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Talent Management2022-02-01T11:56:43+05:30

Talent Management

A Game Plan To Convert Prospects Into Raving Customers

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Overview

We provide a talent management service that includes, Based on vision and mission – to make profile of an employee with SOP to make employee focus on their own role in organisation, Recruitment process to minimise employee turnover, Training programme for motivation and increasing productivity, To frame out policy for health and social security of the employees, Performance appraisal system of the employee. What do talent management consultants do? Employee placements to fill up positions is easy. It is landing and retaining top talent that will remain loyal to the organization that can be a challenge. As much as automation continues to take many tasks, human capital remains at the core of successful business operations. At any stage, the use of human capital remains important. To get the best of human involvement, management needs to find ways of keeping employees and motivating employees to gain their loyalty and willingness to improve performance. The Talent Management Consultant helps formulate talent strategy, set up human resource KPIs, perform strategic workforce planning, and most of all, formulate a talent motivation and retention strategy, as well as HR diagnostics. Talent Management consultants help set strategies that attract top talent, and motivate them to stay with the organization under normal circumstances.

Managing talent well has become crucial for finding opportunity in the midst of change, as leaders must shape a workforce with the skills to deliver on strategy now and in the future. Financial capital isn’t the main limiting factor in rising to today’s challenges, talent is. The key to success is a talent-first mindset. Too many organizations go from initiative to implementation without thinking about the talent required. By putting talent first, the human resources function becomes a true driver of business value. We establish talent management as a distinct competitive advantage, matching talent to where the most value is at stake. By delivering on dynamic talent allocation, closing skills gaps, and transforming core systems, we partner with organizations to build the talent capabilities they need to sustain and scale impact.

What Problem Are You Trying To Solve?

Hiring strategies are not working?

Talent management starts with filling an open position with a high performer. Without a strong staffing management plan, a company might face difficulty with the rest of the talent management process. Many times, businesses don’t know where to start with hiring. They don’t know where to begin sourcing candidates or how to attract talent, and the business might have difficulty getting a candidate to accept their job offer. Top Echelon’s 2016/2017 State of the Recruiting Industry report found that one of the top reasons most candidates turn down a job offer was because the hiring process took too long. With an ineffective hiring strategy, a company might have trouble sourcing top talent. And, if top talent is sourced, the candidate won’t want to wait around forever for an offer.

Automation is important for streamlining and simplifying business operations. Businesses might use an applicant tracking system (ATS), payroll, and accounting software. Using software saves businesses time so they can work on growing their company. For the hiring portion of talent management, a good technology to use is an applicant tracking system. What is an ATS going to do for your agency? With ATS recruitment, hiring managers can post jobs, send emails to multiple people, and organize candidate resumes. And, an ATS tracks candidates so hiring authorities can hang onto candidate information even after one job is filled. Using payroll and accounting software solutions helps automate other business processes. By using these, the company could have more time to devote to talent management. If a hiring manager is unsure of how to make the most of their software, they could end up crippling talent management and putting a hold on business processes.

Strong leadership throughout the company is the basis of talent management. Managers and other top employees take on an important role in developing and retaining employees. If there is ineffective leadership within the company, employees won’t have guidance in developing their talent. The company as a whole needs to come together to train and keep employees. Without strong leaders, there won’t be anyone to carry out talent management.

Talent management focuses on developing an employee from start to finish. This can help employees feel valued, challenged, and satisfied with their jobs. Without successfully implementing talent management, a business could experience high employee turnover rates. High employee turnover rates happen when an employee feels like their job is stagnant and their pay won’t increase. An employee doesn’t want to do the same tasks day after day. Instead, they want to grow in their abilities, get promoted, and take on new responsibilities. If employees leave, the business needs to start over in the talent management process. It’s especially challenging if managers or high-level employees leave the company. Then, the business needs to find replacements quickly. Without managers, the talent management process could fall apart.

Employee retention is a major headache?

An appointment of an employee is a big cost to the company. Cost of appointment by way of advertisement or fees to the HR Consultant, his training etc. Any organisation wishes that an appointed employee serves the company for a long period efficiently and up to his satisfaction. What best a company can do to minimise the employee turnover is one of the biggest challenges for any organisation.

As per the profile of a particular post, a talented employee is appointed . Getting an employee appointed may not be the challenge but to get a right talented employee may be the challenge. An organization must have the competency to acquire the right talent for the respective job.

