Let's Get Real.
Say the phrase talent management, and pictures of Hollywood talent agents come to mind. Nothing could be further from the truth about executive level professional talent management. Talent mangers are specifically tasked with building an exceedingly qualified team to represent companies by delivering on the tasks presented them. There are several components to developing a successful business team, and comprehensive talent management will be adept at each category. Some of the more prioritized categories include workforce planning, recruiting, on boarding, and strategic goal alignment and planning.
Workforce planning involves the directed, targeted forecasting of the available resources, their skill set, experience or any other relevant information about how they can beneficially impact the team. Their acceptance to the team will be punctuated by their ability to achieve the strategic goals and demands of the company or task. A large part of this ability will be judged on past performance, so experience is important also.
Recruiting involves effectively enticing and hiring the appropriate talent for the present and with an additional focus on their future growth with the company. This is done with an effective handling of the interview process combined with certain competency tools that are utilized in the acquisition advertisements. Additionally, digital and social media efforts can be utilized in this component of talent management.
The on boarding component of talent management is basically an acclimatization phase. This includes welcoming and correctly introducing the new recruit to the job and the process. It allows for a successfully smooth start and goes a long way to making the recruit feel comfortable in their new working environment. However, this is not a simple introduction, it also includes familiarizing the new recruit with the appropriate policies and procedures required by their duties along with the proper physical and online forms.
Strategic goal alignment and planning includes formulating and instituting a long-term plan with a focus toward the continued viability and success of the particular efforts or company. This includes setting the appropriate short term goals and mileposts necessary for assessment, morale and direction.
The process produces leaders if done correctly, and successful talent management agencies like that of Susan McGalla, founder of P3 Executive Consulting perform consistently. The stakes are so high for companies that they can only afford to acquire the most astute, proven talent managers in the business like P3 Executive Consulting. Talent management is so conducive to success that no major company utilizes ad hoc methods of instituting these principles into their company’s standard regimens, and Susan McGalla sets atop the heap of the most lauded professionals in the field.
These mileposts are considered performance management, and it is a major tenet of talent management. It includes making sure that the mission is always clear in a general sense, but also in each member living up to their business responsibilities. However, there are many tools available to optimize an individual’s performance. In doing this, it also aligns the goals of each individual with those of the company and directs them toward the long term goals as well as the tasks at hand.