Talent Management In The Workplace. Priority Or Posteriority ?
The best teams of employees are made up of quality people who can perform at the highest level and this is why companies are placing more focus on talent management than ever.
Managing talent, at least in the corporate sense, is a corporation’s commitment to take the time and the effort to recruit, develop and retain the most talented professionals that are currently in the market for a job. As a business strategy that is integrated in every single human resource related activity, talent and performance management play a vital role in an organization’s success.
Here is what you need to know about the best practices in employee development and managing talent.
How is the Human Resources Department Becoming a Strategic Partner in the Workplace?
Decades ago, the role of HR was clearly defined. Professionals would perform certain duties and functions related to recruiting employees and training them. Now, the role of HR has become much more strategic. In addition to all of the traditional administrative functions, the department has been invited to help make major decisions that can move the corporation in a new direction. This is why it is common for an HR manager to sit on the board. In addition to leadership practices, organizations rely on HR managers to be talent managers who can develop performance appraisals so that they can be used for salary decisions and retention decisions.
What is the End Goal for Talent Managers?
As a business strategy, it is important that you develop best practices so that your organization is able to retain your employees that are performing. At the end of the day, the main purpose of having an HR/talent manager is to have a superior workforce that cannot be broken up by competitors because employees love the company culture and your company’s focus on their advancement. With quality managing and employee development, you will see a difference in recruiting, developing and overall company performance.
What are the Best Practices in Talent Management?
It is best for strategists in the HR department and at an executive level to use the company’s mission and vision when developing a management system. By doing this, the professional in charge of managing employee development will be better able to fit within the company. Some of the best practices and work processes that work best in this area of operations includes:
- Develop job descriptions that clearly define what skills and abilities an employee must have to hold a specific title
- Provide new-hire training and ongoing training that reflect the employee’s needs
- Provide mentoring and regular feedback to help with employee performance
- Measure outcomes with a detailed performance planning system
- Standardize the talent review process by setting time frames and processes
- Make sure that there is consistency with all activities
High performing companies generally have a management system in place where they measure performance and then identify areas where the employee can develop their skills. If you are an HR specialist and you want to eventually strive to work as a manager, understanding how these strategic processes can benefit an organization can help you market yourself before you land a job. Keep up with the latest talent management practices and prepare to become a strategic partner.
To make talent management a priority, HR expert, Susan M. Heathfield rightly recommends to "Think of talent management as a business strategy that will help you retain exceptional employees. For effective talent management, every aspect of recruiting, hiring and developing employees is affected positively. The goal of talent management is a superior workforce."
Contributors:
| Themedy of Masters in Human Resources Degrees
| Susan M. Heathfield
