If you are unfortunately at the risk of losing the talented workforce of yours then it is the best time to think about talent management before it is too late. It is good to look for inspiration to change your company to be better because all of us know that organizations, firms and companies will be quickly facing a war of talent.
Because we enhance and revamp positions, eventually the qualified candidate number will begin to fall short of the minimum job requirements of yours. Talent management is necessary because in addition to such situation, the economy stress as well as the tightening costs will make the talent war may look grim.
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There are some figures about our talent that requires talent management. According to the survey in 2010 by Via Deloitte, a third of all workers plan to seek for job in the turn-around of economy. The engagement strategies coordinate workers to the company’s vision.
The strategy of engagement can shift the success or to be more precise, the ownership of success, as well as to the workers. For an instance, Intel Company has shifted their social media and blog responsibility to workers. Creating an environment inspiring workers to unleash both the lead and talents are important to increase worker engagement. For that reason, talent management is necessary. As workers are learning and heightening their experience in career then there will be increases on job satisfaction.
Talent management can actually fulfill the basic need of employees as individual that are thirsty to learn but frequently overlooked. Such management will help in creating both new and exciting positions, providing challenging work, targeting your mid management, and creating daily learning culture. The fact shows that recruitment cost is quite high while recruiting new talent is more difficult today. For that reason, to recognize in which such situation can go worse, the talent management as part of retention strategy is the key solution for such situation.
In the future, the workforce through core competencies will have different face. It will not be like in the past, we tend to require workforce that is more intuitive, analytical educated and decision-oriented. Talent management for workers is needed because it acts like a way to identify the core competencies of your team in the future and it is part of great retention strategy.
Talent management can now be seen as a way for employees to develop their advancement opportunities or career paths such as succession planning. In the future, it will be harder to fill the key strategic position so that it will fuel the talent war.
It is good to reevaluate the reimbursement of tuition and make it accessible for workers. However, implementing well talent management can recognize your company’s true high performers so that you can give the right benefits to the right employees and allocating the best to work on particular project according to their strengths. In other words, talent management allows you to make the best decision when allowing the right people to run a wellness project.