Talent management isn’t just another human resource buzzword to throw around loosely. It actually plays a vital role in a business’ strategy and the growth of a company. By ensuring that you have factored the management of talent into your company objectives and strategy, it gives you the ability to stay prepared for managing the most important piece of your business: your employees. Without committing yourself to managing the talent that makes your company successful, you will be setting yourself up for failure. These individuals are the clogs that keep your business running and in order to ensure that performance stays at a rising pace, you need to effectively lead and manage them. When handled successfully, it will flow from your company’s vision, value and goals enabling employees to see where they fit into the organization.
A talent management system should attract and retain top talent while also increasing employee motivation, employee performance and business performance. In order to ensure that you have everything you need to successfully manage your company’s employees, it is important that you keep in mind the following core processes.
Onboarding of talent doesn’t just refer to the hiring process. Rather, it refers to everything from first impressions to ensuring that a new employee settles well in the company from the beginning. If you want to attract and retain good talent, then this core process needs to be perfected. Consider sending the new employee a welcome package providing them with information regarding their first day, the tools that they will be using and the members of their team. Invite them in for an orientation day prior to their first day of work. This will give them the opportunity to familiarize themselves with the office and to meet other employees.
Providing in-house training is essential for talent management. While this is an important step in the onboarding process of a new employee, training should be carried out regularly. New skills, technologies and processes are adopted by companies all the time. To ensure that your talent is gaining the skills and knowledge that they need to do both their job well and provide as much value to the success of the business, it is important that you commit time to ensure they are trained to the best of their ability. By doing this, you will not only ensure that your company will continue to perform well but you will help employees improve their skills and reach their goals.
Employees that feel they are being supported in their roles by both management and HR professionals have been proven to show increased levels of motivation and increased feelings of importance in a company. Implementing quality goal setting and employee feedback as part of a talent management system will make sure that your employees stay clear on their objectives within their role but will also support them in furthering their career opportunities. Setting goals will allow your talent to stay focused and increase their productivity levels. By providing feedback on an employee’s performance towards these goals in a real-time manner will ensure that they stay on track and will help them become the best employee they can be.
Finally, the last core processes which you must keep in mind when implementing a strategy for managing talent is how you facilitate ongoing development. Employees want to ensure that they will be able to grow and continue developing in a new position. If you have a system in place that will allow this then you can be sure that the top talent you attract will want to stay in your business.
Company growth requires an effective talent management system. Without it, you can guarantee that talent retention will be hard to achieve. The good news is that there are simple solutions available to help you make sure that you are managing your employees in the best way possible. Sprigg’s simple-to-use online performance management software includes all your employee organizational and management needs.
If you are interested in learning more about how our software can help your company to grow, get in touch with us today and request a free demo!