Talent management is not just a simple human resource key term one will come across. It is also committed to hire, manage, develop, and retain the most talented and excellent employees in the industry. In fact, talent management plays an important role in the business strategy since it manages one of the important assets of the company—its people. That is why companies should make the effort to effectively manage the employees to help them develop their skills and capabilities in order to retain them. Here are some reasons why companies should invest in talent management. Most people want to grow and develop. To be as effective as possible and able to take on bigger, more significant challenges. Organizations need people to develop as the nature of their role, and the organization, changes. Talent development is about creating pools of people ready a continuous process of building skill and capability at an individual and organizational level. It works best as a three-part harmony. First, the person needs to be ambitious and willing to do what’s required to grow and progress. People won’t grow if they don’t want to. Second, the organization has to have a process in place to help those who want to grow. People won’t grow if the organization shows no interest and offers no support. And third, those with responsibility for developing others have to be prepared to play an active part. People won’t grow if you don’t make it a priority. Without your time, interest, and effort, people won’t develop to their full potential. People need support. Get it right and you’ll develop a more effective, efficient, productive and motivated workforce.
The mediocre teacher tells.
The good teacher explains.
The superior teacher demonstrates.
The great teacher inspires.
William Arthur Ward – American writer
Primary Source of Content: FYI (For Your Improvement) by Kon Ferry
Link: https://www.kornferry.com/
