Marcus Insights
HR Innovation: Attracting Top Talent in a Competitive Creative Industry


Ask Marcus a Question

Need help finding what you need? Say hello to Marcus.

Based on our proprietary MARC [?] technology, Marcus will search our vast database of management topics and best practice documents to identify the most relevant to your specific, unique business situation. This tool is still in beta. If you have any suggestions or questions, please let us know at support@flevy.com.


Role: Director of HR Innovation
Industry: International Media Conglomerate


Situation:

Leading HR innovation for an international media conglomerate, I'm tasked with implementing a flexible work model and modernizing recruitment to attract global talent. Internally, our traditional corporate culture clashes with these new initiatives. Externally, the media industry is highly competitive, with a need for creative and tech-savvy talent who often prefer flexible, project-based work.


Question to Marcus:


How can we transform our HR practices to attract and retain top talent in a competitive, creative industry while fostering a culture that embraces flexibility and innovation?


Based on your specific organizational details captured above, Marcus recommends the following areas for evaluation (in roughly decreasing priority). If you need any further clarification or details on the specific frameworks and concepts described below, please contact us: support@flevy.com.

Change Management

To effectively attract global talent and implement a flexible work model, Change Management will be pivotal. This involves preparing and supporting your employees to adopt new methodologies and embrace the Digital Transformation that comes with modern recruitment and Remote Working.

By applying a structured approach to change management, you can minimize resistance from your traditional Corporate Culture. Communication is key: clearly articulate the benefits of these changes and provide training to ensure a smooth transition. Engage with change champions within your organization to facilitate buy-in and model the flexibility and innovation that you want to see across the company.

Recommended Best Practices:

Learn more about Digital Transformation Corporate Culture Change Management Remote Work

Corporate Culture

In fostering a culture that embraces flexibility and Innovation, it's essential to understand that corporate culture is deeply ingrained. To shift this, start by defining the desired culture, explicitly stating the behaviors that will support your innovative HR practices.

Recognize and reward those behaviors when you see them. Culture change won't happen overnight, but small, consistent actions, such as flexible work policies and promoting cross-departmental collaboration, can have a big impact. Encourage Leadership at all levels to exemplify the new culture.

Recommended Best Practices:

Learn more about Leadership Innovation Corporate Culture

Are you familiar with Flevy? We are you shortcut to immediate value.
Flevy provides business best practices—the same as those produced by top-tier consulting firms and used by Fortune 100 companies. Our best practice business frameworks, financial models, and templates are of the same caliber as those produced by top-tier management consulting firms, like McKinsey, BCG, Bain, Deloitte, and Accenture. Most were developed by seasoned executives and consultants with 20+ years of experience.

Trusted by over 10,000+ Client Organizations
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
AT&T GE Cisco Intel IBM Coke Dell Toyota HP Nike Samsung Microsoft Astrazeneca JP Morgan KPMG Walgreens Walmart 3M Kaiser Oracle SAP Google E&Y Volvo Bosch Merck Fedex Shell Amgen Eli Lilly Roche AIG Abbott Amazon PwC T-Mobile Broadcom Bayer Pearson Titleist ConEd Pfizer NTT Data Schwab

Talent Management

Modern Recruitment is about more than just filling positions; it's about finding the right talent that will thrive in your company's environment. Develop a strategic Talent Management plan that aligns with your business goals.

This might include creating talent pools, focusing on employer branding initiatives, and leveraging employee referral programs. Additionally, consider how you will retain talent. This often involves career development opportunities, a positive work-life balance, and a competitive compensation package that includes benefits appealing to a global workforce.

Recommended Best Practices:

Learn more about Talent Management Recruitment

HR Strategy

Your HR Strategy should be a forward-thinking blueprint that aligns with your company's overall strategic objectives. It should address not only recruitment and flexible work arrangements but also Succession Planning, diversity and inclusion, and the technological tools that will support these efforts.

Your HR strategy should be data-driven, utilizing HR Analytics to make informed decisions and measure the success of your initiatives. This will help you to continually adapt and improve your practices in a rapidly changing media industry.

Recommended Best Practices:

Learn more about HR Strategy Succession Planning Analytics

Digital Transformation

Digital transformation within HR means utilizing technology to create more efficient processes and better employee experiences. Implementing an advanced HR information system (HRIS) can streamline everything from recruitment to Performance Management.

Use technology to create a seamless candidate experience, from job search to application to onboarding. Also, virtual reality (VR) and gamification can be used for innovative training programs. Embrace analytics and AI for predictive Hiring and to gain insights into employee satisfaction and turnover.

Recommended Best Practices:

Learn more about Performance Management Hiring Digital Transformation

Recruitment

With the goal to modernize recruitment, focus on creating a candidate-centric process. Utilize social media, online forums, and professional networking sites to reach a broader, global audience.

Offer virtual interviews and consider asynchronous video interviews to accommodate different time zones. Highlight your company’s embrace of a flexible work model in job postings to attract creative and tech-savvy talent. Furthermore, showcase success stories of current employees who have thrived under this new model to demonstrate the reality of the opportunity.

Recommended Best Practices:

Learn more about Recruitment

Flexible Work Policies

Implementing a flexible work model requires clear policies that set the expectations for both employees and management. Develop guidelines that cover various flexible working arrangements such as remote work, flextime, compressed workweeks, and job sharing.

Ensure that there is a solid IT infrastructure to support remote workers and that your team has access to collaboration tools that foster communication and teamwork, regardless of physical location. Train managers on how to effectively lead Virtual Teams and measure performance based on output rather than hours logged.

Recommended Best Practices:

Learn more about Virtual Teams Corporate Policies

Performance Management

Reassess your performance management system to support flexible working and a geographically dispersed workforce. Focus on setting clear Objectives and Key Results (OKRs) that align with company goals and can be measured effectively, regardless of where or when the work is completed.

Move away from annual reviews to continuous Feedback mechanisms that can provide real-time recognition and address issues promptly. Embrace technology that facilitates this ongoing dialogue and integrates seamlessly with work-from-home setups.

Recommended Best Practices:

Learn more about Objectives and Key Results Feedback Performance Management

Leadership Development

To ensure the successful transformation of HR practices, invest in leadership development. Leaders at all levels will need to be champions of change, modeling the flexibility and innovation you're looking to instill in the corporate culture.

Equip them with the skills to manage remote teams effectively, to communicate clearly and empathetically, and to drive performance in a flexible working environment. Consider leadership coaching, Workshops, and learning modules focused on these new competencies.

Recommended Best Practices:

Learn more about Workshops Leadership

Innovation Management

Encourage a culture of innovation that permeates through the HR department and beyond. This can involve setting up an innovation lab or cross-functional teams tasked with developing new approaches to work and collaboration.

Promote a 'test-and-learn' attitude where initiatives can be piloted and iterated upon based on feedback. This can apply to new recruitment practices, Employee Engagement programs, or even the flexible work model itself. Recognize and celebrate innovative ideas and their impact on the organization.

Recommended Best Practices:

Learn more about Employee Engagement Innovation Management



Flevy is the world's largest knowledge base of best practices.


Leverage the Experience of Experts.

Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.

Download Immediately and Use.

Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.

Save Time, Effort, and Money.

Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.




Read Customer Testimonials






Additional Marcus Insights