Congruent Talent Strategy: Align with Your Business Strategy



Transform Your Talent Strategy to Business Results

AlignmentMany recent studies show CEOs are acutely concerned with issues associated with the employee lifecycle: acquisition, development, career management, retention and succession planning. According to Deloitte Global Human Capital Trends 2015,  “87% of companies rate ‘retention, engagement and culture’ as an important imperative and 50% rate it urgent.” The reasons are varied, and include but are not limited to:

  • The rapid emergence of the “knowledge economy”
  • The quest to find and keep top talent
  • Loss of knowledge and experience from baby-boomer retirements

As a result, it’s imperative to develop a talent management strategy that is congruent or aligned with your business strategy. There are two simple steps you can take to get you on the right path to developing a congruent talent management strategy.

Step 1:  Last month we discussed culture and its importance when constructing a talent management strategy. Culture fit is the glue that holds an organization together. That’s why it’s a key trait to look for when recruiting and hiring.

But don’t stop there. Identifying and assessing the core competencies that reflect your culture is an important first step in developing a congruent talent management strategy. The benefits of doing so include:

  • Developing and nurturing top performers
  • Defining and measuring expectations and results
  • Building better leaders from within

Step 2:  The next step is to connect your organization’s strategic plan and goals or Key Performance Indicators (KPIs) to individual objectives to create a clear connection between employees’ work and your organization’s strategic objectives. The results of doing this include:

  • Everyone in the company can operate better and contribute more than the year before
  • Everyone knows where they fit into the big picture
  • Everyone can see how their contribution towards departmental goals achieves company goals
  • Talent management activities are given the organizational importance they should have.

You want to do what you can to maximize your talent potential every single day. Having a congruent plan is another important piece to building a talent strategy which can translate into business results.

Jackie Messersmith is President and CEO of Talent Management LLC. Talent Management is the developer and distributor of Talent Snapshot®, an integrated, competency-based, “in the cloud” talent management solution. Jackie can be reached at 513-528-9700 or jackie@talentmanagementllc.com.

Talent Snapshot® – Talent Management Made Simple. www.talentsnapshot.com