Despite the current economic environment, organizations will be increasingly challenged to keep pace with expanding hiring needs. Demand for talented employees will exceed the supply, leaving many organizations wondering what recruiting strategies they can adopt to maintain their competitive advantage. Being able to effectively recruit the “next-generation” of talent from a diverse workforce is a key issue for many organizations. It ultimately requires reinventing talent management strategies beyond traditional approaches.
Despite accounting for approximately 15% of the U.S. workforce, Latinos represented 37% of the total increase in U.S. employment. Although Latinos have experienced growth in the workforce, and more Latinos hold professional occupations, the percentage of Latinos in the highest leadership ranks relative to the overall workforce is still low. However, organizations have realized the far-reaching benefits of building a culturally diverse workforce and, given the importance of the Latino population, want to increase Latino representation at all levels of their organizations.
The increasingly multicultural U.S. labor force is having a clear impact on the future of talent management strategies. Every aspect of these activities, from recruiting to communication, will need to consider an increasingly diverse candidate pool. Traditional or broad-based human resource strategies, should adapt to these new realities. Effective talent management strategies specifically designed to reach Latino talent can provide organizations with a significant competitive advantage.
Organizations know why – AdMentis knows how.