Date post: | 11-Aug-2014 |
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Jillyan French-Vitet
Mapping the Value oF talent aquisition
introduction
2
About a year ago, I was participating in a
series of team meetings when I noticed
that one question kept resurfacing: “how
can we demonstrate the value of talent
acquisition?” While the discussion moved
to other topics, this question remained
unanswered.
Cost, quality and speed have underpinned
the value-proposition of the talent acquisition
function for many years. It has been defined
by metrics such as productivity, process
and channel efficiency, full/sub-cycle time
and the results of satisfaction surveys. Yet,
it has become clearer to me that ‘value’
in talent acquisition is no longer being
adequately communicated and translated to
our customer base. We need a new way to
demonstrate value beyond the walls of our
own function. We need to better articulate
how and why talent acquisition contributes
to the overall worth of the organizations
we work for.
Here, I make my case for a new kind of
value mapping that centers around talent
acquisition first and foremost. I aim to show
you why I believe that value mapping talent
acquisition can deliver better results, with
more focused associated costs and impactful
communication.
Value, at its most simple, is relative worth.
So, the first question we must ask ourselves
is, “how does my organization as a whole
depict its relative worth?”
For some organizations, relative worth
could be defined as shareholder value, or
competitive advantage, or even enterprise
value. Whichever principle or methodology
Value: a siMple deFinition
an organization subscribes to, generally they
regard their value as something that:
• issustainableoverthelongterm
• isreliantonallpartieswithina
company to achieve
• hascompetitiveadvantageasakeypillar
Based on this, talent acquisition should
consider its relative worth in the same light as
the organization.
the challenge, however, is to demonstrate
or measure the value of talent acquisition
at an organizational level without reducing
it to an administrative process or overhead.
this is where value mapping comes in.
3
one tool used to demonstrate and
visually chart the achievement of value is
a Value Map. In essence, this shows how an
organization intends to achieve its strategic
goals and create (or preserve) value. The
reason we use a visual map to do this is
because it is easier to generate common
understanding around one, simple and
concise diagram than it is around many pages
of text—as strategy documents tend to be.
Value Mapping
the goals set out in a value map
attempt to tie together the components
of shareholder/enterprise value and
competitive advantage. They map out the
stakeholders and processes for each—and
simplicity is key.
Ultimately, value mapping must not only
set out the critical actions and goals for
success, it must clearly communicate these to
ensure they become central to the decisions
that are made each and every day. It must
demonstrate a clear cause-effect relationship
that all the stakeholders can align their own
actions against.
articulating the value of talent acquisition
as a function, via a value map, goes
one step further than this to put talent
acquisition strategy at the center of the
business priorities and objectives.
4
We may know that talent acquisition is
a key contributor to an organization’s
overall strategy by nature of its function:
attracting talent. Most organizations
would agree that their people are:
• theirgreatestdifferentiator
• atthecoreofcompetitiveadvantage
• centraltotheachievementofkey
business goals
• theexternal‘face’tothemarketre:
candidate and customer experience
talent acquisition at the center oF Value
Yet talent acquisition is rarely measured in a
way that reflects this.
‘Traditional’ talent acquisition metrics are
often those such as channel efficiency, full/
sub-cycle time, etc. While these metrics are
good measures of productivity and efficiency,
they say nothing of the value that the function
adds to the organization. in fact, these
measures do not typically link directly to
business strategy at all—and herein lies the
central issue with the ways we currently
communicate the value of talent acquisition
within an organization.
In building a Talent Value Map, talent
acquisition initiatives are prioritized and
aligned to organizational strategy. The
Map also enables the entire business to
visualize how talent decisions translate into
organizational ‘relative worth’.
When building the map, two issues
must be considered in tandem:
• valuepreservation(howwekeepwhat
we already have/continue to run the
business well)
• valuecreation(whatweneedtodo
differently/how we build a sustainable
competitive advantage)
5
A talent value map is a clear and simple way of visualizing all the strategic inputs that a company may require to reach its objectives. In the above sample,
the Map was created starting with organizational goals (i.e. right to left) yet delivery will start with the People and Skills (i.e. left to right).
