A key part of any talent management programme is a recognition and reward scheme that provides essential feedback and praise to talent on a regular basis. The coronavirus pandemic forced talent to work from home or remotely and currently most organisations are opting for a hybrid working environment where remote working is still prevalent. When staff worked in an office environment it was easier to instil core values and company culture but in a remote environment this has become much more challenging but a well-run talent recognition and rewards scheme can help combat this.
The Talent Recognition and Reward Scheme.
Mangers should endeavour to create a scheme that is achievable and easily understood by all talent whoever they are in the organisation. Talent generally seeks a meaningful career, a sense of belonging and community and a job role with a transparent purpose. A recognition scheme should address these in a formal way that is logged by human resources in their talent management systems. A formal process that is clearly communicated to all talent will ensure that when praise and recognition is given it is done with genuine sincerity. Recognition schemes can be based on both manager and peer recommendations and linking rewards to recognition helps to add value with rewards being paid as additional time off or financial for example.
In-person face to face contact has become more difficult in the virtual world and tools like Slack, Skype, Zoom, GoToMeeting and Teams have been widely adopted by businesses to conduct regular team meetings, particularly in the digital tech sectors. However, not every individual enjoys these online virtual meeting platforms and they can find it difficult to articulate themselves. Managers need to recognise those who perhaps do not have a high level of participation in these virtual meetings and find alternative communication methods. Some individuals may be performing at a high level but their work does not rely on heavy participation in virtual team meetings. Managers can adapt their communication style to perhaps provide a more bespoke one on one communication method. Giving praise to individuals face to face in addition to announcing it in a group environment may be a preferable method.
Having a good talent recognition and reward scheme can be a great incentive when recruiting new talent. It can form part of a human resources talent management ATS (Applicant Tracking System) platform and is incorporated into the recruitment and selection process.
One such company who are game changing the face of recruitment by providing a robust process to deliver more efficient recruitment without bias is Hire Digital. A start-up recruitment company with a global presence that has invested heavily in Artificial Intelligence (AI) to manage the digital tech recruitment and talent management process. Their ATS software platforms give digital talent recruiters a strict criterion for posting job adverts and descriptions and their AI works in such a way that it generates a much smaller more targeted candidate list by using up to 40,000 attributes. They key to this is efficiency, recruiters spend less time generating job advertisements and trawling through hundreds of CV’s to get their shortlist, Hire Digital tech can rapidly access up to 1bn talent globally.
Hire Digital is an AI technology with a human touch that is completely revolutionising the recruitment and selection process. It’s two times faster, 50 % cheaper and ten times more accurate than traditional hiring tech. To find out more speak to Robin Brohl at Hire Digital he is a real person and would love to engage with you and help you streamline your recruitment processes.