Invest In Young Talent, It’s Worth It

23 May

I like money.

Not in the sense that I need a million dollars and not in the sense that I need to go shopping every day, but I do like shoes.

I’ll own these one day…

God, they’re gorgeous.

Okay, fine. I like to shop. But I do like to SAVE money more than I like to shop. I like to save a lot of it. This makes me happy.

Unfortunately, today’s economy is rather unpleasant and many people haven’t been able to save much money. So whenever I meet with my financial advisor, he tells me that I’m one of the lucky ones. He tells me that I have the luxury of saving now, from a young age, and that by the time I’m much older, I should be in a pretty good financial situation. My advisor tells me to buy stocks. He tells me to be aggressive.

Now while I know very little about stocks, I do understand the basic concept.

You buy them at a price. You sell them at a higher price. That’s how you make money.

So when you buy them for pennies and they end up being worth millions years later, that’s freaking awesome.

Well, that same concept applies to talent management.

Employers these days are missing out on great candidates as they continue making experience qualifications unrealistically high for recent grads. Like really, you don’t need three years of work experience to be an administrative assistant. You just don’t. But I won’t get into that right now.

Employers, here’s some advice that will allow you to attract and retain the best talent:

  1. Identify high potential candidates.
  2. Chase them aggressively.
  3. Then hire them.
  4. Then teach them.

Sure, they don’t have years and years of experience…How can they? THEY JUST GRADUATED!

But guess what? That’s great news for you! You know why?

Because you don’t have to pay them huge salaries to get the job done!

Give them that experience. Provide them with training. Allow them the opportunity to make something of their lives. That’s really all they want.

But before you feel like you’re doing these young professionals a favor by employing them, understand that it truly is a win-win situation for everyone involved. In regards to training, the more you teach your employees from a young age, the more they’ll know five years from now. The more they’ll be able to contribute in the future.

Think of your employees as retirement accounts. The more money or the more knowledge you put into them from an early age, the higher the likelihood that the payout will be large.

Fully embrace the idea of compound interest.

Buy your employees when they’re worth pennies and when they’re worth millions, they’ll contribute to your organization in BIG ways. Cultivate talent as early as possible. That’s how organizations become rich.

Invest in young talent, it’s worth it.

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23 Responses to “Invest In Young Talent, It’s Worth It”

  1. bornattwentyfive May 23, 2012 at 3:50 pm #

    Such a great post!

  2. L May 23, 2012 at 4:00 pm #

    You are speaking my language… you have no idea how much I agree with this post.

  3. L May 23, 2012 at 4:00 pm #

    Reblogged this on Not So Skinny Genes and commented:
    My thoughts exactly… Seems like common sense, so why are organizations not listening???

    • Kayla Cruz May 23, 2012 at 4:32 pm #

      It does seem like common sense and yea, it’s frustrating that not enough organizations are listening. Some are starting, though. So let’s just keep showing them what we can do. There’s just too much talent that in my opinion, shouldn’t be wasted. Thanks for reading and commenting. Have a great day! 🙂

  4. Gerald Lane Summers May 23, 2012 at 4:19 pm #

    You go girl. Right now, putting your money in the bank savings will not earn you much money, but over time it will do what you need. I would advise young investors to go with a firm like Charles Schwab. They will set up an investment program for you depending on your level of risk and help you adjust it periodically. Don’t authorize anyone to make investments without consulting you first, and avoid independent brokers. I have known a number of people who got screwed by independents, because no one is looking over their shoulder. That is not true of the large companies.

  5. xoEvelynOrtizHasSpoken May 23, 2012 at 9:01 pm #

    Kuddos to you to being a good money saver, this is something that I have yet to master!

    && I agree that employers should invest in the young generations of today. This concept scares me a bit that they expect Graduates to come out with so much work experience.

  6. anlena May 23, 2012 at 10:05 pm #

    I wish all the companies that have rejected me so far for that reason would read your post 😉

  7. ivonprefontaine May 23, 2012 at 11:01 pm #

    Quality employees, young or old, are great investments in the future. There are many people out there who can do a great job for companies. The advantage of young people is they can make the organization or enterprise a great place to be for longer.

  8. Bob Woodcock May 23, 2012 at 11:05 pm #

    Great post Kayla…and that’s comning from a Boomer! You guys are the next generation of leadership. Get you on board, get you engaged and retention isn’t an issue. If you’re passionate about what you’re doing you are in for the long haul, but then again so were we.

    The intersting thing is that I can remember having this same conversation with my sister when she graduated from the University of Guelph with a degree in Psychology in 1972. Okay, not the retirement account stuff but all of the rest.

    You guys are going to be fine. You are talented, gifted and incredibly employable. You need to show how you add value to the organization. Business is all about the value proposition. Make sure you tie your value proposition to their world and you’re in the door.

  9. Tina Del Buono, PMAC May 24, 2012 at 12:35 am #

    I totally agree with you Kayla, all of my staff are my children’s ages or younger. Why? Because they are smart, quick, and they understand the means of marketing and promotion in today’s world because of being raised on technology. I would be foolish not to. Great article!

  10. rdopping May 24, 2012 at 12:46 am #

    Nice shoes. My wife has two pairs. Christian Louboutin knows how to make women look good. The great thing about shoes like that is that they last a really long time if you take good care of them and that’s what’s wrong with a lot of employers these days. They are not willing to make the investment in their assets because they simply think that the investment isn’t worth it because they will eventually leave.

    It is inevitable. No one stays at a job for life so there the employee goes round and round being exploited. The cycle won’t really stop so as an employee you need to find the places that will invest enough in you that you can learn.

    Sorry, a bit of a pessimistic viewpoint but it’s basically true. it’s up to the employees to make the most of the the employment experience. Anyone care to take a stand on this issue?

  11. Nora Stewart May 24, 2012 at 5:34 am #

    Yup! Couldn’t agree more. And don’t forget, you then need the experienced people to teach them and pass on the wisdom…!

  12. wendymc12 May 28, 2012 at 7:53 am #

    Great post, really enjoyed it. 🙂

  13. roxannesonnenberg June 2, 2012 at 6:04 pm #

    I think I almost screamed reading this post. You could not have articulated my thoughts any better. This is such a great post…I wish someone would take your advice and hire me!

  14. vicky July 3, 2012 at 3:30 am #

    interesting post. i m facing these issues nowadays.

  15. vicky July 3, 2012 at 3:31 am #

    Reblogged this on Vignesh Murugan and commented:
    for employers to understand about young talents

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