Talent Acquisition Team
Technology The ability to build a flexible hiring model
Talent acquisition expertise
Use customer management principles/techniques
Apply analytics Demonstrate thought leadership
Improve processes/quality
Deliver the talent strategy
Innovate
Attract quality hires Show delivery excellence
Implement smart cost controls
Improve the candidate experience
Be compliant Communicate well Build a diverse talent pipeline
Offer acceptance/decline rates
New hire turnover % Key vacancy rates/lost $$ contribution
New hire $$ impact Customer satisfaction Adherence to D&I strategy
Applicant quality/source quality
Talent acquisition leadership
Business leaders/hirers
Internal/external talent
Profitability Greater accountability
Improved customer service
Increased diversity An employer of choice
A dynamic business portfolio
organizational Values/coMpetencies underscore our proFessional behaViors and culture
here’s hoW the Map Might look
the people and skills
hoW We Will do it
iMpact stakeholders
What We Will do
Metrics and Measures
alignMent to organizational goals
6
Which Metrics?
In creating a Talent Value Map, the metrics
chosen will depend upon how strategic and
future-focused the talent acquisition strategy
is within the organization. Whichever metrics
are chosen, it’s important to consider those
that go beyond ‘departmental successes
and challenges’. While it is often relevant
to demonstrate the efficiency of the talent
acquisition team, efficiency alone is not
enough to demonstrate value.
The map should include metrics that have
also enhanced alignment and focus of
the TA team to the long-term goals of the
organization. The triumvirate of Cost, Quality,
Speed is still alive and relevant in talent
acquisition, but we must demonstrate more
value than this.
When considering which metrics to use in
your talent value map, consider how the
map will help you to answer this question:
“at the end of the year, how will we know
if we’ve been successful?” As an example,
Dr. John Sullivan’s recent ERE article, “High-
impact Strategic Recruiting Metrics for
WOWing Executives”, a number of different
measures and metrics are cited which target
business-impact. Whichever metrics are
targeted as measurements within a Map,
each should relate back to demonstrating
value in a relevant and impactful way to the
stakeholders. used this way, measurements
can be leveraged for both operational and
strategic discussions i.e. ‘what is working’
vs. ‘where are our value inhibitors’.
7
Value Mapping, as a concept, is not new
and applying it to talent acquisition is an
iterative process—it must evolve with the
organization and the market context. As we
continue to apply this method, it is evident
that every business will have a vastly different
map that must be responsive to its own goals
and challenges and communicate value in
line with its own culture and messaging.
Talent acquisition isn’t just part of the way we
‘create value’ for customers, shareholders and
partners; rather, as a function, it is an integral
creator and contributor to an organization.
conclusion
Without the right talent, at the right time and
at the right cost, engaged in the right way,
any organization will lack competitiveness,
agility and the ability to innovate. This is
why organizations should seek a better way
to capture, align and articulate the value of
talent acquisition.
if you would like to discuss the mapping
process further, or explore how talent
value mapping might work for your talent
acquisition business, please get in touch
with me: [email protected].
i welcome your feedback and insights.
8
eXit
This information may not be published, broadcast, sold, or otherwise distributed without prior written permission from the authorized party. All trademarks are property of their respective owners. An Equal Opportunity Employer. © 2013 Kelly Services, Inc.
about the author
JIllyAn FrEnch-VITET is a Global Director, Workforce Strategy Support and
Talent resourcing for the Kelly Outsourcing and consulting Group. Ms French-
Vitet’s background in recruitment spans over a decade, including retained search,
in-house corporate recruitment and recruitment process outsourcing. her market
expertise stretches across Technology, Financial Services, retail, consulting,
Telecom, Engineering and Manufacturing. Ms French-Vitet’s recruitment skills cover full-lifecycle
hiring, including sourcing, screening, process re-engineering, technology, data analysis and quality;
she has designed, built and executed programs within different countries, from entry to executive-
level hiring, with varying team sizes and geographies. Ms French-Vitet obtained her Bachelor
degree from Skidmore college in Saratoga Springs, ny and her Master degree in International
Business from the Ecole nationale des Ponts et chaussées in Paris, France.
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