Modern Talent Strategy2024
The One Question on a CHRO’s Mind
The year 2022 witnessed a transformative period in the workforce, aka "The Great Resignation." A report by U.S. Bureau of Labor Statistics revealed that in August 2022 alone, 4.2 million employees had resigned from their roles. The same report showed that there were 10.2 million job openings simultaneously.
As HR leaders, you have been at the forefront of this seismic shift, witnessing firsthand the tectonic changes that have reshaped the world of talent acquisition and management. The landscape you navigate is marked by a workforce that no longer seeks just employment but craves purpose, growth, and a genuine connection with their roles.
In this landscape, while the CHROs and Talent Heads already understand the end goal crystal clearly: to drive organizational success, there’s only one question on their minds.
How can I place the right person on the right job?
Enter AI and modern HR Tech with their ability to analyze data, predict job-suitability and make informed hiring decisions. CHROs and Talent Heads can now leverage these tools to hire the perfect fit and craft effective talent strategies. The 3Ps Framework Profile, Predict, Propel guides this transformation, recognizing that understanding employees' aspirations is as vital as assessing their competencies. Seize this opportunity to shape your organization's future proactively in the evolving world of work.
The 3P Framework
In a world that demands action, you stand at the forefront of shaping the future of your organizations.
Our eBook is tailored to your spirit of action. It's a guide that doesn't dwell on the theoretical but dives straight into the practical. It's a resource designed to empower you to identify, nurture, and leverage talent in ways that drive results.
The reason we have chosen the 3P Framework, with its components Profile, Predict, and Propel, is to offer CHROs and Talent Heads a structured approach to address the talent management challenges highlighted in this document.
Profile
"Profile" lays emphasis on the importance of understanding your workforce's current competencies and their alignment with organizational needs.
Predict
"Predict" component is about how you can make informed talent decisions by leveraging analytics and AI.
Propel
"Propel" focuses on empowering your workforce with the experiences of the learning journeys they need to be more successful.
In the true spirit of collaborative efforts, this eBook has been divided into action items for talent leaders and organizational leaders. We’ve called out tools and recommendations as well as common pitfalls and markers for success. Most importantly, we’ve kept it crisp and precise.
As you dive into the eBook, remember that you're not just reading it's a call to action. The insights within are tools, the strategies actionable, and the solutions within your grasp. Let's embark on this journey together, where your actions today shape the successes of tomorrow.
Explore
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Leading banks and financial services organizations across Asia such as SBI General, YES Bank, Ujjivan, Kotak Life, etc. use and love Darwinbox, and say they’ve had great success with the Darwinbox HRMS.
Ready to revamp your organization’s HRMS? Explore Darwinbox for Banks here.
