Talent Management Uses Strategic HR to Improve Business Value

Talent Management

Talent Management is a term used in Human Resources, so if you don't work in that area you might not know about it.

In business the term is widely used to describe the overall HR strategy around managing people in the workplace.

And here's the reason to sit up and take notice of Talent Management in HR -  It's also a key component of a business strategy to differentiate organizations from the competition and can be directly used to achieve desired corporate goals.

According to Wikipedia, Talent management refers to the anticipation of required human capital the organization needs at the time then setting a plan to meet those needs.  

Talent Management is defined as the science of using strategic HR to improve business value and make it possible for companies and organisations to reach their goals.

Everything that is done to recruit, retain, develop, reward and make people perform is part of Talent Management as well as strategic workforce planning.

A Talent Management strategy needs to be linked to the business strategy to make sense. and it encompasses seven main areas of HR:

1) Recruitment and selection: Use the best processes to hire the “right” talent for your organization.

2) Performance management and coaching:  Manage the performance of your talent and provide the coaching needed to improve individual and team performance.

3) Employee development and training: Develop your employees and helping them identify their skill sets to maximize their potential.

4) Compensation, rewards and benefits: Reward employees with the proper structures in place to ensure they meet their financial needs.

5) Success planning and leadership development: Planning ahead for emergencies and creating new leaders.

6) Compliance, policy and procedures: Meeting corporate legal obligations and correctly handling employee relations.

7) Cultural and Corporate identity: Managing the desired corporate culture and making sure employees understand the vision, mission, core values and beliefs.

Hire Quality partners with clients to build high performance teams by recruiting and selecting new talent and by upgrading current staff through training and development. For more information go to www.hirequality.ca or call 705.734.2698



Are you directing your future?

New York Times bestselling author and LinkedIn influencer, Daniel Burrus, has a book out about taking a realistic view of your future.  He reminds us "Where you look is where you go. Where are you looking?"

In business we spend considerable time on strategic planning. Burrus recommends we look at not only hard trends, and soft trends, but consider how we can reinvent our business. What would happend if we overcame our biggest challenges? How would our business look?

Daniel writes, "flash foresight starts with seeing the certainty of hard trends, and based on that, learning how to anticipate accurately. It also lets you see soft trends, as factors you can influence to shape a better future. But it’s not enough to see hard trends and soft trends, anticipate, transform, go opposite, skip your biggest problems, and reinvent yourself. These are all valuable and vital steps, but there is something larger and more embracing: you need to actively shape your own future."

read Daniel Burrus's article, Direct Your Future to Create Unprecedented Opportunities

Hire Quality offers management coaching and talent management that can help you re-vision your career and your business. Call us for more information, or visit our website to learn more. 705.734.2698  http://www.hirequality.ca

Ten Talent Management Predictions for 2014

January is the time when everyone looks back and breathes a sigh of relief over the challenges conquered from the previous year ... now we can look forward to a new year with new challenges ... but what if we can get ahead of the curve, by anticipating what the 2014 trends will be?

What will 2014 bring your business and how will changes and trends effect you personally, know them now and they may help you later?

Trends are often focused on changes in technology and how we will work differently because of the opportunities those changes bring. Global competition and continued pressure to reduce costs also creates a climate of increased anxiety over employment. Mid-level employees will be looking for assurances and leadership development to keep longer-term career goals in line.  Top talent will be looking for bigger and better opportunities.

Forbes magazine has written about the year ahead in, "The Year of the Employee: Predictions For Talent, Leadership, And HR Technology In 2014".



I'd like to share with you their top ten predictions.

1. Talent, skills, and capability needs become global.
2. Integrated capability Development Replaces Training.
3. Redesign of Performance Management Accelerates.
4. Redefine engagement: Focus on Passion and the Holistic Work Environment.
5. Take Talent Mobility and Career Development Seriously.
6. Redesign and Reskill the HR Function.
7. Reinvent and Expand Focus on Talent Acquisition.
8. Continued Explosive Growth in HR Technology and Content Markets.
9. Talent Analytics Comes to Front of the Stage.
10. Innovation Comes to HR. The New Bold, CHRO.

To download the complete 14 page report, click here.

Hire Quality partners with clients to build high performance teams by recruiting and selecting new talent and by upgrading current staff through training and development. For more information go to www.hirequality.ca or call 705.734.2698