02 March 2022
What is Talent Management?
Talent management refers to the research and employment of gifted employees in the market by the visions and goals of institutions and to contribute to their development by tracking their performance. Talent management also aims to retain existing employees and create a successful and competent employee network. We have answered the questions about the stages of talent management and why talent management should be included in the business processes of organizations for you.
What are the Stages of Talent Management?
Although how talent management will be implemented varies according to the strategy and goals of institutions, the stages of talent management implementation of Human Resources departments are usually as follows:
Analysis of the Needs
In order for talent management to be implemented successfully, the organization must first determine the position gaps and analyze what types of characteristics it wants from an employee. At the beginning of this stage, the employees of the organization are being evaluated to check if an employee with the required talent is within the company. If an employee with the necessary characteristics is not found, the organization determines the employee competencies, and action is taken accordingly.
Finding the Right Employee
Finding and employing the right people in talent management is very critical for the success of the organization. The most important thing to do is to make sure that the expectations are correctly conveyed to the candidate. In talent management, it is essential to understand whether the candidate has the required characteristics and to make sure if they can successfully perform the tasks required. Therefore, a predetermined and prepared talent management program will be beneficial for companies.
In order for talent management to be carried out successfully, the new employee needs to be guided correctly. In the first step; effective management of orientation training, submission of the necessary corporate documents, and a clear description of the tasks are quite important for the employee to get used to the organization.
Contributing to the Development of the Employee
Another stage of talent management is to contribute to the development of the employee. Each employee who feels that he/she is developing within the organization and that his/her vision is expanding will be observed to increase the level of commitment to the organization he/she works for. Training programs should be organized regularly in order to make competencies of the employees sustainable and more useful. The development and success of employees will pave the way for the development and growth of the organization.
Performance review in talent management contributes greatly to both the employee and the employer. Regular implementation of performance review will have positive effects on the work of both managers and employees. It is very important for employees to receive regular feedback in terms of their development. In this way, a more systematic and successful workflow will be provided. Regular performance evaluation is expected to add value to the organization as well as increasing the impact of the employee in business life.
Ensuring Business Continuity with the Successful Employee
To be ensure about the commitment of the employee towards the workplace is very important in talent management. For organization to make the successful employee feel appreciated by honoring them with performance awards, benefits and motivational speeches will provide an advantage to both the employee and the organization.
Action to be Taken After Quitting Work
The last link in talent management is when an employee considers quitting. Actions should be taken in terms of protecting the existing employees by seeking solutions to the questions such as reasons for leaving the job, why things are not going well, which expectations are not met, and more attention should be paid to the employees to be employed in the future. The relevant process should not only remain in the interview, but the top management should be informed periodically and the actions to be taken should be closely followed.
Why Should Talent Management Be Involved in Business Processes of Companies?
First of all, the company which implements a strategic talent management system may have the chance to employ the most successful employees in the market. Contributing to the development of employees with the talent management system helps to motivate employees. It is ensured that the employees stay in the company and perform their duties successfully in this way. Talent management allows the employee to feel connected to the company and to work in line with the company's goals. In return, there is an increase in customer satisfaction and corporate performance.
Should you have any queries or need further details, please contact your customer representative.