Talent Management
In recent years, companies have become increasingly concerned about the talent - high performing people - needed to make their ambitious growth plans sustainable.
There are a number of critical areas in which Profiles products can be utilised to help companies recruit and retain the talent they need to grow.
Profiles can assist organisations in:
Attracting and recruiting talent
Making your company one of the ‘brand leaders’ in terms of the external perception of candidates. Having a well-defined talent management programme is a good start.
The Profile XT allows organisations to ensure that they are recruiting employees that fit their talent management template. Potential employees can be compared with any number of senior management Job Match Patterns to ensure that they match the key characteristics of all of the essential roles.
Developing talent
Any talent management programme must include learning and development activities geared up to improving the skill base for high performing employees to bring them up to the standard set by the organisation for its talent.
Profiles’ Checkpoint 360 Feedback system will quickly identify any deficiencies and how they can be addressed. It also enables Talent Managers to monitor progress and to step in if development objectives are not being met.
Motivating talent
Success in attracting and retaining talent in future will come from innovative development and reward packages that are tailored to the general trends in attitudes and values. One clear aspect of this is the need for more personal and individualised packages, recognising the different elements within reward strategies that apply to all of us as individuals.
The Profile XT includes a section on motivational interests to ensure that individuals have matched those interests that are most evident in senior management roles. The Profile Performance Indicator helps to identify how a person is motivated (internally or externally) and by what.
Appraising talent
Appraisals generally measure what has been achieved in areas for which the employee is accountable. Whilst this may also be true for ‘talent’ there must also be constant measures of future potential to ensure that the individual remains on track for the future roles at which they are being aimed.
The Checkpoint 360 allows organisations to monitor actual performance against 8 universal competencies, as seen by the people around the individual. The Profile XT allows for a constant comparison of the individual against the emerging requirements for senior management. As businesses evolve, the requirements will change. Even the most flexible of individuals may find it difficult to adapt and may not be the future talent that the business believed it was hiring.
Retaining talent
Although all of the other factors indicated above will help organisations to retain talented employees, a strategy for ensuring that an organisation benefits from its investment in talented people is crucial. Even so, 68% of private sector organisations don’t have a plan (80% in the Public Sector).
Put simply, recruiting the right person in the first place, placing them on a managed and monitored career programme and ensuring that their motivation is provided in the ways that they would choose are key steps in ensuring that organisations retain their talent.
Profiles can assist in the identification, recruitment development and retention of talent. Wouldn’t you do it better by working with Profiles?
