Talent Management
The Value of Talent Management
Business Strategy
Talent Management is a business strategy and top issue on management agenda. While HR’s role is to design and promote it, it is up to business leaders to “ execute” this strategy.
What Business Leaders need to Consider
- What are the growth strategies that will drive the business?
- Who will we need to drive the strategies
- What competencies will we need to acquire, develop, retain?
- Who has these competencies?
- How can we make our human resource function and systems more effective and more efficient to support these growth initiatives?
Outperforming the Competition
Organisations who have implemented leading talent management practices have significantly outperformed others in the following areas:
- Return on assets
- Return on equity
- Net profit margin and EBIT
- 85% of investor valued worth is in the form of brands, relationships and employees (intangible assets)
- Value creation in people’s knowhow and passion to perform
- Imbalance of supply and demand for certain skills
- Remaining ahead of your competition
Change in uncertain times
Business leaders who implement best talent management practices are more prepared to compete in the economy
- Succession planning is a key imperative
- Need to secure top talent
- Changing workforce needs to be kept engaged
- Organisations flattens and expects more from people
Our Talent Management Services include
- Talent Management Strategy Development
- Talent Search Assignments
- Talent Reviews and Succession Planning
- Outsourced Performance Management Administration
- Creation and managing Individual Development Plans
"Talent Management requires as much focus as Financial Capital Management in corporations''
Jack Welch
