Talent Management: What is it?

June 13, 2014 | Talent Management

It’s certainly no secret that a company is only as strong as its employees. It takes a team of intelligent, hardworking, and dedicated people to propel an organization to success.

Many companies wrongfully believe that after they hire the best and brightest people for the job, their work is done. However, this couldn’t be farther from the case. Talent management is a relatively new discipline designed to not just help companies build a strong recruitment strategy, but to also work to develop employees at various levels of their career.

As the Millennial generation continues to make an impact on the workforce, the need to invest in current employees has never been greater. This group of workers is more focused on personal growth and career satisfaction than company loyalty, so employers need to devote resources to help them grow their career or risk losing them to competitors.

What is Talent Management?

Talent Management focuses on improving employee engagement and development. The main components of talent management include:

  • Competency Modeling
  • Assessments
  • On-boarding
  • Career Management
  • Retention Strategies
  • Succession Planning
  • Executive Coaching
  • Leadership Development and Coaching

Companies willing to invest in their employees are rewarded with a team of satisfied workers who truly enjoy their jobs. People place a much greater value on their work when they feel like they’re appreciated and are given the opportunity learn and grow. This builds a deep sense of company loyalty, motivating people to come to work every day ready to give 110 percent effort.

Retention rates are much higher at these companies, as employees know they’re treated well and can’t imagine wanting to work anywhere else. Devoting resources to employee engagement and development is one of the best investments a company can make, as you can’t put a price on the value of a happy, satisfied workforce.

Need help finding the best candidates to join your team? Contact TalentBridge today. Our committed professional staff is tied in to the top talent in the marketplace. We develop clients and candidates through close and constant interaction with pubic accounting firms, law firms, corporate finance departments, and professional networks.

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The Talent Bridge Companies include Talent Bridge Professional Staffing and Search, Bradford Management Group, Talent Bridge HR Advisory. Talent Bridge is the only organization in Charlotte offering high level executive search, diversity recruiting, professional and project staffing, outplacement services and employee and team development. If you want to advance your career or find business solutions that reduce costs, increase productivity and help you hire better, please contact our experienced team today!