Hallmarks of Future-Focused Talent Management– Indicators that demonstrate a talent management program is well-positioned to help an organization achieve long-term financial and nonfinancial success:
- A fully integrated approach. An organization must integrate all segments of the talent management life cycle – recruitment, development, retention and transition – in advance of any need. Such integration makes it easier for an organization to hire, develop, engage and retain top talent – activities that drive competitive advantage and bottom-line results. The organization also needs to establish clear goals for talent management that directly align with the organization‘s business mission and strategy.
- Continuous monitoring of workforce demographics, costs and issues. To improve return on investment in talent management, an organization needs to fully understand its workforce demographics, costs, needs, wants and issues while continuously analyzing future business needs and objectives. Such analyses can help identify gaps in talent needed for critical positions and determine the types and number of people needed in the workforce, when they are needed and the issues most relevant to your current employee population.
- Clearly defined roles and competencies. Organizations that routinely achieve or exceed their business objectives tend to have well-defined roles and competencies that align to the organization‘s business objectives, drive performance improvement and support individual productivity. Role and competency design must be a highly collaborative process that involves gathering incumbent input, performance metrics, best practices and validation.
- A process for effective recruitment and on boarding. Organizations that hire the right people have a sourcing, screening and selection process that identifies candidates with the right knowledge, skills, and experiences and cultural fit to perform effectively in the specific position requirements. An on boarding process that quickly immerses new hires into the organization‘s culture and performance expectations as well as reduces the amount of time required to achieve full proficiency is crucial to the success of these programs.
