THE BENEFITS OF TALENT MANAGEMENT

Talent management is a complex collection of connected human relations process that delivers a simple pragmatic fundamental benefit for any organization.

Talent management is a continuous process that delivers the optimal workforce for any serious minded business organization. It takes you from being owners of processes, forms and compliance to giving you the capacity of becoming the strategic enable of the talent management processes that empowers managers and employees while creating business value.

In view of the above, talent management is the implementation of integrated strategies or systems designed to improve process for recruiting, developing and retraining people with the required skills and aptitude to meet current and future organizational needs. 

Our modern services and knowledge economies in the talent age requires a broad and a holistic view. This therefore calls for peak performance business, and this largely depends on a wide range of talent. Simply put talent drives performance!

TALENT DRIVES PERFORMANCE

It is an indisputable fact that talent drives performance. This is evidenced in the fact that the team with the best people perform at a higher level than those with second best people. Great business realizes that exceptional business culture and performance is a function of the integration of highly talented resource persons. Peak performance is driven by superior talent. This is seen every day in business around us. It accounts for the reason two businesses with the same line of products and services do not actually have the same measure of market penetration, market capitalization and relevance. 

People are the difference evidence in the gap witnessed among business organizations, and talent management is the strategy that produces the people who makes the difference.

Researches have revealed that companies and organizations using talent management strategies and solutions exhibit higher and superior performance than their competitors and the market in general. That is why leading companies always invest in talent management to select the best persons for each job. They do this because they have come to terms with the truth that success in business is powered by the total talent quality of their workforce.

There is a great need for the implementation of talent management strategy to adequately respond to business goals and consequently be the driver of business performance. It is a circular-not a linear-set of activities.

We are now in a new era, an age where talent reigns. Our higher institution of higer learning is on the increase, and also increasingly releasing new breed of highly talented individuals into the market place. Many who cannot afford a university education are not left out in this battle for relevance. They have enrolled for specialized vocational training in specialized quarters. All these are now in the market place with specialized technical, scholastic, cognitive, interpersonal and professional skills, and struggling for recognition and relevance. The entire market place is loaded with more informed personal who share diversity in competitive advantage. Therefore, a wise business owner will employ proactive measures to ensure that his organization seek and recruit on the best among many bests. This is a fundamental wise motive for organization effectiveness and efficiency.

During the agricultural age, the economy was based on land. This was a truly tangible and physical asset. Industrial age also followed with a manufacturing driven economy. Higher business performance was driven through the most effective use of factories and distribution channels or networks. However, this is not the case in this present age. The knowledge age moved the basis of economic value to information asset through integrated communication and computer technology. The competitive battle front has move to the best people because they are the true and indisputable value creator. They are now the indispensable data base of quality information for organization relevance. The motivation to capture and maximize the potential of these resource persons should be the wise motive in the mind of intelligent business owners.

Work force cost is the largest category of company and organization expenditure. By automating and analyzing organization recruiting and hiring processes, you are provided with immediate workforce visibility and illumination needed to significantly improve your bottom line. Performance management provides the continuous processes and practices to enable you maintain a stellar workforce.

The future of talent management is embodied in solutions designed from the ground to provide business-centric functionality in a unified talent management platform. Due to the fact that almost all competitive business factors have become commoditized, talent is what ultimately drives the success of business and creates value. You have to rely on talent management principles, because it will in addition to the above mentioned benefit help you to:

·      Reduce process cost

·      Improve the quality of your hire

·      Reduce risk and empower you to achieve higher levels of performance.

Conclusively, I want you to understand that talent management strategies and practices are the key to higher and highest organization impact and effective and efficiency. Ignoring it is to walk the part of organization failure. Take your time to hire the right people and judiciously engage their creative potential for organization relevance and profit maximization. The people in your business determine the success of that business because they form the culture and corporate standing of your organization. Quality employee produces high performance, and in the same vain, unskilled and inexperienced employee produces poor performance and business failure.

Let me draw your attention to the following truth:

1. The enabler of any business or corporate organization is talent. The quality of your workforce is your last true competitive advantage. Talent drives performance.

2. Talent management demands strong executive support coupled with formidable systems and processes that are channeled towards assigning the right personnel to the right task at the right time.

The benefits of talent management cannot be over emphasized, if your organization must perform at peak level, you must recruit and retain high performance workforce. Do you desire to be the best in your chosen market? Then hire and retain the high performing team that will deliver to you that peak performance experience. You need people with exceptional ability to command the competitive advantage you so dearly crave.

Do not forget talent drives performance!