Talent Management Strategy Series – Part 2
Talent Management Best Practices: Attraction, Efficiency & Retention
There are different options and processes relevant to strategy and each strategy has Pros and Cons. The key is to understand that you need to have a strategy for Talent Management.
Every company should have its Why, Mission Statement, and Vision Statement as an intricate aspect of each area of Talent Management. Secondly, understand that what you put in is what you get out! Make outcomes, analytics, and data a part of your review process, and think of it as a section of your QMS.
Regardless of whether you do the work internally, partner with external firms, combine both approaches, use a wide net vendor approach, or look for partners, make sure you understand what makes the most sense for the company, have a strategy, and make sure you are asking the right questions.
Ask yourself how each step in the process emulates the message you want to send, adds to Best Practices, and does it protect or hurt the company’s Value Proposition in the marketplace in the short term or long term?