{"id":999881284,"date":"2011-12-30T21:15:00","date_gmt":"2011-12-30T21:15:00","guid":{"rendered":"https:\/\/dice.npgdev.com\/?p=515778892"},"modified":"2011-12-30T21:15:00","modified_gmt":"2011-12-30T21:15:00","slug":"talent-risk-mitigation","status":"publish","type":"post","link":"https:\/\/dice.npgdev.com\/hiring\/recruitment\/talent-risk-mitigation","title":{"rendered":"Risk Mitigation Techniques for Talent Management"},"content":{"rendered":"<div class=\"youtube-embed-wrapper\" style=\"height:0; overflow:hidden; padding-bottom:56.25%; padding-top:30px; position:relative\"><iframe allow=\";\" allowfullscreen=\"\" frameborder=\"0\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/H3BYNh8JS5U\" style=\"position:absolute;top:0;left:0;width:100%;height:100%\" width=\"640\"><\/iframe><\/div>\n<p>Any investment you put into your talent could go to your competitor when people move on. That fear of lost investment often creates a reluctance to train your own employees. \u201cYou get into this paradox of \u2018I can\u2019t find the talent I\u2019m looking for, yet I don\u2019t want to risk investing training into that talent to develop them because they might end up going to our competitor,\u2019\u201d explained   Mark Bennett, Product strategy director for Oracle Fusion Network at Work and Oracle Fusion Profile management That fear is holding many managers back, said Bennett during our discussion at the Enterprise 2.0 conference. The companies that move past that simply learn to manage the risk, Bennett. You have to take risks to get benefits. Invest a little, see how it works. If good, invest a little more. Here are some techniques Bennett recommends:<\/p>\n<ul>\n<li><strong>Invest a little at a time:<\/strong> Instead of making all your investment into one individual at one time, make a smaller investment and see how they respond in terms of improved response and engagement.<\/li>\n<li><strong>Share the risk:<\/strong> Have that person invest additional time to show that they\u2019re committed.<\/li>\n<li><strong>Deliver benefits on performance:<\/strong> Give the employee the necessary training, but don\u2019t give them a raise until they can demonstrate that they can take on new responsibilities.<\/li>\n<\/ul>\n<p>Prospective employees will soon learn how your company invests in your employees. That improves your brand and shows that your you&#8217;re committed to them. But don\u2019t open the door wide and just say, \u201cCome on in and we\u2019ll train you.\u201d You don&#8217;t want people to abuse your efforts as a one-way exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Any investment you put into your talent could go to your competitor when people move on. That fear of lost investment often creates a reluctance to train your own employees. \u201cYou get into this paradox of \u2018I can\u2019t find the talent I\u2019m looking for, yet I don\u2019t want to risk investing training into that talent [&hellip;]<\/p>\n","protected":false},"author":132,"featured_media":515778892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2159],"class_list":["post-999881284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-employee-retention"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.2 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Risk Mitigation Techniques for Talent Management - Dice Hiring<\/title>\n<meta name=\"description\" content=\"Any investment you put into your talent could go to your competitor when people move on. 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