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The growth in the electronics
industry is continuing to have a major impact on the world
economy and the way people communicate, conduct business,
and receive entertainment. The key factor fueling this growth
is the semiconductor technology.
Advances in semiconductor technology are enabling engineers to develop electronic
devices that bring new capabilities to the consumer every product cycle.
The opportunities for continued growth and innovation are exciting and seemingly
endless. However, companies developing electronic and semiconductor products
are experiencing an ever-increasing set of challenges in the development
of electronic products.
There are three major issues these companies face:
a) Time to market:
This often dictates whether the product will be successful in gaining significant
market share, and often has fundamental impact on the company's top and bottom
lines.
b) Growth in design complexity:
The ability to effectively manage design complexity and ensuring the implementation
of a design is correct is a major factor in the success of an electronics
product.
c) Scarcity of engineering talent:
The demand for engineering talent is changing the way companies' resource
their product development projects.
Our Talent Acquisition process
takes care of the third major issue, 'Scarcity of engineering talent'.
The following presentation will cover about our initiative to address the
need of talented engineers breaking down the international barriers and how
we develop them to face the need of a complex system-on-chip designs process.
Most senior business people already recognize that the ' war
for talent ' is raging. Even in the current economic slowdown,
the difficulty experienced by many organizations in finding highly
talented people is considerable. And changing demography suggests that
this will only get worse.
So what can organizations do to ensure they give themselves the best chance
of finding great people who will lead their organizations forward and help
deliver the returns expected by all shareholders?
With our recently developed best practice process in Talent Acquisition
we can now help you:
- Recruit highly talented engineers.
Not just the best candidate in the market, but the best person for the
job.
- Whilst Cutting your 'Cost
to Hire' by up to as much as 75% over your previous traditional
recruitment costs
- And reducing your 'Time
to Hire' enabling you to engage the right person when
you need them, and not when the market makes them available again
Admittedly, there are times when you've bitten off more than you can
chew. But most of the time, someone else has presented you with an unrealistic
project deadline that you are more-than-skeptical about meeting.
With our Talent Acquisition services, you can quickly increase
your team capacity and energize your project. We offer engineers who arrive
job-ready to help you meet your important project milestones.
The engineers are highly motivated individuals who offer focused technical
skills derived from our years of hands-on experience. With these individual
track records comes the backing of CG-CoreEL.
Talent Acquisition: So what exactly do we mean by the term Talent
Acquisition? Well, just as Customer Acquisition describes the overall strategic
process around identifying market sectors, targeting client prospects,
running direct marketing campaigns, selling and receiving the order (i.e.
acquiring a new customer), so Talent Acquisition involves all the sub-processes
around finding, attracting and engaging highly talented individuals into
your organization.
Strategic Process - Historically organizations have not treated
the recruitment process as one of strategic importance, but latterly many
are now waking up to the reality that the world has changed dramatically.
No more can the organization pick and choose between several great candidates
for one position. Several changes in our connected world has tipped the
scales in favour of the highly talented individual looking for a new opportunity.
Firstly, of course, there is the Internet. Never before in the history
of humankind, has there been such an enabling technology. Candidates can
now advertise their desire to change jobs within minutes of making the
decision and receive enquires about their talents within hours.
Potentially, it is feasible that a high quality employee of yours, having
received the final 'straw which broke the camels back' (bad appraisal,
inappropriate negative response from boss, extra workload stress etc.)
can post their CV/Resume up on a particular jobs board at midday today,
receive three interested requests for contact with third party recruiters
or headhunters within hours, be interviewed for an outstanding role (at
one of your competitors) tomorrow, receive an offer in writing the following
day and resign that afternoon (within 2 days).
Scary, isn't it? But if the Internet has enabled this process for candidates,
it has also brought significant advantages for organizations.
Direct access to the candidate market - Now organizations can go
direct to the candidate market, thereby cutting the time it takes to find
the right people, whilst dramatically reducing their recruitment costs.
However, simply posting up jobs on various jobs boards is not the answer.
Best Practice Process - Instead, based on all the research we have
compiled over the last 18 months, we believe that Talent Acquisition needs
to be addressed at the most senior levels within all organizations - big
or small, public or private. This means that Talent Acquisition needs to
fit 'hand in glove' with your overall organizational strategy.
It needs to have the appropriate level of resources behind it; it needs
to be monitored and reported on at all board meetings and it needs to involve
many people within the organization who attribute to it the importance
that the organization requires.
But don't despair, given the correct focus we can help ensure that your
organization becomes an 'employer of choice' in this brave new world. Because
we do it all for you find, nurture and deliver the talent for your organization.
