Talent management, when handled strategically, flows from the organization'smission,vision,values, and goals. This enables every employee to see where he or she fits within the organization. This, in tu, enables employees to participate in the overall direction of the company. From a strategic perspective, an effective talent management system helps crucial employees feel as if they are part of something bigger than their current job.
Talent management includes the following activities and work processes.
- Develop clearjob descriptionsso you know the skills, abilities, and experience needed from a newemployee.
- Select appropriate employees who have superior potential and fit your organization'sculture, with an appropriate selection process.
- Negotiate requirements and accomplishment-based performance standards, outcomes, and measures within a performance development plaing system.
- Provide effective employee onboarding and ongoing training and development opportunities that reflect both the employee's and the organization's needs.
- Provide on-going coaching,mentoring, and feedback so the employee feels valued and important.
- Conductquarterly performance developmentplaing discussions that focus on the employee's interests for career development.
- Design effective compensation andrecognition systemsthat reward people for their contributions. Even if all of the rest of your employment processes are employee-oriented, people still work for money.Employers of choiceaim to pay above market for talented employees.
- Providepromotional andcareer development opportunitiesfor employees within a system that includescareer paths,succession plaing, andon-the-job trainingopportunities.
- Holdexit interviewsto understand why a valued employee decided to leave the organization. If the reasons provide information about company systems that you can improve, make the changes that will better retain talented employees.
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