By McKinsey & Company – McKinsey Explainers
Put simply, talent management includes all the ways that an organization brings employees on board, keeps them happy and productive, and helps them continue to develop their skills over time. Often handled by human resources, or HR, putting people first is crucial to effective talent management.
.. “Look no further than the much-discussed “Great Resignation,” also called the “Great Attrition” or “Big Quit,” of 2021 and its impact. Putting people first is vital to building a healthy workforce.
It’s important to manage talent and deploy it well, and leaders need to know how to rise to the occasion. To help shape workforces that have the skills to achieve, leaders can establish a talent-first culture. …”
Why is talent management important?
What actions are linked to good talent management?
What’s involved in talent management?
How do I find and hire the right people or attract and retain talent?
How can organizations help talent learn and grow?
Embracing continous learning can help drive your business forward, and employees that develop a lifelong mindset may find that it keeps them relevant and in demand
How can I improve performance management?
What about employee experience?
- Social
- Teamwork
- Social Climate
- Work
- Work organization
- Work control and flexibility
- Growth and rewards
- Organization
- Purpose
- Technology
- Physical environment
About 70 percent of people say they define their purpose through work / which raises the stakes of ensuring that individuals can easily connect what they do in the day to day with meaning
How do I optimize workforce planning and strategy?
- Critical roles
- Skill pools
- Talent systems
- Build
- Redeploy
- Acquire
- Release
- Rent
https://mckinsey.com/featured-insights/mckinsey-explainers/what-is-talent-management
For more in-depth exploration of these topics,
see McKinsey’s Insights on People & Organizational
Performance. Global management consulting | McKinsey & Company
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“Companies preparing for the future of work can take a variety of steps to help employees build skills and continue learning and growing – this is vital … “