We present here a glimpse of our whole Talent Acquisition Program ....
Without employing the right people in the right roles at the right time,
an organization will not achieve its goals. By managing Talent Acquisition
as a key business process therefore (just like supply chain management,
sales order management, customer relationship management etc.), we on behalf
of you will be in a better position to attract and hire highly talented
people as and when your organization needs them.
No longer will you be held ransom to a declining labour pool market, a
skills shortage, or a short-term requisition.
Drawing on current research in the areas of human resource / capital management
and online and offline recruitment, we have compiled a best practice guide
to Talent Acquisition. Using the process developed we can help you recruit
highly talented people when you want them, and at a price you want them
for.
The process includes.
- Uncovering Organizational Strategy - Before we start we first
familiarize ourselves with the intended vision, mission, goals & objectives
of your organization. Unless we do this we won't be able fit the talents
perfectly within your organizations overall strategy and the organization
will fail to achieve its stated goals. Ensuring that the organizations
Talent Acquisition strategy is in line with the 'officially recorded'
overall strategy will ensure that no time is wasted and no resources
are diverted away from achieving the organizations goals.
- Establishing your Talent Acquisition Strategy - You've probably
heard it said, "Without a strategy the vision perishes". For the organization
as a whole and also all constituent parts/divisions/departments this
is certainly true. But how important it is also for key organizational
processes. Without paying enough attention not only to the overall outputs
of the process, but also to the inputs and resources employed within,
the results may not be as expected. Without breaking down your objectives
into bite-sized chunks, the chances of bringing in the right people at
the right time and the right cost will be more remote. We'll help you
establish your overall Talent Acquisition objectives and stay focused
on realizing the vision.
- Process Planning - An area often neglected - establishing a
clear process plan. By setting out plan we'll be better equipped to -
argue your case, monitor the progress being made, report on demonstrable
achievements over time, identify weak links, stay focused on delivering
the organization's strategic plans.
- Talent Mapping - Talent Mapping is all about identifying the
long term talent profiles (bundles of skills, experience and knowledge)
of the people needed within the business and then identifying from where
and how these will be acquired.
- Talent Searching - The benefit of carrying out this process
will be to facilitate a speedier and more cost effective response to
your talent acquisition needs.
- Talent Acquisition Tactics - Having done all that preparatory
work, one last action required before launching your Talent Acquisition
campaigns is to pull it all together in specific tactical plans i.e.
exactly what are we going to do, when, where and how?
- Talent Attraction - Finally, the day has arrived! This is when
we put into action all those well-developed plans and watch the results.
We'll start to attract the type of people who'll successfully develop
your organization into all that you want it to be.
- Talent Screening - With loads of candidate responses now flooding
we adopt a efficient screening process using latest technology, to help
manage the list down to a sizeable length prior to face-to-face interviewing.
The outcome of this process will be to break down the mass of candidate
responses to a manageable size - following the '80/20' pare to principle.
Without going through this step one may probably drown in a sea of confusion.
- Talent Matching - The concept is to 'match' the person's talent
profile to the performance profile of the job/vacancy. When interviewing
a candidate we subscribe to the Power Hiring school of thought, which
says that what you are after is getting the candidate to 'earn' their
way to an offer from your organization. By running through a comprehensive
interviewing process we'll be more likely to match the best candidate(s)
who will move the organization on towards achieving its overall goals
and objectives. We know exactly how to discern between those who simply
look great on paper and those people who really do have what it takes
to help your organization succeed.
- Talent Selection - This process is more about 'doing the deal'
before engaging them within the organization. It is important to consider
this next step as a strategy communication exercise. By following this
step in the overall Talent Acquisition process we guard against having
the highly talented candidate being snatched away from under your nose.
It will also further cause towards making you recognized as an employer
of choice.
- Talent Development - A Scientifically and screened process
to make these selected talent to mould to your requirement, by giving
technical and non-technical skill input and development needed for achieving
your organizational goal.
- Process MRI - This is the continuous and periodic process instead
of step - that of Monitoring, Reviewing and informing the overall Talent
Acquisition Process. In truth the monitoring continues throughout the
whole process at each step of the way. You are able to review the overall
process against the your organizational objectives (as defined in step
2) and use your conclusions to inform (or reform) our previously defined
strategy. By 'closing the loop' we put you in a better position to execute
Talent Acquisition campaign in line with the organization's stated objectives.
This will ensure that as we bring in new people to your organization,
you continue to spur the organization on towards achieving its hope and
dreams.
To find out how we can help you find the
right talent contact us or
email us at training@sandeepani-vlsi.com .
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