What is Talent Strategy Consulting?
What’s your long-term plan for talent acquisition? In today’s market, staying competitive means adapting to changing economic conditions, new technologies like AI, and digital transformations. Relying solely on your in-house HR and recruiting team might seem like the obvious solution, but it often leads to ‘doing more with less’ and suboptimal results.
Working with a talent strategy consultant allows you to tap into a wealth of experience and expertise without disrupting your internal teams. In a world where fractional and consulting expertise is increasingly valued in organizations, hiring a talent acquisition consultant is a long-term, strategic move.
In this post, we're going to dive into the role of talent strategy consultants and how modern organizations are working with them to drive results.
The Role of Talent Strategy Consultants
Talent strategy consultants can assume various core responsibilities for your organization, depending on the type of engagement and partner you choose. Typically, they help with:
- Assessing current talent needs
- Forecasting future talent requirements
- Developing your talent acquisition strategy
- Engaging with stakeholders across the organization
- Assisting with change management
- Establishing employee engagement and retention programs
- Promoting diversity, equity, and inclusion strategies
With a talent partner like AMS, your talent strategy consultants are an embedded part of your team. They not only work towards your current objectives but are strategic partners who are committed to your long-term success.
Strategic Importance of Talent Consulting
How do you future-proof your talent acquisition and retention strategy? Working with top-tier consultants provides the expertise, experience, and guidance needed to navigate the workforce. Here are a few strategic reasons organizations collaborate with talent consultants:
- Adapting to economic changes
- Adopting new technologies
- Enhancing digital transformation
- Optimizing and training internal teams
- Long-term strategic partnerships
- Commitment to organizational goals
- Effective change management
Adapting to economic changes
Talent consultants have the expertise to help you navigate changing economic conditions. This involves not only adapting to downturns but also preparing for hiring surges to meet rising market demands. Partners like AMS bring a wealth of experience in creating flexible workforce models that can adapt to the current economic environment.
Adopting new technologies
Keeping up with the latest technological advancements is challenging for in-house teams. Talent strategy consultants, however, are immersed in cutting-edge technology. From AI and machine learning to new processes and automation, consultants are experts in these areas and are motivated to find competitive advantages for you. Collaborating with a talent partner also provides your team with access to training and resources for these technologies.
Enhancing digital transformation
The cultural shift towards digital transformation is ongoing and requires careful consideration. While digital technology offers many benefits, it must be implemented strategically for the entire organization. Talent consultants with experience in aiding numerous organizations are well-equipped to ensure your digital transformation is smooth and effective.
Optimizing and training internal teams
A common misconception about working with talent consultants is that they operate separately from your team. However, with talent partners like AMS, you gain access to world-class expertise integrated into your team. This collaboration allows consultants to train and elevate your internal teams effectively.
Long-term strategic partnerships
The benefits of working with talent strategy consultants grow over time. Investing in your talent strategy helps establish a long-term plan and provides ongoing support and assistance for execution. An often-overlooked benefit is that consultants like AMS are not subject to turnover like internal teams. Even with different individual consultants, you’ll maintain a consistent level of excellence throughout your partnership.
Commitment to organizational goals
Talent consultants are laser-focused on your organizational goals. Their mandate and scope of work are typically limited and highly strategic. Unlike internal teams that can be disrupted, consultants stay focused on your objectives.
Effective change management
Change management can be sensitive and requires a deft touch. Talent consultants bring extensive experience in handling challenges and can offer your organization the discretion needed during key changes.
Talent Strategy Consulting Case Studies
AMS is a leading talent strategy consultancy with a rich history of collaborating with top enterprises. We assist our clients with technological integration and optimizations, improving applicant tracking systems, and implementing AI solutions. Additionally, we’ve helped companies scale recruitment, redesign early career hiring processes, and facilitate organizational change.
Here are two case studies that demonstrate the role of talent strategy consultants.
Domino's Pizza - Delivering Digital Candidate Experiences
How do you remain the top pizza restaurant in the world? For Domino's, a key part of their strategy is the need to identify, develop, and retain best-in-class talent. However, when they faced a challenge with their outdated application tracking system (ATS), they called in the experts.
AMS was brought in as a talent strategy consultant to help modernize the technology and meet Domino’s talent acquisition goals. Using modern technology and supporting the Domino's team with training and support, Domino's was able to dramatically improve their application process.
Not only was this solution successful, it also helped Domino's win The Best Use of Technology Award at the 2022 US Tiara Talent Awards. Read about this success story here.
Rolls-Royce - Early Careers Hiring
Few companies are as iconic in modern culture as Rolls-Royce – instantly recognizable for its elegance and class. Rolls-Royce has set its sights on being a leading Early Careers employer, investing in young talent and becoming a global leader through innovation. With a long-standing partnership with AMS, they expanded their focus on Early Careers.
Through the strategic talent partnership, AMS and Rolls-Royce created a global campaign for Early Careers recruitment utilizing technology like the PowerBI platform. This resulted in a redesign across all Rolls-Royce Early Careers programs. The impact has been substantial and measurable. For example, AMS improved the candidate conversion rate from 40% at the final stage interview to 53% globally.
This initiative earned industry recognition, garnering multiple awards such as the 2022 ISE, Tiara Recruitment Awards and Recruitment and Marketing Awards, and the 2023 National Graduate Recruitment Awards. Read about this success story here.
Future-Proofing Your Talent Strategy with a Consulting Partner
The strategic integration of talent consultants is more than an operational necessity; it’s a competitive advantage that can future-proof your talent strategy. Talent consulting partners like AMS can play a long-term role in your strategy, from training and supporting your internal team to assisting with recruiting efforts and implementing new technologies. Look for a partner with a proven track record and dedication to your organizational goals.
If you're interested in exploring how a talent strategy consulting firm can help, get in touch with us today.
