So, what exactly is talent development? It’s everything your company does to attract, develop, reward, motivate and engage employees. But maybe more importantly, why does it matter?
If the saying is true, and “the company with the best talent wins,” you’ll want to invest in talent development. Sure, you can always fine tune recruiting and hire better people, but here’s the thing: so can your competitors. The question is, can they keep them motivated? Can they expose them to the right opportunities? Can they provide feedback at the right time? Can they make sure everyone is executing their part of a shared strategy?
Talent development is more important than ever because the old way simply wasn’t working. Only 14 percent of organizations are happy with their current performance management system (Assoc. of Talent Development). This year, many organizations—and many of your competitors—will try to fix these problems.
The goal with talent development is to create a high-performance organization where everyone is motivated and supported to achieve a shared vision of success. The company that gets that right, wins.
Ready to learn more? Check out How HR Can Compete to Win: 5 Ways Talent Development Makes Your Company Unbeatable.