Talent Management is Your Next Big Business Strategy

Talent management is a business’ pledge to hire and retain only the most talented, skilled individuals on the market. While performance-based strategies usually fall to the human resources department, talent management strategy requires leaders in the company to take an integral role in shaping their employees into the great businessmen and businesswomen of tomorrow.

It starts with developing a recruitment strategy. While many companies usually wait for potential employees to come to them, great businesses actively seek out new recruits. They see the value in giving potential employees the confidence that comes from being sought out by you and your recruitment team. Once they’ve found these “diamonds in the rough,” businesses must be willing to set up multiple interview occasions.

These interview occasions should start with a one-on-one with the supervisor who will be working closest with them. If the chemistry and skillset is present, your recruit should then move on to a team interview. These are the people that they will be working with everyday, so there should absolutely be input from this sector. Hiring a talented recruit who won’t fit in well with their team will be more trouble than it’s worth, especially if collaboration is a major factor of your business model.

The final steps in talent management are an ongoing and process. The direct supervisor should work with the team to train the new hire, taking an active part in the training activity. Supervisors should also make a commitment to working with the employee to set attainable, but challenging, goals and celebrating them as they are accomplished. The goal setting and celebration of accomplishments is an excellent strategy to ensure that your new talent feels both validated and challenged to grow in their new workplace.

Catalyst Group ECR knows that in order to be productive while using the talent management business strategy, managers and supervisors must be trained in excellent leadership skills. Without the basics in leadership and management, you’ll find yourself overwhelmed by the process, but training with Catalyst Group ECR can help. Get started by contacting us and starting your journey towards adopting the talent management strategy in your business.