Talent management helps companies achieve results, encourage employees’ development, add value to your brand, and develop a team with a diverse range of skills. Find out more now.
What is talent management? Most simply put, talent management is your commitment to recruit, hire, develop, and retain the best and most skilled employees. As it becomes harder to attract and retain talented employees, providing opportunities for professional growth and development is crucial to your company’s success.
An effective talent management strategy not only gives you an edge over competitors, it also helps you boost productivity and cut costs. A high staff turnover rate negatively impacts team morale and is expensive.
Develop an effective talent management system
An effective talent management system includes a mixture of blended learning, on the job training, formal or e-learning courses, and external workshops/events. Employees should also have an opportunity to develop soft skills like teamwork, communication, change management, emotional intelligence, and resolving issues or overcoming challenges. It’s also important to ensure talent management goals align with the company and employees’ goals.
Avoid ineffective talent management processes with talent management tools
A talent management strategy without the proper tools will struggle to succeed. Without one source of data, it’s difficult to determine progress and information may be inconsistent or simply not exist, making oversights unpreventable. If employees aren’t recognised for their efforts, they’ll become unhappy and find a new opportunity elsewhere.
Automated, cloud-based talent management tools from Sage ensures your company avoid such situations. We’ll help you spot talent early on and create a positive company culture that engages, motivates, and encourages your people to stay.