Talent Management refers to the required human capital for any organisation and the planning to meet those needs. Everything done to recruit, retain, develop, reward and make people perform is a part of Talent Management. The field increased enormously in popularity after McKinsey’s research.
Talent Management as a strategy needs to be used in the Business and be implemented in daily processes throughout the company as a whole. It must include responsibilities for line managers to develop the skills of their immediate subordinates. The issue with many companies today is that their organisations put tremendous effort into attracting employees to their company, but spend little time into retaining and developing talent.
Finding good and talented people is already a challenge nowadays. Making sure that people stay working for you, has become an even bigger challenge. If someone has so much talent and they are good at what they do, they will go out and look for better opportunities.
Put you money where your mouth is
Only 5% of organisations say that they have a clear talent management strategy and operational programs in place today (Talent Management, State of the industry, 2016). An incredibly low percentage!
According to Einstein, we need an out of the box approach when we look at people and their aptitudes. ‘If you judge a fish by its ability to climb a tree, it will believe its whole life that it’s stupid‘ Leaders in organisations need to take the time to take a look at their staff from a different perspective. What is the combination of talents this employee possesses and how will we support its development in the future? What tools do we as an organisation already have or will we acquire to make this happen?
Subsequently, they will need to implement true people focussed management throughout the organisation. In all the daily processes, performance cycles, training and development programs and leadership programs the organisation has. People have enormous potential and even slightly tapping into it will prove rewarding.
Read more about the Influencers and Thought Leaders of Inspirational Leadership, Team Performance and Talent Development from Brainport.