Unleashing Potential Through People Strategy
In today’s world, the ability to attract, retain, engage and properly leverage top talent is a significant differentiating factor for business success. While there are numerous articles that discuss the importance of hiring strategies, employee benefits packages or management skills, the reality is that the “people” side of your business is complex. It is a multi-faceted and deeply important element of your business that impacts performance and customer experience, and deserves a well-crafted strategy that aligns with your strategic goals.
Cosgrove Partners takes a unique and comprehensive approach to evaluating and optimizing the human side of businesses. Through a meticulous assessment of your organization, we tailor strategies that align individual skills with your strategic goals, ensuring that your processes and talent strategy reflect your unique culture and values. This holistic approach fosters the retention of exceptional employees in an era where attracting and retaining top-tier talent has become increasingly challenging.
By examining the various elements of the human side of your organization, we’ve developed offerings and support models that assist businesses in implementing a people strategy that aligns with their values and improves bottom-line results.
Organizational Design:
The organizational design (org chart, career paths, and the people within those) that you nee today is likely different from what will be required to compete and succeed 5-10 years from now. Key milestones impact the structural needs of your company and new growth goals require a slightly different foundation for success. Evaluating the organization’s current state needs versus the future is essential to crafting a roadmap for success. This includes meticulous examination of org chart structures, job descriptions, competency models, and career paths. By aligning the company's departments and structure with its goals, you can ensure your organization is not just thriving today but is prepared for the challenges of tomorrow.
Talent Acquisition:
Identifying and securing the right people is a pivotal aspect of any successful business strategy. One way we address this challenge is by developing a comprehensive talent acquisition solution. This involves designing an effective interview process, implementing pre-hire testing, and creating interview guides to ensure you are properly evaluating the candidate in front of you. Afterall, it is far more costly to hire and turnover employees than to take the time to properly invest in the process by which you attain them. By optimizing the candidate journey you will attract top-tier talent and position new hires for success from day one.
Employee Experience:
Once top talent is on board, creating an enriching and fulfilling employee experience is crucial for retention. Having processes in place such as onboarding plans, engagement surveys and review processes not only aid in retention but directly correlate to individual performance and a company’s bottom-line results. Most companies that succeed with hiring top talent have difficulty properly onboarding those individuals, which creates challenges in their ability to not only assimilate to the culture but to develop a proper understanding of the cross-functional role that require a speedier ramp-up and improved longevity. In addition, focusing on recognition and awards ensures that employees feel valued and motivated. By enhancing the overall employee experience, you will create a positive work environment that encourages growth and loyalty.
Training, Growth & Development
Investing in the growth and development of employees is not just a perk; it's a strategic necessity. Development and growth plans must be mutually beneficial to the organization and the people you employ. Implementing management training, sales training or executive coaching provides a backbone for intentional planning and execution, ensuring that your workforce is equipped to drive success.
People Operations
Your team’s engagement and performance are directly tied to business bottom line results. Real-time data measurement, HR dashboards, compensation studies, and compensation package design are common components of the solutions CP will offer. This enables businesses to make informed decisions and seize coaching opportunities in the moment, resulting in improved overall performance.
Your culture can either be your greatest strength or your greatest source of pain. In fact, it impacts your closing rate, customer satisfaction, and internal operations. We truly believe that taking steps to improve your people strategy gives the competitive advantage needed in order to attract talent and improve your bottom line.
If you are interested in learning more about how Cosgrove Partners drives change with People Strategy, contact katie@cosgrovepartners.com.
