Can You De-Risk The Hiring Process?

Posted: Updated:

Finding the best skilled talent for our growing life sciences company can be challenging, especially in a region where the skills gap continues to widen. We are devoted to spending the time and resources to identify and develop our staff. But, talent recruitment and development don't come without inherent risks.

Even after months of concentrated recruitment activity, there are times you just can’t find the right employee. Other times, you have a good candidate, but once the employee is on-staff you realize the hire is not a good match. Sometimes, things just don’t work out, despite your best efforts.

As a business owner committed to building a successful enterprise, I know that our business is only as good as the employees we hire, train, and welcome into our family of valued team members. I am proud of our talent development efforts and believe one of my top responsibilities as president and CEO is to ensure we attract the best and brightest.

We take a holistic approach to recruitment and talent development and provide multiple entry points and growth opportunities for employees in our company. We hire college interns to give them experience outside the classroom with the goal of developing an early interest in what we do: helping companies expedite life science product development regulatory pathways. Our customized training programs for both new and existing employees ensure they remain leaders in their areas of expertise.

These ongoing talent development programs take time and resources to implement and operate, but what if you could have these resources available at no cost with little-to-no risk?

That’s what we found with Employ Up, a targeted talent development program through EmployIndy. Employ Up received an $8.4 million grant from the U.S. Department of Labor to invest in training for residents who have found themselves in a job that doesn't use their skills or education, or who have been unemployed for more than six months. The grant is being used specifically to help Central Indiana businesses recruit skilled talent in the high-tech fields of life sciences and technology - two of the region’s fastest growing industry sectors where the skilled talent deficit is particularly prevalent.

We recently hired a seasoned life sciences associate who had been out of the workforce for an extended period of time raising her family. She was ready to re-enter the workforce, but wanted a new challenge. Employ Up and its Business Solutions Representative introduced her to Pearl Pathways, knowing her career interests and capabilities intersected with our needs for a quality assurance team member. Employ Up’s Business Solutions Representatives are uniquely qualified to match talent with businesses thanks to their breadth of knowledge of job demands in Central Indiana, understanding of market-specific skills gaps, and a sense of what companies need to succeed in the local market.

In addition to identifying the ideal candidate with the skills to fit our needs, Employ Up helped develop and fund a 6-month internship program. They paid for the intern to work on-site alongside our employees. That’s right. Employ Up paid for an internship to ensure the employee-employer match would succeed and that she would join our team with the precise skills needed for the job. The internship was a great trial period for both the prospective employee and our company.

So how can you de-risk a hiring decision? You use the resources that are available to you and invest in a partnership with those who have the same goal as you do to grow employee potential, the local economy, and your business.

Diana Caldwell is President and CEO of Pearl Pathways.

  • Perspectives

    • ?Kerr has also previously held executive roles with Groupon, Angie’s List and GHX.

      Why Tech in The Midwest Attracts Capital

      Indianapolis is no longer simply a racing and manufacturing hub. The tech scene in Indy, and across the Midwest, has exploded over the past decade, with no sign of stopping. Last year alone, Indiana's tech industry contributed $14.1 billion to the economy. What's driving the growth and making Indianapolis stand out among coastal cities for venture capital investment, talent and more?

    More

Events



  • Most Popular Stories

    • Old National Bringing on KleinBank

      Evansville-based Old National Bancorp (Nasdaq: ONB) has agreed to acquire a Minnesota bank. The all-stock transaction for Klein Financial Inc. is currently valued at nearly $434 million. The deal, which has received the approval from the Old National and Klein boards of directors, is expected to close in the fourth quarter. Old National says the acquisition will boost its asset total to approximately $20 billion. KleinBank's total assets come in at $2 billion. It has...

    • Chavers Exiting IndyHub

      The longtime executive director of IndyHub is leaving the organization. Molly Chavers, the founding leader of the civic engagement organization for young professionals, says she plans to take time for family before determining what's next. IndyHub was launched in 2005 by the city of Indianapolis and BioCrossroads to help retain and attract talent. Chavers says...

    • (photo courtesy Grand Park Sports Campus)

      Construction Begins on Pro X Facility at Grand Park

      Officials in Westfield broke ground Wednesday on the $5 million Pro X Athlete Development facility at Grand Park Sports Campus.  Westfield, IN –Today, Mayor Andy Cook joined other city leaders and owners of Pro X Athlete Development to break ground on the latest business to make Grand Park its home. The $5 million Pro X facility is scheduled to open in early 2019.

    • Fishers To Buy Historic Home

      The Morris-Flanagan-Kincaid House in Fishers will have a new owner and location this summer. The city of Fishers will purchase the 1861-built brick farmhouse from Nickel Plate Arts and move it from the Navient campus along I-69 to a new spot on USA Parkway. 

    • Rural Indiana Facing 'Have/Have-not Situation'

      The CEO of Indianapolis-based Indiana Fiber Network calls the 16-year-old broadband internet provider "a great Hoosier success story." IFN, which was launched with a focus on high-speed connectivity for 20 rural telephone companies, now includes some 4,000 buildings throughout the state plugged-in through a network of more than 4,500 miles of fiber. Despite its growth, Jim Turner says there's still work to be done to bridge the broadband access gap in rural areas.