Few of the performances are not easy to measure in quantifiable units. Like it is very difficult to measure performance of an employee in quantifiable terms. It becomes more difficult to assess the performance of two employees in two different departments. But it is also the fact that for highest productivity, HR needs to have a system not only for given duties but also for assessment of the probable future assignment, rotation of job and promotion etc.

What We Provide ?

  • Talent Acquisition

  • Training & Development

  • Performance Management

  • Strategic Workforce Planning

Talent Acquisition

At Farol, we design Talent Acquisition models that utilize efficient and productive processes which are easy to use and candidate-centric, building them around a company’s strengths. We do not employ a one-size-fits-all  model, but rather build a TA Model that is unique to your organization. With our combined experience of both Executive Search Leaders, HR Leaders and Talent Leaders, we bring years of experience, research, case studies and science to develop the perfect model for your needs.

Training & Development

Your employees are your greatest asset, and training helps develop them to their full potential. As technology advances and workplace methods and strategies improve, there comes a need for employers and employees to align with these changes in terms of knowledge, skills, values and abilities. One of the best ways to enhance knowledge and skills is through training. Getting employees exposed to relevant and consistent training can help companies improve performance and increase results in the workplace.

Performance Management

Performance management lets you involve your employees, as individuals and as part of a group, in improving organizational effectiveness as you all work to accomplish your organization’s vision and strategy. We will help you make decisions to run your business, provide leadership, review results and diagnose problems, and set goals and expectations. Our team helps you ensure alignment, create tiered metrics, define root causes of financial performance, tie customer measures to need, employ performance monitoring and management, and understand limits.

Strategic Workforce Planning

Strategic Workforce Planning and overall business planning should go hand-in-hand. Yet many organizations draw an artificial line between them. Our broad range of global capabilities contributes to a holistic approach that covers comprehensive dimensions of strategy. Major challenges for Workforce Planning include recruiting, retention, organization design, learning development, compensation and benefits. This integrated approach provides insight into which talent segments deliver high returns and need greater investment.

Expected Key Benefits Of Talent Acquisition
 Training & DevelopmentPerformance ManagementStrategic Workforce Planning

Utilize Talent Pool Contacts

Assist in Selection

Stay Competitive

Prepared For Future Situations

Reduces Risk

Boosts Productivity

Better Succession Planning

Minimize Attrition

Better Recruiting

Deeper Employee Engagement

Increased Productivity

Improves Skills & Knowledge

Prepares for Higher Liabilities

Increased Performance

Increased Employee Value

Reduced Wastage

Better Workplace Environment

Reduced Supervision

Boosted Morale

Improved Customer Valuation

Highlights training needs

Boosts Morale

Right Talent Promotion

Supports Workforce Planning

Increases Employee Retention

Organizational Impacts

Firing Risks

Consistency

Set Clear Expectations

Identifies Potential Risks

Decrease Hiring Costs

Improve Recruitment Processes

Reduce Absenteeism

Increase Opportunities

Improved Compliance

Customer Satisfaction

Improve Productivity

Identify Gaps in Talent Chain

Powerful Business Insight

Improving KPIs

Our Consulting Process

Business introduction

First, we deeply understand your business, process, product, market segments, challenges, existing infrastructure and manpower, finance availability, your vision, and mission, which helps us to provide the possible relevant solutions. By understanding the primary business we discuss some standard procedures or methods that are usually used in the market. This stage of consulting is very valuable for both because in this stage we’ll understand how you grew up or how the company grew up. We understand all the basic information about your business and go to the second stage of the process.

1

Understand Existing Problems

This is the stage of secondary diagnosis. Our focus is on analyzing the problem and the purpose. Cooperation between us and the business blooms at this stage. We have to find out the performance patterns of the organization and an assessment of the requirements and resources related to the business transformation should be carried out. We spent time with directors, managers, and the team, for understanding the current situation & the existing problems of the organization. Data collection is a primary task at this stage since it relates to the quality of the prospective solutions.

2

Find The Solution

By understanding the problems, our team will continue working on it and find the best solution for your organization. We strictly believe that, Just about any problem you have to deal with has more solutions to it than the one that you think of first. So, it is best to develop a list of alternate solutions that you and your team can assess and decide which one will be the best for the particular problem.Then we rank those solutions based on efficiency, cost, long-term value, what resources you have and that you can commit to the solution of the problem. Then, look at every one of those solutions carefully and decide what you believe to be the best solution to this problem at this time.

