Fully Integrated Talent Management Systems are Critical to a Company’s Success
Developing Talent is an organization’s commitment to recruit, hire, retain, and develop the most talented and superior employees available in the job market.
Talent Management is a business strategy and system that should be fully integrated in to all of your employee related processes. Attracting and retaining talented employees in a Talent Management system is the job of every member of the organization, and especially managers who have reporting staff (talent).
What Processes Are Part of a Talent Management System?
You should include the following Talent Management processes in to your overall business strategy:
- Recruitment planning meetings
- Job description development
- Job post writing and recruiting locations for the posting
- Application reviews
- Phone and online pre-screening and interviews
- In-house interviews involving multiple interviewers and meetings
- Credential review and background checks
- Making the job offer to the selected person
- Agreeing on the amount of the offer
- Employee starting day and on boarding
- New employee welcome information and introductions
- On-the-job training
- Goal setting and feedback
- Coaching and relationship building by the manager
- Formal feedback systems such as performance management or an appraisal process
- Ongoing employee development
- Career planning and coaching
- Promotions, lateral moves, transfers
- Employment termination by choice or cause by the employer
Human Resources (HR) has the lead in some of the activities you see on this list, especially in recruiting, selecting new employees and employment termination. And HR can also be deeply involved in career planning and on-going support of employee’s. But the day-to-day interactions that ensure employee’s success comes from the employee’s manager or leader.
Managers, therefore, must be skilled at developing and coaching employees to success.
All employee’s long term development comes from ongoing day-to-day interactions with their manager. And overall recognition of the employee’s work and ongoing retention of the employee ultimately falls on their manager as well.
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Having a robust Talent Management system is critical for businesses to evolve and grow.
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