How do you attract, identify, develop, engage, retain and deploy the very best people in your organisation?
Talent is… individuals who can make a significant difference to organisational performance. This may either be through their immediate contribution or, in the longer-term, by reaching their highest levels of potential.
Talent Management is… the systematic attraction, identification, development, engagement, retention and deployment of those individuals who are of particular value to an organisation. This may be through their high potential or because they fulfil critical roles.
Creating a talent management strategy starts with resource planning, a process of analysing the current workforce and capability to determine future workforce needs. It looks at the workforce supply and demand, current demographics, predictions for skill shortages or surpluses, the labour market and workplace trends. The resource plan will help focus and prioritise talent management activities such as:
- Recruitment (talent acquisition)
- Building talent ‘pools’
- Succession planning
- Leadership development
- Performance management
- Employee engagement
- Employee retention
Don’t forget, it’s important to analyse the return on investment – evaluating the results of the talent management process in terms of business outputs, succession pools, staff turnover and productivity, compared with its costs.
If you’d like to explore how a Talent Management Strategy can help you attract, identify, develop, engage, retain and deploy the very best people in your organisation, then get in touch.
What People Want To Know
Why is performance management important?
Employees need to understand what’s expected of them, and to achieve those goals they must be motivated, have the necessary skills, resources and support, and be accountable. Performance management aims to monitor, maintain and improve employee performance in line with an organisation’s objectives.
What is succession planning?
Succession planning is the process of identifying and developing individuals to fill business-critical roles as and when there is a requirement to fill them (e.g. someone leaves or due to growth).
What is talent management?
Talent management is the systematic attraction, identification, development, engagement, retention and deployment of those individuals who are of particular value to an organisation. This may be through their high potential or because they fulfil critical roles.
Why is this important?
Performance management, succession planning and talent management are all important to ensure there is a proactive approach to getting the best out of your people and achieving sustainably high results.
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