Developing Talent, Maximising Investment
In 2024, only 2% of Fortune 500 CHROs were happy with their talent process ... yet employee performance has the biggest impact on business profitability, be it at entry-level, C-suite or in-between.
RODi HR was founded to work with clients frustrated by talent gaps wasting effort and eroding profits. If that's you, let's talk!
When it comes to securing the talented, competent people all businesses need, you've got two options
Recruit talent externally
BUY strategy
This is high risk and costly. Read on to see just how high risk and costly.
Develop your own talent
BUILD strategy
This requires clear sight of what "good" looks like & skills to consistently develop talent.
RODi HR is talent management software with a difference
We centre talent development within the context of delivering your business goals. Our solution supports your:
Talent Pipeline Development
Succession Planning
Career Planning
L&D Investment
Employee Engagement
Accelerated On-boarding
Cultural Alignment
Business Goals
WHY SELECT
A BUILD STRATEGY OVER A BUY STRATEGY?
01
Inflated Salary Cost
External talent searching for new opportunities typically also look for higher pay, to seal the deal.
Result?
More costly than promoting.
02
Failure Rate Cost
Best recruitment process results in 2-in-3 success rate. Most companies don't operate best-in-class.
Result?
Probability of poor hire is high!
03
'Didn't work' Cost
Research shows that 30% of external hires are gone within one year. Often leaving a trail of destruction behind.
Result?
Starting over from a minus position.
04
Salary Base Cost
Research shows that recruiting permanently increases salary base by 18% compared to internal promotion.
Result?
Increases cost base without return.
05
Poor Alignment Cost
Misaligned senior employees often change the culture, materially impacting morale and productivity.
Result?
Your high performers start leaving.
06
Hidden Cost
Actual cost of replacement runs closer to 200% of salary for management levels.
Result?
Hidden costs can be detrimental.
Recruiting experienced, talented, competent employees seems like the easier option but a lot can, and regularly does, go wrong. It is a high-risk, high-cost strategy that drains your energy and drags your business performance. Developing talent and promoting up requires investment but carries a fraction of the costs and risks of recruiting. It takes time (so does recruitment) but the returns are worth it. Especially when you invest in a talent and performance management solution that ensures clarity and consistency, like our RODi HR software solution does.
