Many companies claim that employees are their greatest asset. But how does their treatment of their employees give truth to this claim? Has anyone asked the employees if they feel valued?
Talent management is about recognizing (potential) value, utilizing it optimally, keeping it engaged, and constantly growing it. That’s the challenge faced by Human Resources (HR) and Learning and Development (L&D) functions today.
|MindLeaders’ white paper “Companies with the Best Talent Win: How Learning & Development is Vital to Strategic Talent Management” examines the process of strategic talent management and highlights the role of an integrated L&D program in the successful implementation of a strategic talent management program.
While L&D becomes a core service for the program’s success, talent management software systems become tools that can enable smooth implementation and management of the talent management strategy.
This white paper presents some of the common challenges faced by strategic talent management programs, and gives the reader useful pointers on how to go about setting up an effective strategic talent management solution. In doing so, it highlights the need for HR and L&D to work together to effectively develop and manage a company’s employee base.
The need for an L&D program is further illustrated through an example of a new sales manager who finds it difficult to carry out performance reviews, with a description of how things could have been different if the company had had integrated talent management and appropriate L&D support.
Finally, the paper presents a list of factors to consider when selecting an L&D company to help in the implementation of a strategic talent management program.
So don’t get caught short! Ensure that you have the right people with the right knowledge, skills, and attitudes to meet current and future business needs. Strategic talent management is equally applicable now as it would be in a time of booming economies. Perhaps even more so, as companies can put slow times to good use by investing in developing organizational talent.