The Talent Management Process– Organizations are made up of people: people creating value through proven business processes, innovation, customer service, sales, and many other important activities. As an organization strives to meet its business goals, it must make sure that it has a continuous and integrated process for recruiting, training, managing, supporting, and compensating these people.
The various processes are:
- Workforce Planning – Integrated with the business plan , this process establishes workforce plans, hiring plans, compensation budgets, and hiring targets for the year.
- Recruiting – Through an integrated process of recruiting, assessment, evaluation, and hiring the business brings people into the organization.
- Onboarding – The organization must train and enable employees to become productive and integrated into the company more quickly.
- Performance Management – by using the business plan , the organization establishes processes to measure and manage employees. This is a complex process in itself.
- Training and Performance Support – of course this is a critically important function. Here we provide learning and development programs to all levels of the organization. This function itself is evolving into a continuous support function.
- Succession Planning – as the organization evolves and changes, there is a continuous need to move people into new positions. Succession planning, a very important function, enables managers and individuals to identify the right candidates for a position. This function also must be aligned with the business plan to understand and meet requirements for key positions 3-5 years out. While this is often a process reserved for managers and executives, it is more commonly applied across the organization.
- Compensation and Benefits – clearly this is an integral part of people management. Here organizations try to tie the compensation plan directly to performance management so that compensation, incentives, and benefits align with business goals and business execution.
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