3

Executions

At this stage we have proper planning and have a solution to the existing problems & challenges. We put this solution into the process. Our team constantly monitors the execution, and constantly with you. Implementing the solution you decide on can include creating an implementation plan. It could also include planning on what happens next if something goes wrong with the solution if it doesn’t work out the way you thought it would. Implementation means that everyone on your team knows and understands their part in making the solution work, that there are timelines for execution, and also that you have a system in place to track whether or not the solution has corrected the problem.

4

Getting Feedback

Direction is more important than speed. Based on the above points a detailed step by step planning is required for the action to be taken within a time limit with a specific budget without affecting ROI. First we identify the problem then plan the best solution to overcome the problem and we execute the planned solution. During this process we need feedback from everyone who is involved in this process, so we’ll know the effectiveness of the solution and where the improvement is needed. So we can plan accordingly and apply it to the next solution.

5

Apply Changes & Execute Again

According to the received feedback, we’ll do the necessary changes in the decided process and implement with the new changes. It helps to overcome the existing challenges. We develop a system that helps you and your organization to follow the standard procedure and make your work easy. After the implementation of the problem we periodically do a system audit to see that the organisation is system oriented and not man oriented. Also find the new challenges or problems that you faced and find their reliable solutions and implement it as the same.

6

Who can get Counseling ?

  • Small & Medium Enterprises
  • Individuals & Team
  • Industries

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is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

  • Business Owners
  • Sales & Marketing Leaders
  • Sales & Marketing Executives
  • Independent
  • Consultants
  • Students

is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

  • Pharmaceutical Industry
  • FMCG Industry
  • Metal Industry
  • Textile Industry
  • Plastic Industry
  • Ceramic Industry

is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions

Mode of Counseling

  • Individual Counselling Individual Consulting
  • Group Counselling Group
    Consulting
  • Seminar Counselling Seminars
  • Webinar Counselling Webinar
  • Workshop Workshops
  • Keynote Speaking Keynote Speaking
  • Tele Counselling Tele Consulting
  • Guest Speach Guest Speach

Individual Consulting

These sessions are targeted to focus on understanding the current problems & opportunities and find out the best possible solutions. These are individual sessions of 60 minutes each covering all the important topics. The number of sessions may vary on the requirement and understanding of the individuals. The whole consulting is divided into certain segments, so we can properly understand your situation and get a plan accordingly to raise up.

15,000/- Per Counseling

Group Counseling

Group Counselling sessions are conducted with a minimum of 10 personalities. These sessions will be taken in a collective atmosphere where all the topics will be explained in different sessions in one day. The number of sessions may vary on the requirement and understanding of the team. In Group Consulting we also want specific attention from your side so that we can understand better and offer specific solutions.

15,000/- Per Counseling

Seminars

This will be of two hours at the time and venue convenient to the organizer and to the speaker. This will cover the overview, need & benefits, current challenges and way of the implementation of pre-selected topics. The speaker shall speak for one and half hour and the rest half an hour will be dedicated to the audience for question and answer session.

15,000/- Per Counseling

Webinars

This will be of two hours conducted ‘online’ from the comfort of the homes of the audience on the date and time fixed. This will cover the overview, need & benefits, current challenges and way of the implementation of pre-selected topics. The speaker shall speak for one and half hour and the rest half an hour will be dedicated to the audience for question and answer session.

15,000/- Per Counseling

Workshops

This will be of a duration of one day with breakfast, lunch included and with full of activities. This will be conducted for a minimum of 10 personalities. The entire sessions of consulting will be covered in one day. These Workshops can address common problems or issues that business professionals may face on a regular basis. All the participants can share their insights and thoughts on how to resolve the problem, which can offer a fresh perspective when dealing with the problem.

15,000/- Per Counseling

Keynote Speaking

On invitation from any organization or institution, our speaker shall attend and deliver the speech on the topic defined. The time duration will be as defined by the organizer.

15,000/- Per Counseling

Tele Consulting

This will be the same as individual consulting sessions. There shall be sessions of 60 minutes each. The number of sessions may vary on the requirement and understanding of the individuals. The individual and the counselor will have a conference through video/audio call and conduct the sessions.

15,000/- Per Counseling

Guest Speach

The farol shall invite prominent guest speakers on certain occasions for sharing their knowledge, experience and observation to the audience. The programme will be designed as per the practice of the guest speaker.

15,000/- Per Counseling

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