For a lot of organisations, an early talent program is a strategic initiative that is key to their future workforce.
Whether an organisation is establishing an inaugural early talent program, or reimagining an already established one, the question is – how do I then get program approval?
1. Your Purpose
Your mission statement that underpins why you have an early talent program, and how it ties into the future success of your organisation. This will be the foundation of your program and your WHY.
2. Your Strategy to Execute
Building a strong strategy is essential to giving your program a clear and focused direction. Your strategy should encompass all key areas — Attraction, Recruitment, Assessment, and Development — ensuring each phase is thoughtfully planned and aligned to create a seamless and impactful experience.
3. Stakeholder Buy-in
To get the business fully on board, it’s essential to clearly highlight what’s in it for them. Whether it’s pinpointing a future skills gap or showcasing the commercial benefits, understanding and communicating this need is crucial. Engaging with business stakeholders and taking them on a journey that demonstrates the value of early talent will be the key to securing their buy-in and building momentum for success.
4. Budget
The business needs to understand what the cost will be for them and presenting this as a Cost Per Hire will ensure you’re able to articulate this clearly and accurately, with capability to scale up or down as needed. Your budget will be formed by identifying your cost across your Attraction, Recruitment, Assessment & Development. In addition to this, the salary will finalise how much each graduate or intern will cost.
5. Return on Investment (ROI)
To ensure your program is returning value, it’s critical to be measuring on key performance indicators. These indicators should be across your strategy and measuring in isolation, and across the industry and competitors. By analysing across external stakeholders, you’re able to ensure your program remains competitive and impactful.
Want to find out how you can be building a successful program? Reach out to Fusion’s team of experts today.
