Talent Management - July 2008 - (Page 55)

DASHBOARD continued from page 51 are enormous opportunities to be realized through WOTC credits for select hires, as well as zone credits for hiring in local communities. In addition to WOTC earned credits, many companies qualify for zone credits conferred for hiring/training persons in select geographic areas. For a company with hundreds of stores and/or distribution centers located throughout the United States, earning zone credits is an effective way to generate additional revenue. Realizing that revenue through traditional, manual HR processes, however, can be a labor-intensive operation. Automation can streamline the process and make it easy to earn those credits. The right solution will streamline a full complement of the initiatives involved in capitalizing on federal and state ﬁnancial credits, including: • Conducting monthly location reviews for new stores, new ofﬁces, noticeable hiring initiatives. • Pre-hire screenings of employment candidates, included with the WOTC screen. • Negotiating with granting entities based on current programs and speciﬁc company initiatives. • Providing net credits to the company using an in-place reporting program. • Tracking legislative initiatives to identify new revenue opportunities. HR processes and generating new revenue streams, here is a checklist to help ensure the program delivers on both aims: • Set goals and priorities early. Build programs to provide accurate and ongoing support to act on opportunities is challenging. • Engage a vendor partner early to help identify goals and priorities. That partner also should aid in the development of data-sharing and reporting sys- Any vendor of HR automation solutions should be prepared to participate in the training of company personnel on the requirements to make the program a success. Technology alone will only go so far to help turn some piece of the HR or talent management function into a proﬁt center. Human resources, talent executives, ﬁeld supervisors, as well as other company leaders, must participate and express their support to educate hiring managers on the value of following the program. As more companies adopt hiring-related talent management solutions and other technology packages that automate some of the most labor-intensive processes associated with identifying, vetting and hiring candidates, it clearly has become far easier to take advantage of state and federal ﬁnancial incentives such as hiring tax credits that have long existed but few have been able to capitalize upon effectively without help. Best Practices For those companies eyeing hiring management technology solutions with the twin goals of streamlining Businesses can earn up to $2,400 for each qualiﬁed adult new hire and up to $9,000 for each long-term family assistance recipient hired over a two-year period. tems. These tasks will take the most time and will be needed to show early successes and build internal company support. Also, engage vendor partners early for any new company initiatives such as opening new locations. • Start with one program such as WOTC, and build measurable, relatable successes there before expanding. • Sell the program internally by focusing on: • Ease of compliance. • Vendor management of agency certiﬁcation and reporting. • Value of earned credits vs. earned revenue. Paige Vesuvio is vice president of First Advantage’s Employer Services division, a provider of recruiting, hiring management, screening and ongoing retention processes. She can be reached at editor@talentmgt.com. July 2008 talent management magazine www.talentmgt.com 55 http://www.talentmgt.com

Table of Contents Feed for the Digital Edition of Talent Management - July 2008

Talent Management - July 2008 Editor’s Letter Human Performance Leading Edge Learning Connections Guest Editorial Passive Candidate Recruiting: Evolving with a Changing Workforce How Do They Feel? Sec Regulations and Executive Compensation Performance Management: A Retail Perspective Train the Non-Trainer Management-Go-Round: Developing Future Leaders Netflix Creates Its Own Script for Talent Management Intuit Spotlights Strategic Importance of Global Employee Recognition Make HR a Profit Center: Automate Technology to Gather Tax Credit Data Offshoring and the Impact on Talent Management Advertisers’ Index Editorial Resources Full Potential

Talent Management - July 2008

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