What is Talent Management?
Talent Management aims to ensure the long term success and profitability of your organization by:
- Developing a high performance culture that will attract and retain the most talented employees.
- Aligning goals so that everybody understands where the organization is going and how they individually will help to get there.
- Planning for succession to ensure that the organization is not vulnerable to the loss of key staff..
The Talent Pipeline
Establishing a Talent Pipeline
A central theme of the book, 'The Leadership Pipeline' by Charan, Drotter and Noel, is that large organizations are now so complex that attempting to fill a top level executive position by parachuting in an outsider can be a high risk strategy. External recruits often struggle to understand the inter-relationships between the business functions and technologies. Establishing a healthy talent pipeline is becoming as important as establishing a strategy and a vision for an organization.
Identifying High Potential Employees
The leadership pipeline also makes the point that managers will have to learn new sets of skills and to discard their old ways of working as they assume wider management responsibilities. Just because somebody is very good at their current job does not mean that they should be promoted to a more demanding leadership role. Many companies now use behavioural models to try to assess which of their staff displays the most potential for coping at the next leadership level.
Rolling Out a Talent Program
Communication and Presentation
You need to explain to your employees why your talent management scheme is being introduced and how it will work. Good communications can enthuse your employees whereas poor presentation will hamper the adoption of even the best thought out scheme.
Exploiting the Internet
The internet is an ideal technology for rolling out a new scheme to a distributed population. Remember that the web application will be the ‘face’ of your scheme to your employees and needs to be professionally presented and easy to use.
TalentLAB fits the Bill
ResourcingNET will advise you on the best way of rolling out your talent management scheme to your employees. TalentLAB has a highly professional and intuitive user interface which will increase the user’s confidence in, and respect for your talent management program.