Talent Management

Talent Management

Talent Management Jonathan Poland

Talent management is the process of identifying, developing, and retaining highly skilled and capable employees within an organization. It involves a range of activities, including:

  1. Identifying talent: This involves identifying individuals within the organization who have the skills and potential to take on leadership roles or make significant contributions to the company.
  2. Developing talent: Once individuals have been identified as having potential, it is important to provide them with opportunities for growth and development, such as training and education programs.
  3. Retaining talent: It is essential to retain top talent within the organization in order to maintain a competitive advantage. This can be achieved through competitive salary and benefits packages, as well as a positive work environment.
  4. Succession planning: Talent management also includes planning for the future leadership of the organization by identifying and grooming potential successors for key roles.

Talent management is crucial for any organization as it helps to ensure that the company has the necessary skills and talent to achieve its goals. It is important to regularly assess the talent within the organization and provide opportunities for growth and development in order to retain top talent and prepare for the future. By implementing effective talent management practices, companies can improve their overall performance and achieve long-term success.

Strategy

Planning strategy for recruiting, retaining, managing and developing talent.

Sourcing

Developing relationships with sources of talent such as universities.

Employer Branding

The process of establishing a valuable image for an employer in the market.

Recruiting

Recruiting is the end-to-end process of discovering talent and hiring them.

Onboarding

Giving new employees everything they need to do their job from the first day. This often includes efforts to introduce your organizational culture such as a orientation session.

Career Planning

Working with talent to identify and support their goals for their career.

Skills Inventory

Identifying the skills required by an organization and the current coverage and depth of those skills.

Succession Planning

Identifying critical roles and preparing individuals to step into those roles when required.

Training & Development

Providing opportunities for training and development to support career development and address gaps in your skills as an organization.

Benefits

Design, administration and communication of employee benefits.

Technology

Sponsoring systems and tools to improve the efficiency of talent management processes.

Policy & Procedure

Establishing, monitoring and controlling working rules and procedures.

Compliance

Compliance to laws, regulations, standards and internal guidelines. This involves training, communication, internal controls, monitoring, issue management and reporting.

Employee Relations

Managing relationships with employees including internal communications.

Working Conditions

Designing policy and procedure to ensure attractive working conditions. For example, policies related to work-life balance such as flextime.

Organizational Culture

Working to shape positive and productive norms, expectations and shared meaning. Organizational culture evolves over your history and isn’t directly controlled.

Organizational Structure

Designing the structure of an organization to support organizational objectives.

Employee Satisfaction

Measuring employee satisfaction and working with employees to improve things that are causing dissatisfaction.

Internal Branding

Building your brand from the inside out to develop a brand identity that is authentic.

Goal Setting

The process of agreeing to goals that deliver an organization’s strategy.

Performance Management

Agreeing to performance objectives and monitoring performance. Regular feedback is provided with rewards and recognition for high performance and management of performance issues.

Redeployment

The process of transferring employees to different roles, possibly to an associated entity such as a subsidiary.

Exit

The process of handling terminations and resignations.

Retirement

The process of transitioning employees into retirement and managing retirement benefits and relationships with retirees. Retirees are typically viewed as affiliated with your organization whereas former employees who have exited are no longer affiliated.

Learn More…

Innovation 101 Jonathan Poland

Innovation 101

Innovation is the process of creating new ideas, products, or processes that…

What is a Market? Jonathan Poland

What is a Market?

A market is a place or platform where buyers and sellers come…

What is a Capitalist? Jonathan Poland

What is a Capitalist?

A capitalist is an individual who supports or practices capitalism, which is…

Magical Thinking Jonathan Poland

Magical Thinking

Introduction to Magical Thinking Magical thinking is a type of irrational belief…

Total Addressable Market Jonathan Poland

Total Addressable Market

A total addressable market (TAM) is the total potential revenue that a…

Business Experience Jonathan Poland

Business Experience

Business experience refers to any work experience, including paid employment, freelance work,…

Economic Change Jonathan Poland

Economic Change

Economic change refers to shifts in economic conditions, such as changes in…

Workplace Issues Jonathan Poland

Workplace Issues

Workplace issues can negatively impact employee satisfaction and organizational performance. These issues…

Feasibility Analysis Jonathan Poland

Feasibility Analysis

Feasibility analysis is the process of evaluating the potential of a proposed…

Jonathan Poland © 2023

Search the Database

Over 1,000 posts on topics ranging from strategy to operations, innovation to finance, technology to risk and much more…

Product Quality Jonathan Poland

Product Quality

Product quality refers to the inherent characteristics of a product that determine…

Information Security Jonathan Poland

Information Security

Information security is the practice of protecting information from unauthorized access, use,…

Value Proposition Jonathan Poland

Value Proposition

A value proposition is a statement that explains the unique value that…

Performance Goals Jonathan Poland

Performance Goals

Performance goals are targets or objectives that are set for an employee’s…

Nudge Theory Jonathan Poland

Nudge Theory

Nudge theory is the idea that subtle suggestions, choices, and positive reinforcement…

What is Reliability? Jonathan Poland

What is Reliability?

Reliability is a measure of the ability of a product or service…

Market Position Jonathan Poland

Market Position

The market position of a brand, product, or service refers to its…

Cell Production Jonathan Poland

Cell Production

Cell production is a manufacturing approach that involves organizing work into small,…

Executive Hiring Jonathan Poland

Executive Hiring

Hire 1 to hire 10. Never hire individual team members, always focus…