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Archives
TALENT MANAGEMENT BEST PRACTICES- STANDARD
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- Talent is any organization’s most important asset. Talent Management is a key mechanism for building a dynamic organization. The average age of a person working in most organizations in Africa is 51. This presents some real challenges around succession planning as one of the winning talent management strategies. This has led to a skills mismatch in some functional areas in most organizations.
Organizations are now starting to define their future talent requirements as part of their annual workforce plan. New skills such as data analytics, digital diagnostics and economic development and planning will be key to ensuring that they have the right organizational capability to support future citizens' needs.
It is vital that organizations continue to assess their talent needs and to refresh their understanding of what talent may be required in the future. It is evident that the workforce shape and skill base will change over time to reflect the changing services and delivery models in both public and private sectors. A good example of this is the rise in the use of Talent Management Best Practices Standards that has been implemented in various organizations all over Africa.
Knowledge capture is also becoming more important as senior talent continues to leave the organization through retirement. The importance of capturing and transferring this knowledge to younger staff is a critical activity for any Authority. Knowledge capture is not only about updating core systems and documents but also involves a focused approach to mentoring and coaching to up skill staff.
“Research shows that organizations with a strong talent management practice are 31% more effective in engaging their employees and have only 1% turnover rate among their high performers” Deloitte
We at Access Business Management Conferencing Ltd have a defined approach to Talent Management and have employed this in our work with numerous organizations in other jurisdictions. Our methodology and approach is highly collaborative and we strive to work closely with Human Resources and management teams as part of this process.
We have experience in developing knowledge management plans for specific services to ensure that all relevant knowledge and data is captured before key talent exits an organization. This involves business alignment, TDVC transformation, TM Excellency framework, talent profiling & pooling, TM standards, TM program implementation, practitioner’s TM toolkit to the capture of data and knowledge. Click here for more information; https://intl-abmc.com/events/certified_course.php?course_id=66&courses_cat_id=1