Today, one of the biggest concerns for CEO’s is to build an effective talent management program. The reason for talent management coming on top of the list of human resources priorities is that it helps organizations in accomplishing their objective by ensuring that they obtain the correct quality and quantity of employees. Talent management envelops the procedures of hiring, developing as well as governing the performance of the workforce. It also takes care of progression planning.
Organizations these days prefer recruiting candidates in the human resources department who hold popular HR certifications. Students who have been a part of the Global Fellow Program in Talent Management that is specially designed for distinguished senior HR professionals are incredibly high in demand by companies who have put talent management as their top priority and wish to do it the right way.
Many companies are not able to succeed in achieving the right impact of talent management. That happens because after sketching out a talent management plan for the company, the CEOs pass it down to the HR department and hardly take the efforts to get hooked on it.
Firstly, companies ignore to devote themselves to performance management which is required for future potential. As they stay in this delusion that if employees at present have the right skills, that’s all that they need to take the company to the later level. Secondly, many times an organization builds a talent management plan and implements it, however, they get so busy with the everyday functions of the company that nobody thinks of going back and checking the outcome.
Also, there are times when organizations are not able to win in coordinating their talent strategy with the goals of the enterprise. Furthermore, they make the mistake of assuming that their capable employees are occupied in doing their jobs when most likely they are not. So, for talent management to work properly, the strategy and planning need careful attention from not just the HR professionals but from all the concerned senior members of the enterprise. Furthermore, there needs to be an effective course of action for measuring its results.
Lately, there have been various studies on talent management which have given birth to look at it in an innovative way. The latest thinking on talent management is that it is not only about keeping a track of the present but also the future. So, first, it is essential to figure out that whether the employees working for you have enough skills to achieve company’s goals now and in the short run. And, if so, whether they are the right people for the organization in the long run as well. And, if not, what measures do you need to take to accomplish those goals.
A recent research also states that it is not sufficient to have talented individuals but to have talented teams in the company. And the able way to make that happen is to align the talent management strategy with the goals of the organization along with creating a talent identification process.
In order to do that, you need to check the talent that you require for the company’s objectives to be achieved and then compare it with the existing talent. Once you realize where the gaps are, you can begin to fill them with the appropriate training, promotion as well as hiring.
Finally, let’s just say that the adequate talent management plan is employee-focused that involves making the workforce a core part of the business and help them shape its leadership that leads to constructing an integrated sense of direction for attaining the company goals.