The aim of talent management is to be intentional about the process of building capacity and capability. The outcomes of any talent management system should include:
- Attracting, developing and retaining high potential employees (creating a system and documentation to support those efforts)
- Building internal staff capabilities (bench strength) for the emerging organizational demands
- Mapping various succession options
- Facilitating developmental moves across the organization
- Establishing a professionally managed organization with the systems in place to ensure that it will have effective leaders going forward
- Ensuring that employees are developing in order to meet the future needs of the organization (thereby reducing organizational risk)
To ensure support from organizational leaders, make sure your talent management initiatives address the outcomes listed. By addressing each of the outcomes above, you will be better able to illustrate the business need for talent management in your organization.
Interested in learning how to improve your current talent management system, get the Calibra Talent Management Toolkit.
