Talent Management today is one of the “Keys to the Future” for many organizations.
In view of workforce trends such as shifting demographics, global supply chains, the aging workforce and increasing global mobility, forward-looking organizations must rethink their approach to talent management to best harness talent.
Executives and HR management have always been focused on basic talent management—acquiring, hiring and retaining talented employees. But, to drive optimal levels of success, business leaders need engaged, high-performing employees. The key to inciting a workforce to greatness is to align your talent management with company strategy, define consistent leadership criteria across all functional areas, and identify specific competencies (analytical, technical, education, experience) to cultivate for continuing growth. By doing so, you will be positively positioned to succeed in a highly competitive marketplace.
Attracting and retaining great talent is becoming more difficult, as demand for highly skilled people outstrips supply.
It is expensive to buy talent and the war for talent is getting worse. It is therefore important to build your own talent pipeline.
What’s keeping today’s CEO awake?
-
Identifying potential leaders
-
Getting them into the pipeline
-
Getting leaders developed as quickly and effectively as possible
Objective of this intervention
An integrated approach to talent management offers a pathway toward sustaining outstanding business results.
Today more than ever, a strong emphasis on effective talent management can produce the right supply of quality talent and future leadership. It can also improve productivity, increase retention and link workforce plans to the organization’s strategic directions.
Furthermore:
-
The key enabler of an organization is talent
-
The quality of the employees is the last true competitive differentiator
-
Talent drives performance
Organizations are made up of people: people creating value through proven business processes, innovation, customer service, sales, and many other important activities. As an organization strives to meet its business goals, it must make sure that it has a continuous and integrated process for recruiting, training, managing, supporting, and compensating these people.