A Strong Purpose: Making Your Company a Magnet for Talent

Tags

Ethics, Faith at Work, Hiring, Talent

People Focus

To find and make the most of talent, companies need to be good at five disciplines:

• Strategic hiring: Hire people who are not only competent, but also aligned with the company’s purpose and culture. Use behavioral interviews, assessments, and references to evaluate candidates’ fit.
• Zero tolerance for people who violate their ethics: Fire or discipline anyone who acts against the company’s purpose or values, regardless of their performance or seniority. This sends a clear message that integrity is non-negotiable.
• A focus on potential: Look for people who have the ability and willingness to learn, grow, and adapt to changing situations. Potential is more important than experience or credentials in a fast-changing world.
• Alignment of HR processes: Align all HR processes, such as performance management, compensation, recognition, development, and succession planning, with the company’s purpose. Reward and promote people who demonstrate the desired behaviors and outcomes.
• Values-based succession at the top: Select leaders who embody the company’s purpose and values, and who can inspire and influence others to follow them. Avoid choosing leaders based on charisma, popularity, or politics.

You can make your company a magnet for talent, but only if you are consistent and coherent in applying it across your organization. A purpose is not something you declare once and forget about it; it is something you live every day.

Faith at Work: Followers of Jesus know that the power of the Holy Spirit can transform the workplace and the talent that leads it. A focus on strengths and not weaknesses is essential.

Read more here: https://hbr.org/2023/11/a-strong-purpose-can-make-your-company-a-magnet-for-talent