By: Justin Waggoner, Ph.D., Beef Systems Specialist
“What’s Your Talent Management Strategy?”
Good help is truly hard to find and sometimes the best employee or leader is the one you already have. This is essentially the concept of “Talent Management” which is the strategy which an organization or business uses to hire, manage, retain, and develop employees for leadership roles. Many businesses lose exceptionally talented employees because their strengths and talents were not recognized. Additionally, an effective talent management strategy is a mechanism to groom and develop future leaders and managers. Managers play a key role in an organization’s talent management strategy, as they must identify talented, exceptional employees. Managers also serve as mentors, providing coaching and feedback to develop employees. Research conducted by the American Society for Training and Development documented that those organizations with the most successful talent management systems also asked managers to discuss the talents and skills of their most talented employees with other managers and leaders. Discussing the organizations most talented employees creates an internal talent pool that various departments can draw from to fill current positions. Do you have exceptional employees in your organization? What is your talent management strategy? Are you at risk of losing your best employees?
For more information, contact Justin Waggoner at jwaggon@ksu.edu.