Talent Management
"Sixty
per cent of
organisations
have
no formal talent management
strategy, and even more
have no formal definition
of talent."
Many
companies
are reluctant
to invest
in their
people because
they fear
the investment
will be
lost when
people leave – and
so of course
people leave
because
there hasn’t
been any
investment
in them!
There
has been
a fundamental
shift in the way
employees view
the organisation
they work for.
Nowadays it’s
not just about
getting paid a
good salary. Recent
surveys have identified
that development
and personal growth, effective leadership and a good working
environment rate
higher than pay
in importance
for today’s
employees. The “job
for life” culture
is gone and in
today’s
marketplace organisations
need to work really
hard to retain
their talented
employees. They
need to recognise
that it’s
the creativity
and skills of
their people at
all levels within
the organisation
that will ensure
long term organisational
success and that
this talent needs
continuous and
consistent nurturing
and investment
for them to stay.
Staff retention
is now recognised
as a priority
by most forward
thinking organisations
and they are focusing
more attention
on developing
effective talent
management strategies.
A key element
of this is ensuring
that employees
at all levels
have the right
skills to perform
their role effectively
and that they
have a clearly
defined career
path.
