More and more organizations recognize the importance of talent management and use employees’ talents as the foundation within the HR cycle. Whether it’s about development, performance evaluation, or recruitment, employees’ talents are the starting point. In talent management, the focus is also increasingly shifting to all employees, not just the so-called “high potentials”.
What is driving the growing recognition of talent management for the entire workforce? Below are three reasons to embrace talent management.

Retaining employees within the organization

A large-scale global study revealed that salary level is not the decisive factor for many employees. At the top of the list of workplace happiness factors is “feeling appreciated for your work,” followed by “having good relationships with colleagues,” and third, “a healthy work-life balance.” An “attractive fixed salary” only comes in at number eight.
By expressing appreciation for your employees and placing their talents at the center, they are less likely to look for opportunities elsewhere. Especially in today’s tight labor market, this is of vital importance.

Increasing motivation and job satisfaction leads to better results

Talent management makes a positive contribution to employee motivation and job satisfaction. Organizations achieve better results when employees are doing what they’re good at. Less energy is wasted on tasks that don’t suit the individual.

Choosing the right education and training

By identifying an employee’s natural aptitude for certain competencies (as part of talent management), you can determine where to invest together. This allows the employee to further develop their competencies. For example, someone who lacks talent for “planning and organizing” is probably not the best candidate for a time management course — that would likely be money wasted. Instead, choose an education or training program that fits within a jointly developed development plan, one that aligns with the employee’s potential. In this case, a course focused on the “leadership” competency, such as a management training program, might be a much better fit.

Curious to learn more reasons to strengthen talent management within your organization? Feel free to contact us for an informal conversation. At Omgaan Met Ontwikkeling, we are experienced and enthusiastic about the TMA Talent Method, and we’d be happy to tell you more about it!

Source reference
* ‘Decoding Global Talent, survey door de Boston Consulting Group en The Network’. Bcgperspectives.com, oktober 2014.