Talent Development
The Issue
Studies consistently show that employee development is the least utilized aspect of talent management, even though demographics indicate that it is increasingly important to focus on assuring employees reach their full potential through employee development programs.
Unfortunately, studies have also shown that even organizations that invest in employee development do not align their talent development programs to their business and its strategy, rendering their programs less effective and generic. The ROI on these types of programs never meets initial expectations.
Our Point of View
- Talent development should be built around competencies and results that matter to the organization’s success in creating value and achieving its business strategy.
- Development has many elements, including assessment, feedback, reflection, relevant experiences, coaching, etc.
- Development initiatives work best when directly involving the business issues and real experiences.
- Over invest in the top talent and most critical roles.
- Focus on leveraging employees’ strengths as well as improving their critical development needs.
- Each employee and the organization must jointly own that employee’s development.
Our Approach
Our approach generally includes the following key steps:
- Understand the business drivers for a talent development program and how it will map to the overall strategy.
- Identify critical jobs and people so that the organization can invest significantly in development for those jobs/people.
- Identify any gaps between current development vehicles (i.e. assessment, feedback, reflection, experiences) and the ideal development approaches.
- Close gaps, improve tools, and map development with talent base to get the right investment in the right talent.
Typical Benefits
- Enhanced employee performance.
- Increased employee engagement and empowerment.
- Improved recruitment and retention of valuable employees.
- Identification of internal talent; opportunities to promote from within.
To learn more, contact us by phone at (312) 523-2123 or by email.