Talent Management is an organisation’s commitment to recruit, retain and develop the most talented and superior employees available in job market. Under talent management there are a string of elements that need to work to ensure the success of the organization. For example, by identifying the right talent, talent gap for the present and future, identifying the right talent pool and best candidate, getting them to join and retain them.
Talent Management Process
The following steps tells what you need to do to develop a talent management process for your organization.
1.What skill you need: The very first step is to identify your requirement and hires you need. Also possible to teach existing employees to avoid the need to hire new one, which can reduce time and cost.
2.Attract the right people: Finding the right person at job is very important. There are several ways to attract talent.a) Create targeted advertisments and posy them on top job sites. b) Plan interviews and other means to identify the best job fit.
3. Onboard and Organize work: Let new employees feel oriented by being ready for them. Know what tasks you will set them, have training sessions and assign current employees to support new workers to settle in.
4. Learning and Development: It is often easier to develop the skills of your current employees than to hire new. And if hire a new one plan ways for workers to learn and grow.
5. Hold Performance Appraisal: Very important to check an employees performance regularily as it allows you to see if workers could manage the current work or additional responsibilities could be given.
6. Retain your best talent: Keeping employees satisfied is very necessary, you can do it through promotions, ensuring job satisfaction etc.
7. Plan for Successions: Nurture employees for successions, such as for when a senior member retires, enable employees to perform their best through continuous learning opportunities. Incase, an employee leaves organization conduct exit interview and find what went wrong and ensure that the same will not get repeated.
Conclusion:
Leaders have a very important role in recruiting and developing talent within the business. A targeted Talent Management Strategy can help to nurture talent internally and attract talent externally.