Modern Talent Management: Unlocking Talent Benefits in an Agile World

Talent management is simply defined as a strategic approach to attracting, developing, and retaining talent. Some of the traditional ways and means of talent management are being challenged by changing business models, rise of new technology, needs of modern-day employees, and evolving thought processes.

In addition, work and workplaces have changed irreversibly due to the pandemic. However, the fundamental objective of talent management is still the same –to enable (and not manage) the talent pool of an organization to unlock engagement and productivity. Building the right culture for people to be able to perform, enabling them to deliver customer excellence, and innovate in the quest for better products and services are still the building blocks of the right talent management framework.

Some of the key tenets of modern talent management are:

1.Tech-enabled recruitment:

Strengthen your talent acquisition with technology tools that evaluate for jobalignment and gauge the skills and talents of candidates. Ensure that the focus on technology does not dilute the human experience of recruitment.

2.Outcome-basedperformance management:

In an increasingly remote/hybrid world, allow people to work flexibly and integrate their personal and professional priorities. Measure them on the outcomes they deliver instead of the number of hours they spend at work.

3.Prioritize talent, not location:

All talent management processes,and associated programsneed to accommodate for remote workers and gig workers.Focus on getting theright talent to staff each role, irrespective of where they are based.

4.Train responsible ‘nomads’:

Ensure that ‘digital nomads’ are trained to be responsible towards data privacy and client security needs. Also, focus on training them to behave as responsible brand ambassadors for your organization in a remote location.

5.Pay for performance:

Provide a total rewards package that is comprehensive and geographically relevant to the location that your people work from. Help people to understand the nuances of global pay differentials and location-based pay.

6.Enable well-being:

Right from providing the right kind of infrastructure to work safely and ergonomically, to ensuring mental well-being and engagement, make sure that you engage in dialogue with people on what they need and help them in accessing the right resources.

7.Respect DEI (Diversity, Equity, and Inclusion):

Consciously work towards eliminating biases and be fair to different geographies, cultures, regions, and religions.

The core processes of talent management – the ‘what’ aspects have not really shifted. The change has been to the ‘how’. Any talent management strategy must keep people at the center and help them bring their whole and best selves to work. Organizations need to empower and enable theirpeople to deliver to the new business imperatives and create talent management strategies that differentiate and strengthen them.

To discuss the global shifts in talent management and apply them to your organization, visit us at www.compteam.net

About the Author

(Collaborators: Sam Reeve, Howard Nizewitz, Sumit Singla, Acknowledgement: Annissa Deshpande)

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Recent Posts
Contact Us

Thanks for your interest in CompTeam. We will get back to you right away.

Not readable? Change text. captcha txt