Talent management is gaining importance considering the challenges that globalization, technology, but also changing demographics and new generations of employees have brought to us. Strategic investments into talent attraction and especially retention initiatives are essential to source from a progressively shrinking talent pool, and to sustain competitive advantage. This requires the considerations of multiple aspects:
Determination of skills and talent composition that drives performance
Hiring and compensation practices that attract desired candidates
Identification of individuals who bring in the required talents
Offering relevant development and training opportunities
Creation of safe environment for continuous learning and knowledge sharing
Provision of high-quality mentoring and leadership to support employees
Performance and potential assessment for compensation and promotion decisions
Information management systems that facilitate talent management practices
If you would like to learn more about how talent management impacts your organizational performance, hit the contact button and let's talk about it!