The need for retaining talent is more crucial than ever, particularly with the current pandemic. In organizations across the spectrum, a successful business strategy relies on having the right people in the right place and providing them with the opportunities to develop, learn, and advance their careers. Unfortunately, many companies struggle to retain their top employees, leading to a talent crisis. Plum, the leading talent assessment software company, has launched a new innovative platform designed to revolutionize the way recruiters address this issue.
Plum’s talent assessment platform
Plum’s Talent Assessment Platform is an online platform designed to help recruiters avoid a talent crisis in their organizations. It comes with an array of features that provide recruiters with the necessary tools to find suitable talent for specific job openings. The platform works by matching a candidate’s capabilities to the job requirements, ensuring that the job is a good fit for both parties.
The platform’s sophisticated AI algorithms evaluate each candidate based on their skills, behavioral patterns, and characteristics. This process helps assess each candidate’s suitability for the job, providing a full picture of their strengths and weaknesses. From there, recruiters can make informed hiring decisions based not only on the candidate’s educational qualifications but also on their skills and personality.
Lack of growth opportunities
According to a recent study, more than 80% of professionals say that their current employers do not provide enough growth opportunities. In many cases, this lack of growth and development opportunities leads to high turnover rates, preventing organizations from retaining their top talent. Plum’s Talent Assessment Platform is well-equipped to address this issue as it aims to help organizations provide their employees with the necessary growth opportunities, ensuring that they remain engaged and motivated.
Self-reflection framework
Plum’s Talent Assessment Platform provides a framework for self-reflection. After completing a single assessment, individuals will have a framework to self-reflect on the skills they have developed. This self-reflection process helps to identify personal growth areas and provides a roadmap for improving skills in the future. This approach to self-reflection is critical as it encourages individuals to take ownership of their professional development and growth.
Platform for Talent Progress
Plum provides all the tools necessary for success, including a platform for talent to track their progress as they refine their capabilities. The platform provides customized recommendations and development plans based on an individual’s assessment results, allowing them to focus on areas that require improvement. Moreover, Plum’s platform offers an intuitive interface that is easy to navigate, making it accessible for employees at all levels.
Disengagement
Disengagement is known to adversely affect work productivity and contribute to higher rates of turnover among staff. Plum’s Talent Assessment Platform provides a space where employees can express their interests and aspirations, creating an environment that encourages engagement and professional development. This approach leads to a more motivated and engaged workforce, retaining employees who would otherwise be disengaged.
Work engagement
Research has shown that with an increase in work engagement, employees’ emotional, cognitive, and forward-thinking behaviors will positively improve. The Talent Assessment Platform provides insights into each employee’s strengths and developmental needs, allowing employers to create tailored development plans that will positively impact work engagement.
Cost of Replacing Talents
Replacing an employee can cost between 33% and 150% of the position’s annual salary. The loss of institutional knowledge, recruitment and training costs, and lost productivity all contribute to this figure. Investing in an effective talent retention strategy, such as Plum’s Talent Assessment Platform, is a clear and significant cost-saving measure.
Professional development opportunities
According to a study conducted by PWC, 15% of employees report higher rates of engagement when provided with professional development opportunities. Plum’s Talent Assessment Platform is well-suited to provide tailored opportunities for all employees at all levels.
Meeting Employee Needs
When managers know how to meet their employees’ needs, both talent and the company have a greater chance of success. Plum’s Talent Assessment Platform provides employers with the necessary information to create customized development plans that will retain talent and drive the success of the company.
Evidence suggests that the retention and development of top talent is critical to the success of any organization. Companies that provide their employees with growth opportunities are more likely to retain their top talent and experience greater overall productivity. Plum’s Talent Assessment Platform provides the tools, insights, and recommendations that will help recruiters retain top talent, provide learning opportunities, and positively impact work engagement.