Do Your Leaders Invest in Talent Management?
Among all the investments you can make as a leader to grow your company, don’t, for heaven’s sake, neglect to invest in talent management — attracting, engaging, developing, and retaining the top talent that matters most.
Businesses Should Invest More In People
Business leaders all seem to acknowledge that an organization’s success depends largely on the skills and level of engagement of their employees. And yet leaders do not consistently put their money where their proverbial mouth is and invest in talent management.
When choices are to be made among business priorities, investing in recruiting and developing the right talent often seems to fall to the bottom of the list.
Talent Matters – Do Not Make the Same Mistake
Our organizational alignment research found that talent accounts for 29% of the difference between high and low performing organizations.
Here is how to invest in talent management and put Talent Management back where it belongs — as one of the three pillars of a successful business. The other two? A clear strategy and an aligned culture.
Experts say that companies should get near 50% of their new employees through inside referrals. These new hires prove to be the best quality hires — consistently.
They’ll get the accountability message quickly and up their game.
Putting quality hires in key positions can make a huge difference in how well their teams perform and in reducing overall turnover.
Don’t let marketing slogans affect the way you talk about the work ahead. Be honest and clear. The better understanding the candidate has of the job, the better the chances for a solid match.
The Bottom Line
Your ability to attract, develop, engage, and retain talent that fits your unique culture and strategy can truly be your competitive advantage — as long as you invest in it as the high priority it deserves.
To learn more about how to invest in talent management, download The New Research-Backed Talent Management Recipe for Success
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