All members of an organization, from interns and juniors to CEOs and VPs need support and guidance throughout their careers. The benefits of efficient talent management include higher employee morale and wellness, tighter feedback loops, and higher productivity.
Many companies have some sort of talent management protocol in place, yours included. However, the question that remains is this: Will your talent management methods remain effective in 2019 and beyond?
This is an important question to consider as some game-changing trends will dominate in 2019. Taking advantage of these trends can mean the difference between an effective talent management system or a problematic one. With that said, let’s examine what the top talent management trends for 2019 entail.
Businesses invest plenty of money, time, and resources to improving their customer experience. But what about their employees? The employee experience differs from company to company but many organizations, both large and small, are falling behind.
For example, Forbes recently covered a list of companies on their employee experience “ranking”. United Airlines was deemed as a “failure” in employee experience after discontinuing their quarterly bonus payments to most of its employees. They replaced these payouts with a lottery-based prize system. The result, of course, was an internal backlash and negative press.
Contrarily, IBM redefined their employee experience with resources such as a “Netflix-like digital training and development program” for the betterment of employee performance. The results were positive both among employees and the press.
The lesson here is that if you want to succeed in talent management, you need to invest time, resources and effort into your employee experience. Many HR professionals deemed 2018 as the “Year of Employee Experience”. That means, in 2019, the demands for a great employee experience will at least remain the same or more than likely increase.
It should come as no surprise that HR is increasingly becoming digital, with more talent management solutions going virtual than ever before. Yet still, there is an abundance of enterprises that still rely on what will soon be archaic pen and paper methods.
While Sprigg doesn’t recommend the burning of paper archives, there are benefits to adopting a digitized HR system. Companies of various sizes are reaping the benefits of going paperless.
First and foremost, a digitalized HR system can offer a centralized platform where HR managers, C-level executives and employees themselves can review performances and goals. For example, upper management staff members could use a digital HR platform to offer continuous feedback to employees. Such a tight feedback loop would improve employee performance fast, especially when provided with deliberate practice methods.
A digital HR system can also be used for tasks related to onboarding and collaboration. In terms of how a digital HR system can work, your organization could use a variety of methods including cloud computing, mobile apps, chatbots and comprehensive software platforms.
Our Sprigg HR software allows you to streamline your talent management into a single dashboard. That allows you to review employee performance, goal setting and workers compensation in one spot.
Mentorship is a somewhat sensitive subject these days. Employees may see article titles along the lines of “don’t ask for mentorship”, and employers are often unsure of what to do when an employee asks for it.
Nevertheless, there are virtues that come with employer-employee mentorship. In fact, there’s a subtle revitalization of this age-old practice and for good reason. According to one study, among Millennials who intend to stay with their current company for the next five years, 68% of them have a mentor (versus those who don’t).
It’s common for many hiring managers to want employees who are able to consistently “hit the ground running” but this is unrealistic. Employees at all levels of an organization will need training advice, encouragement and times, a listening ear when facing challenges.
If you want to double your staff or decrease turnover, consider allowing your employees to work from home, on a beach or at the Starbucks closest to them. If you think remote-friendly workspaces are reserved for glamorous Silicon Valley startups or veteran freelancers, think again. Remote “OK” workspaces are increasing in popularity.
In fact, between 2005-2015, there was a 115% increase in telecommuting, and the rise in remote positions will only continue. The list of companies who offer remote job positions includes the likes of Amazon, General Electric, and IBM. But the reason to hop on this trend isn’t just because of its popularity – there are logistical, financial and health benefits for doing so.
Keep in mind that remote work isn’t perfect and can be a challenge for extroverted workers who thrive on physical collaboration. Nevertheless, offering remote positions to your current and prospective staff can allow them to tap into a work style, work environment and workflow that allows them to perform at their best.
Skills gaps are unfortunately on the rise. Technology has rendered the skills needed for certain industries irrelevant because many tasks can now be automated.
Although technology is eliminating jobs, the emergence of new technology requires workers to learn skills at a rapid pace and is opening up new positions as well. Of course, schools and training programs can only keep up so much. That’s why there will be a perpetual skills gap that will affect both management staff and new employees.
As was mentioned earlier, a “hit-the-ground-running” culture isn’t realistic if you want to succeed in your talent management efforts. You have to invest in your employees for the long run. WorkingNation Contributing writer, Ramona Schindelheim, noted that many Fortune 500 companies and large-scale enterprises are investing more time in training their employees.
“It’s very clear that a “one-size-fits-all approach” falls short of closing the jobs skills gap,” Schindelheim said. When asked whether closing the skills gap was a priority for companies, she answered, “No question…We are not producing enough engineers, scientists, computer programmers, or digitally-trained young workers. If a company doesn’t have the workforce, it can fall behind in its own evolution.”
Training for a skills gap is not only a trend to look out for in 2019, but an ongoing component for talent management throughout an enterprises’ entire existence.
The phrase “there’s an app for that” exists for a good reason. Businesses of all sizes and industries rely on mobile apps to extend their services to smartphone and tablet users, as well as for marketing and branding purposes. Of course, there has been a surge of apps meant to help companies with talent management as well.
If your company has the resources to build a talent management app, then it can be customized for the needs of your staff and business operations. However, you can rely on external mobile apps to assist you with your talent management solutions.
The best mobile apps for talent management will facilitate goal setting, performance reporting and matters involving compensation. The advantage of being able to track these components on a mobile app is convenience, giving managers and employers the ability to see KPIs in the palm of their hand. This is vital since society, in general, is spending more time on mobile devices than on desktops and laptops.
Employee loyalty continues to decline. A major reason for declining employee loyalty comes from a lack of engagement, which often relates to poor talent management (namely, a negative employee experience). For businesses to retain their staff and reduce turnover, it’s important that employees feel nurtured along their career journey.
For this to happen, employers must nurture their employees. Advancing technology is driving many employee demands and workers have a growing desire to build a relationship with their managers.
Adopting these talent management trends in 2019 and beyond will boost employee morale and employee wellness. Streamlining your talent management processes and providing ongoing training will also sharpen your employees’ skills, making them more efficient in delivering business ROI.
Talent management is certainly challenging in the 21st century. The cost to fund training programs and provide essential resources for your employees is increasing. Additionally, the stresses of the workplace and the rapid advancement of technology challenges employees to learn new skills and adapt to their changing industries.
Nevertheless, the right talent management solutions will help you retain a happy and productive workforce. Do your utmost to help your employees set and reach new benchmarks, and provide them with ongoing support to help them reach these goals.
With software such as Sprigg HR, you can streamline the talent management process so that you can nurture your staff in a cost-effective and timely manner. Interested in trying it for yourself? Why not request a free demo today!