Where do you fit on the talent management maturity continuum?
According to Bersin by Deloitte, 90% of mid-market firms and 59% of the Global 2000 are at a Level-2 maturity on a 4-point scale. Here’s the scale:
In other words, most companies are at the point of being aware of what they should be doing but are just beginning to implement a meaningful talent management strategy. They have a long way to go…
Why should you bother? Because talent drives performance. Our organizational alignment research found that differentiated talent accounts for 29% of the difference between high and low performing companies. Especially for organizations that rely on their people to succeed, business results depend on designing and implementing the right talent management strategy.
We define talent as the workforce that leaders build and manage to create a unique advantage their competitors cannot replicate. Talent management is about attracting, engaging, developing and retaining the people that will support and carry the organization successfully into the future.
If people are paramount to your success, your goal should be to reach toward the highest level on the continuum where:
Sadly, in their recent survey, no mid-market organizations had as yet achieved this Level 4 and only 29% of the Global 2000 were at Levels 3 or 4.
So let’s take a more realistic approach. To go from Level 2 where 90% of mid-sized companies currently “live” to the next level of maturity, here’s what you need to do:
When you take these seven steps to increase your talent management maturity, you boost your chances of business success. Research has shown that organizations that can assess and select the right employees achieve a 3.2 times greater likelihood of success.
Do you need to take your talent management to the next level?
To learn more, download Talent: 1/3rd of the Talent Management Recipe for Success
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I have worked with other training companies and found it to be more of a seller/buyer relationship than one of matching the right expertise to our business issues. That’s what LSA does – ask the hard questions, listen, and understand our business needs. We receive the benefit of their expertise from assistance with personal development plans to enhancing team performance, to looking at enterprise-wide challenges. It’s all about helping our business succeed as we grow. Right now, LSA is providing great ideas, a fresh approach, and valuable guidance as we develop our management team and accelerate our client relationship management results.
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The LSA Global team was very receptive and flexible to our needs every step of the way. Their staff and facilitator demonstrated attention to detail, responsiveness, and professional courtesy. The participants were thrilled with the outcome and rated the communication skills workshop and the facilitator as ‘Excellent’. I’d highly recommend working with the LSA Global team to meet your professional development needs.
We signed up with LSA early on–as their 22nd Member! Since then, our organization’s learning needs have increased and decreased and increased again with the changing times. The beauty of the LSA business model is its flexibility…when we needed to supplement our own internal resources, we used LSA services knowing that we could depend on the outstanding quality of the leadership development and management training programs they provide.
PalmSource has found our relationship with LSA extremely beneficial. We worked closely with LSA to customize the right Management Training Program solution to meet our unique business needs. LSA is a quality organization, one that I’d recommend to any company looking for a first class training and consulting partner.
Vice President of Human Resources
We engaged LSA to design and deliver a 6-month custom executive coaching program for a group of our key leaders. The focus of the program was to help a core group of senior leaders to leverage previous investments in management training, to ensure the engagement and retention of key employees, and to push critical strategic initiatives forward. Even with the high expectations of our senior people, LSA has completely exceeded our expectations. I would recommend them to anyone looking to create and implement a custom coaching methodology using proven tools to drive true change.
Senior HR Manager - Staffing, Training, & Development
Hyperion has a commitment to lifelong learning. LSA helps us provide the right business sales training, management training programs, and leadership development programs at the right time to meet the needs of both individuals and departments. I especially appreciate their ability to listen to my needs and recommend the appropriate facilitators, solutions and content.
Senior Project Manager
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