The quality, satisfaction, and positioning of an organization’s talent is often the deciding factor of its ultimate success. You can invest heavily in recruitment, excel at interviewing, and hire employees with the ideal traits. But you might still fail to create an environment that leverages behavioral data to its full potential.
True talent strategy extends far beyond recruiting and hiring top talent.
Ideally, effective workforce planning includes the execution of a talent strategy that aligns with the goals of your organization, enhancing the employee experience, improving retention rates, and future-proofing your business.
What Is a talent strategy?
At its most basic level, talent strategy is the plan used to recruit, hire, onboard, and retain employees. However, a real talent strategy goes far beyond filling open positions. Rather, it considers an organization’s initiatives, the strengths and weaknesses of various teams, the skill gaps in certain roles, talent development opportunities, and how to improve the overall employee experience. It’s a lot to consider.
Talent strategy shouldn’t be limited to HR professionals. The entire leadership team should be invested in the creation and development of your talent plan, to ensure long-term success. Too often, hiring and managing talent is considered the