Talent Managent

Ever heard the phrase, “good help is so hard to find these days”? Any HR manager or executive is familiar with the daunting task of trying to find the perfect fit for their company. Today’s workforce is more demanding than ever and every employee must contribute to the overall success of any organization. In response to this, Dr. Guillory released a white paper this week entitled The Age of Human Potential—Talent Management. This paper is the first part in a two part series on the subject. Dr. Guillory describes talent management as, “an initiative designed to source, attract, recruit, develop, advance, and retain highly competent employees.” In his white paper he proves the cost per benefit ratio of each stage of employee recruitment and retention.
The stages are:

* Sourcing – establishing a system and criteria for identifying highly motivated, multicultural individuals for potential employment.

* Attracting – presenting a compelling case to potential recruits that are interested in your organization.

* Recruiting – the collective effort of an organization to show a potential employee that his or her future is best realized by their employment.

* Developing – providing the opportunity and support necessary to an employee for their continual expanding potential.

* Advancing – providing the opportunity for employees to attain higher positions of responsibility, as a result of mentoring, coaching, and visible opportunities, in proportion to performance.

* Retaining - the result of the proactive, professional development of an employee.

Business objectives have continued to evolve over the centuries as technology presents us with more efficient work tools and more challenging tasks. Dr. Guillory shows this progression over time and suggests that every organization develop a talent management support system that continuously monitors the efforts of employee well being.