Is Your Talent Management Strategy Set Up to Succeed?

A businesswoman faces a long line of job candidates

Deciding who to hire and who to fire can have an enormous impact on your company’s current performance and future health. In fact, without an aligned talent strategy that is designed to support and fulfill your organization’s business strategy, the best laid plans can fall apart.

High performance companies need the right people in the right place at the right time with the right capabilities to drive full throttle into the future. High performance companies need a workforce that understands and agrees with their organizational strategy, a workforce that is prepared to take on the job challenges of the future, and a corporate culture that supports both talent and strategic goals.

What does it take to ensure you have looked into the future needs of the company and have built a high performance workforce prepared to succeed? Here are some of the basic questions leaders should ask:

  1. What critical few behavior-based competencies are needed now and will be needed in the next 3-5 years to accomplish the business goals the organization?
  2. Which roles will be the most important and urgent going forward…the roles upon which success will most crucially depend?
  3. Do you have the right talent on board now to fill those roles? If so, what will it take to develop, engage and retain your current talent to fill those pivotal positions? If not, where can you go to attract and onboard the necessary talent for the future?

Once you have answers to the three basic talent management questions above, you need to map out a plan for building and developing the talent for the future. Start by identify critical talent gaps. Then link those talent gaps to your organizational strategy so you can prioritize talent needs. Then create a timeline that allows you to build the necessary talent capabilities in order of importance and urgency.

With the plan as your guide, your work has just begun. For your talent management plan to make a true difference, it must be properly implemented. To be properly implemented, it must be understood, believable and implementable enough to gain the proper commitment from all key stakeholders. This is not easy. In fact, IBM found that less than 10% of even well-planned strategies are effectively executed. Harvard Business Review says that only 12% of companies successfully execute their strategy. Our organizational alignment research found that strategic clarity accounts for 31% of the difference between high and low performing companies.

To be effective, make sure your talent strategy is:

  • Clearly understood by all stakeholders
  • Adopted in principle by key constituents who agree to the resources needed and timing required for success
  • Equal to the challenge of the overall organizational strategy
  • Implementable in a consistent way across the organization
  • In sync with the organization’s culture and mindset

Download our Talent Management Whitepaper

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I’ve been associated with LSA for the last 8 years and have found them to be an extremely professional, well managed full service training organization. Since working with LSA, I’ve participated in a number of solutions ranging from Performance Management to Assertiveness Training – I’ve found that the quality of the resources is superior. They are well prepared and have definitely done a considerable amount of pre-work in order to customize our culture and business into the total learning experience – making it most beneficial for our employees.

Duane Schroeder
Human Resource Manager

I’ve partnered with LSA Global at two companies now, and I consider them a valuable and trusted training and consulting resource. They recommended just the right solution to address our management development needs and have wonderful facilitators that match YuMe’s culture and style of our management team. I would highly recommend LSA Global to any company wanting to deliver quality learning solutions with a valuable learning and development partner.

Maya Paul
HR Director

The Managing Virtual Teams program was extremely valuable. Your consultant/ facilitator’s fundamental knowledge of Synopsys as a company provided an incredible base to build upon while tackling the complications of managing and working with globally distributed teams. My team walked away walked away with highly useful practices and tools. It was an excellent use of our time.

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Vice President, Information Technology

LSA provided top notch solutions right when and how we needed them. They exceeded my expectations from a speed, quality, and cost standpoint. I recommend them to anyone looking for a true business partner in the Learning and Development arena. The breadth and depth of their expertise has helped us hit tight deadlines across multiple projects.

Fortune 500 Financial Services Company
Director of Infrastructure & Technology

LSA’s consultant designed and delivered a half-day team building solution for our recent conference. It included careful customization to integrate the design with our new mission and values. Everyone had fun and identified key issues with our teamwork. Altogether a great program!

Bob Ward
Director of HR

In the Next Generation Management Development courses, I was trained with skills and tools that have made me and my team more productive, motivated, and successful at communicating with other departments.

 

Kevin Ashman
Firmware Engineering Supervisor

We have worked with LSA Global for our learning and development needs and have always had great success. They helped us recently with customized Management Workshops that we held for the second time. It was fantastic, and I would highly recommend LSA to anyone that is attempting to get immediate and impactful improvements.

Mary Johnston
HR Manager, BU Radiology Informatics

Thank you to LSA Global for their partnership and support in helping us to design and roll-out our valuable management development training program. I personally have partnered with LSA Global at four of my previous companies. It continues to be a delight working with LSA. We look forward to partnering with them at Blackhawk Networks for future training and consulting needs.

Suzanne Kinner
VP Human Resources

Blackhawk Network

In my years working with LSA, it seems like I’ve had a personal consultant at my fingertips to help me identify just the right solution to satisfy our needs. The entire LSA team has become a trusted friend of Actel — assuring we provide state-of-the-art learning to meet our complex, high-tech business and people needs.

Linda Mitchell
Training Manager

Working with LSA Global has proven to be extremely valuable and worthwhile. LSA understands our business, has deep expertise in content areas, and tailors the programs to deliver great results. The facilitator was extremely knowledgeable about Working Globally with India and her energy and passion made the session interesting, fun, and enjoyable for all that attended. The participants walked away extremely pleased along with highly useful practices and tools. I would highly recommend LSA Global to any company that has partners or offices in India.

Glenn McGillivray
Human Resources Business Partner

Intuit

I had been working with LSA for many years with my prior company. Currently, I’m with a company who hadn’t done much basic management skills training. After identifying and presenting a program recently, our managers are excited and talking in the halls about the great experience. LSA saves us time in delivering the right training for our needs.

Phyllis Moracco
HR Director

I am very impressed with the quality of work and talent. LSA did a great job of listening to my needs and providing the exact management training program expertise I needed to get the job done.

Don Pryor
Director, Business Planning & Analysis

We consider LSA our true business partner in the areas of Learning and Organizational Development. From Strategic Planning to Presentation Skills and Management Training, they continue to provide excellent value and extremely high quality solutions – not just one time events. I recommend them to anyone looking to drive true business results.

Michelle A. Mitchell
Vice President, Worldwide Human Resources

Here’s a token of my appreciation for ALL your efforts. I’m offering my most sincere appreciation, and it extends to all the folks who made our customized management development programs possible.

Susan Anderson
Workforce Planning Bureau

Our company engaged LSA to do a specialized “train the trainer” program, and the consultant’s performance outdid our exceptionally high standards for such a program. Very crucial to the success of this program was the work done upfront to discuss our needs and to interview key members of our organization so that the program specifically met our goals. Our facilitators continue to comment on the success of the program. Thanks also for the follow-up.

Frank Abbott
Chief Financial Officer

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