Do you have a “Talent Management” strategy? This is the strategy which an organization or business uses to hire, manage, retain, and develop current employees for leadership roles. Many businesses, organizations and even universities lose exceptionally talented employees because their strengths and talents were not recognized. Additionally, an effective talent management strategy provides a mechanism to develop future leaders and managers. Managers play a key role in an organizations 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, 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.