higher levels of productivity, which leads to improved profits. Employees shouldn’t be confused about how their work contributes to the organization. With a talent alignment platform, it’s easy for executives to see what everyone is working toward. Tech and business journalist Karsten Strauss said:
“Business leaders have a clearer perspective on the bigger picture than their employees do. It pays to tell those under you what’s going on. Spreading the intel lets everyone in on the lay of the land and at the same time strengthens the feeling among workers that they are an important part of the organization.”
When employees and leaders are collaborating together there’s a dramatic increase in both worker and business performance. A talent alignment platform shows employees contributions so leaders can hold employees accountable for their work.
Helps Reallocate Resources
Goal alignment can help executives understand the ways in which they’re using their human capital to achieve company objectives. If a plan or strategy isn't working, executives can switch game plans and better allocate resources in order to meet goals.
This can help you adjust your strategy in real-time and prevent your workforce from veering off-track. You can address problems before they arise and improve employee engagement by putting your A-Players where they'll have an optimal impact on your company.
Improves Employee Engagement
According to a recent survey from Gallup, only 32.5% of the workforce is engaged. The business value of having employees engaged in their work cannot be overestimated. This lack of employee engagement can easily lead to high employee turnover rates.
When employees understand the value of their work to the organization, it can lead to increased engagement and renewed motivation. Daily tasks are no longer divorced from larger organizational goals, and your best and brightest can see the importance of their contributions and how they add value.
Boosts Corporate Communication
Communications expert Bill Quirke says, “when employees understand their overall role in business, 91% will work toward its success. But when they don’t, that figure drops sharply to 23%.”
Because talent alignment helps everyone from executives to entry-level employees visualize goals on a daily basis and live with these goals from day-to-day, corporate communication is easier and more impactful.
Maintaining strategic alignment with your company goals isn't always easy, but it's needed. Proper goal alignment can result in better employee engagement and higher productivity. Making alignment a priority means you and your workforce always understand what you're working on and working toward, which makes it much easier to accomplish your goals.