21st Century Talent Management & succession planning

• Posted by ken atambo November 3, 2017 - Filed in Society - ##humanresources #talentmanagement #humancapital  - 1,072 views

  Talent management describes an organizations commitment to hire, manage, develop and retain talented workforce. Best talent is attracted when a prospective employee is guaranteed of a talent management strategy which will ensure opportunity to develop professionally.

  Quoting Theo Veldsman (University of Johannesburg) "Being excellent at talent management will enable an organization to capitalize expeditiously on future opportunities & changes."

  Talent management concept has grown over the last decade, covering the full spectrum from point of entry of employee to the organization to the point of exit.

  Traditional approaches to succession planning assume a multi year development process notwithstanding the fact that strategies & management teams will certainly change & groomed successors will leave anyway. This is why we need a new way to think about talent management. We need to focus on:

  1. Succession Planning- How to develop a succession planning framework that aligns to corporate goals.This is essential for keeping your organization moving in the right direction & determining key employees who will step into leadership & senior roles & still maintaining business success during any economic climate.
  2. Developing high potentials- Leadership skills that ensures your organization has intellectual property, human resource & talent to cope with future needs & how to increase engagement levels of your most valuable employees.
  3. Building a strong pipeline- Selecting people with necessary skills & creating a corporate brand and employee value preposition that attracts and retains.

  Kennedy Atambo