Now you already know that talent management acts as a strong pillar for achieving business success and objectives. But if a business is unable to achieve its objectives, even after retaining the top employees, then talent management efforts would just be a waste of time, efforts, resources and money. So how can a business achieve its objectives and goals with the help of talent management? Let's see the answer to all these in this lecture. The first thing is to align business and individual goals. This means that the individual or the employee goals should be aligned with the business goals.
The entire talent management plan should be aligned in such a way that it contributes towards achieving the overall business objectives. To do this, the roles and responsibilities of the employees should be made clear. This must be explained. And they should know how their individual contribution could help and fulfillment of the business goals. This would encourage them to perform better, because they will realize that their efforts and performance will make a difference. employees should start feeling that their individual efforts will deliver massive result when it's about the big picture of having a successful business organization.
Next is to focus on priority. Focusing on the most important goal is very important. The employees efforts should be dedicated towards the most important goal of a business. Next is performance based culture, develop a culture in the organization where pay or the salary gets increased according to the performance given by the employee. This is done in most businesses since ears because it's a strong way to align Donald management goals with the business goals, creating a performance based culture which not only motivate the top performing employees, but it will also motivate those employees who lack the energy and even they would be motivated to work harder so that their pay and other incentives could get increased. Next is evaluation.
Measuring the progress is very important if a business wants to achieve its objectives. So, frequent checks should be conducted and the results of every aspect of the business should be measured. performance evaluation of employees is a must for retaining the best employees and removing those who are not adding value to the business. So, the key takeaway from this lecture is, the talent management programs should integrate leaders who can take charge and manage the other employees, then each employee delivers his best and focuses on accomplishing their individual job goals. The business goals could be achieved more easily. So, the success of a business is dependent upon the performance of its employees, especially the top performing employees.