How can Talent Mapping benefit your company?

Most companies hire reactively. A role becomes available and then they look to fill it. This type of hiring can be slow. If you're hiring because someone is leaving, your productivity can suffer if a position remains vacant for too long, and there's no guarantee you'll find the best available candidate. Instead, companies should use proactive recruiting strategies, such as talent mapping processes, to identify candidates with the skills and experience they need and make better, faster hires.

Talent Mapping can also be used to support strategic growth by identifying skill gaps in your current workforce, uncovering the causes of high employee turnover, assisting with transition planning, and identifying opportunities for internal promotion. Consider Talent Mapping as one of the tools at your disposal for long-term talent development.

Talent Mapping is a key component of building a sustainable talent pipeline that ensures your organization has access to the skills and expertise it needs for years to come. In the short term, it can reduce your recruiting time and other negative consequences of unfilled positions, but that's only part of the benefit of having access to larger talent pools.

Other benefits of using a Talent Mapping process include:

Building inclusion into your recruiting processes can be an effective way to improve your company-wide EDI. The demographic and diversity data collected through Talent Mapping processes can support these inclusive recruiting practices by providing valuable insights into the diversity of your current talent pools and indicating areas where you can invest in your current team to improve engagement and retention of diverse employees.

You can use Talent Mapping processes to gather critical market information. The data collected can include an overview of key market factors, such as the top employers in your industry, mobility trends, and salary and benefits data to facilitate salary benchmarking.
Understanding how your competitors attract and retain talent, how long employees tend to stay and what drives talent to migrate can help you improve your own stratégies de rétention

Talent Mapping processes can help you identify a wide range of passive and active candidates with the skills and experience required for your positions. This gives you the opportunity to build relationships with a large number of potential candidates through targeted emails, social media, and other forms of engagement, so that they are warm and receptive when you reach out to them. This can be especially helpful in identifying niche skills.

A key step in the talent mapping process is to assess the performance levels and effectiveness of your current employees. This assessment helps you understand why your employees choose to leave and what tools you can use to improve their performance and motivation, such as training, benefits and internal promotions. By following through, you can increase internal employee engagement, improve retention AND make your company more attractive to new talent!

Regularly engaging with potential candidates is a great way to gather information about how you are perceived as an employer and determine their level of interest in working for you. Understanding how your employer brand is viewed in the marketplace relative to your competitors is the first step in building an appealing employer brand.

Given the many benefits that companies enjoy when they embrace talent mapping and use it to build a sustainable talent pipeline, it's no surprise that many companies want to incorporate it into their talent acquisition strategy. However, this can be difficult, especially if your Talent Acquisition (TA) teams are overloaded with managing the hiring needs of multiple departments and functions.

If you wish to develop Talent Mapping processes in your company, use this checklist to ensure that you get the most out of them:

• Identify your future business goals
• Compare these goals to your current workforce
• Evaluate the performance levels of your employees
• Analyze your competitors to benchmark your workforce
• Identify opportunities for internal promotion and skill enhancement
• Create a database of potential candidates for future positions

At Molitor International Conseil, we can provide recruiting support, helping you build a pipeline of talent that will support your company's strategic growth for years to come. To discuss your talent acquisition needs, schedule a meeting with one of our RPO solutions experts today.