subject: Talent Management: Ensuring Long Term Organizational-success [print this page] It is dam crucial for a company to hire and retain top quality employees. Now, this is what management theory says and this is what top organizations are doing to remain ahead from their competitors. Now, when it comes to hiring and retention of highly skilled workers, it is the Talent Management, that comes into play. It is a process that emerged in the 1990s, and involves attracting and retaining profitable employees to beat the growing heat of competition in the global market.
An effective Talent Management, program ensures the long term success of an organization with the right people in place to hold the key positions in the future. However, in the current competitive market scenario, it is becoming increasingly difficult to retain the best talent as companies face their staff being poached by their competitors. Now, losing a high potential employee is certainly not a good thing and it becomes worse, if you happen to lose your highly skilled leader. A big blow! it becomes easier for it to retain its best talent.
Ways to retain your top talent: First, you must retain the leader. When a leader moves, he also takes the team with him and yes, it happens. So make sure that you leave no stone unturned to retain your profitable leaders. Besides money as a motivation, employees feel safe and excited, when they are provided with opportunities to expand their careers, learning and personal growth. Also, Organizations should move towards proactive retention so as to be on the right track.
Now, it will not be an exaggeration to state that with an effective Talent Management, program in place, an organization can have a winning edge over its competitors. It will also ensure long term profitability for the organization, even in the tough times.
