How to acquire and retain talent?

“An organization’s strength is determined in large part by the quality of its talent,” said Kim Stewart, SVP and director of talent management for First Citizens Bank. “In a competitive hiring environment, the way to attract great talent is by providing a strong organizational culture and opportunities for people to grow.”

Employees are an organization's lifeblood. Successful businesses hire the best talents, but they also know how to retain them over an extended period. Because when the skilled employees leave, replacement gets troublesome.

In this episode, Dr. Sriharsha Achar shares his talent acquisition practices and the top skills a recruiter must-have. As Dr. Sriharsha mentioned, hospitals have been slow in adapting to technology in hiring, and their rewards and recognition practices are unique. Hospital employees see big rewards in training and learning. He further adds on how leaders can manage the millennial workforce and maintain an excellent retention rate.

Dr. Sriharsha Achar is the CHRO at Apollo Hospitals. Dr. Sriharsha is an alumnus of Goa University and has done his PHD from Canterbury University and has worked with companies like Apollo Munich and America Online.

Connect with Dr. Sriharsha on Linkedin.

Show Notes:

(00:00) Introduction to Dr. Sriharsha Achar.
(01:54) HR challenges in the healthcare industry.
(6:35) Acquisition practices in the healthcare sector.
(10:33) Influence of technologies in the hiring process.
(14:40) Rewards and recognition at Apollo Hospitals.
(19:10) Qualities that Apollo Hospitals look for in candidates while hiring.
(20:35) How do effective leaders manage millennials?
(25:47) Advice for young professionals who are associated with talent acquisition.

Also read our blog: 8 Top Employee Retention Factors