Human Resource Managing Talent
Have you noticed lately, even in these
• leadership development
times of times of economic meltdowns and
high inflation that more people are leaving
Above all we must maintain profitable growth to
employment voluntarily? It’s like people are
stay ahead of the competition
sure of their Plan B and Plan C as far as
making a living is concerned.
I have been wondering about this trend a
whole lot and it drove us to research far and
wide. In our research we discovered that in the
business world, as far as top notch employees
are concerned, its not all about salary and
benefits any more.
TALENT is the big word that has set off HRM
functions in many companies. It is quickly becoming apparent that identifying, managing,
rewarding and talented staff is the only way to
survive. It is talent that sustains and keeps
fresh the innovative spirit within an organization.
Recruitment firms, having realized this have
gone a notch higher in head hunting for their
clients and they are as many as those who
they are hunting. Companies are therefore
employing every means possible to attract and
retain good people. In summation, one HR
manager put it across that creating an environment and culture that supports and encourages talent exploration is what makes their
company a career destination of choice.
•
Succession planning
•
Workforce planning
•
Compensation and
•
Diversity
Admittedly, competitive advantage has become
increasingly more difficult to achieve with consumers being more informed and selective and
globalization taking the face of an eliminator of
traditional competition barriers. It is with this
scope of information that the challenge of strategic talent management has become more complicated. The best companies are coming to the
realization that managing talent is the most important element of their business strategy and
they are taking action.
How to manage talent - effectively?
It just might be that talent is the last great hope
for competitive advantage and business development. The open and public secret about talent is
that it cannot be copied. That means if you manage the talent within your organization, competition will not have leverage over you. Unfortunately, mismanagement or non-management of
talent is fresh ground for an attack from your
competitors.
Recruit, manage and Reward talent
This needs to be developed and worked through
the company culture for the current and foreseeable future of the company.
In other words, see it, shape it, provide for it and
reap from it
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the competencies that
will lead us to achieving our business
goals. To this end, we need to link
position competencies and performance assessments directly to learning
initiatives. We must direct human
capital improvement projects to have
the most impact on our business.
Job enrichment
In order to stimulate innovation and
intrapreneurship, you need to involve
high potential people directly in the
(re)design of their own job functions.
Enrich the jobs of your team members by engaging and challenging
them to think about how everything
can be done in a better way-including
the design of their own work.
Talent Management System
This affects all business processes as
it is the meeting point of all internals
(HR, Finance, Marketing, Line management, etc) and externals
(customers, labor, government etc.
The challenge is to mould the talent in
your people into a competitive advantage.
Importance of Talent Management
If we say that people are the most
important asset in an organization,
why then would we not manage talent
with the same care and attention that
we would manage any other part of
the business? How can we expect a
reasonable return on the investments
we make in talent if we fail to manage
it to the same level as other parts of
the business?
Treat EVERYONE as a career employee
Why manage Talent?
Simple answer: We need to come to grips
with and take advantage of the continually
changing nature of employment relationships.
We must continuously improve business
[processes, while maintaining top level efficiency and effectiveness. Additionally, we must
maintain profitable growth to stay ahead of the
competition.
From the top of the career ladder to the lowest
rung; from entry level to retirement and in
every corner of the business, talent must be
well managed through:
Talent doesn’t just jump out to you. You need to
ensure that ALL staff in the organization know
that they are appreciated and treat them like you
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