Essay Talent Management

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This allows managers to make consistent, quantifiably fair decisions, thus avoiding improper compensation.

Many companies use employee assessments to help them motivate their employees to reach their full potential.

This provides better results as each employee’s reason for working is unique.

Addressing each individual’s needs in the organization will create a highly motivated workforce that strives for the best as a whole.

Centrally locating this robust information drives greater success companywide -- employees can reach across departments or offices to tap into a knowledge base and collaborate easily, while managers can use the information to make informed talent management decisions to increase business performance.

In a pay-for-performance culture, managers gain easy access to all the information they need to reward individuals for actual performance—360 degree feedback, goal alignment metrics, review data and performance notes taken throughout the year.When you engage employees in their work through goal alignment, you create greater employee ownership in your company's ultimate success; they become more committed to your company and achieve higher levels of job performance.To achieve "goal alignment" in your organization, you must first clearly communicate your strategic business objectives across the entire company.By measuring the essential factors that mark the difference between success and failure in specific jobs, your organization will be able to put the right person into every position, allowing them to utilize their talents without limitations.This leads to greater job satisfaction, improved morale and employee retention because your organization is staffed with a workforce of people who are highly productive, skilled and committed to doing their very best.But, to drive optimal levels of success, business leaders need engaged, high-performing employees.The key to inciting a workforce to greatness is to align your talent management with company strategy, define consistent leadership criteria across all functional areas, and identify specific competencies (analytical, technical, education, experience) to cultivate for continuing growth.Beyond simply encouraging collaboration, organizations need to provide the tools to facilitate easier collaborative efforts.To drive better collaboration across an organization, employees and management need access to rich employee data, including experience, interests and special skills, such as language abilities.The development of skilled talent pools makes it easier to develop desirable skill sets in a broader group of employees, resulting in higher performance across all levels and functions.By cultivating talent pools internally you are ensuring that you will have experienced and trained employees prepared to assume leadership roles as they become available.

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