What is Talent Management?
Talent management seeks to attract, identify, develop, engage, retain and deploy individuals who are considered particularly valuable to an organisation.
Talent management is a business strategy that organisations hope will enable them to retain their top talented employees.
By managing talent strategically, organisations can build a high performance workplace and encourage a learning & development culture. When you tell a prospective employee that you are dedicated to a talent management strategy that will ensure that he or she will have the opportunity to develop professionally, you attract the best talent.
Your Talent Management System should includes the following?
You can include the following systems when you approach talent management as your overall business strategy to recruit and retain talented employees.
- New employee welcome information and introductions
- On-the-job training
- Goal setting and feedback
- Coaching and relationship building by the manager
- Formal feedback systems such as performance management
- Ongoing employee development
- Career planning and pathing
- Promotions, lateral moves, transfers
As stated, the majority of these work systems are squarely in the hands of the employee’s manager. HR can provide support, training, and backup but the day-to-day interactions, that ensure the new employee’s success come from the manager.
An effective strategy also involves the sharing of information about talented employees and their potential career paths across the organization. This enables various departments to identify available talent when opportunities are made or arise.
Developing and coaching the employee come from his or her active, daily interaction with the manager.
An organization that does ?this kind of effective succession planning makes sure that the best talent you have is trained and ready to assume the next position in their career path. Succession planning benefits the employees and it benefits the organization. Managers across the organization are in touch with the employees you are grooming for their next big role.