BEST PRACTICES FOR DEVELOPING A TALENT STRATEGY
TALENT STRATEGIES
48 mechanisms will likely be replaced with outcome-based performance metrics and measured personal development . For example , rather than looking at time spent in the office , leaders can track the changing digital footprint of someone ’ s skill set evolving over time . Which means transparency is key . Business leaders should be clear about the new performance metrics and revised targets , so their team can anticipate their role in the COVID-19 recovery . Many employees are being asked to change direction ; don ’ t ask them to do it blindly .”
BEST PRACTICES FOR DEVELOPING A TALENT STRATEGY
When it comes to the best practices for developing a talent strategy , Pfauwadel explains that there are two key components for developing an effective talent strategy , “ the first pillar is developing a genuine workplace culture within the organisation , in developing a solid culture organisations can drive good recruitment and better engagement with employees . The second pillar is aligning the talent strategy with a clear businesses strategy .”
With this in mind , Pfauwadel details some of the key features required to implement an effective talent strategy :
• High quality onboarding process : which sets the theme for success and gives employees confidence in the company they have joined
• Structured two-year succession plans for employees : which helps to improve retention
• KPIs that measure retention : which allows companies to evaluate the effectiveness of their talent strategy
OCTOBER 2020