What benefit is Talent Management for the Boss?
As you can see, Talent Management through the eyes of the employee can be a great thing. And if used properly, it can mean even more for the management level.
They will have a much easier time when performance appraisal season rolls around. I don’t think anyone will squawk at the concept of no longer having to complete a paper form, so that’s a given improvement. But one of the main complaints, or shall I say concerns, of managers is that they don’t remember what an employee has done from one appraisal to the next.
Employees can work their fingers to the bone but unfortunately if they don’t do something outstanding in the month or so prior to a performance appraisal, their efforts may go unnoticed. Though obviously unintentional, this is extremely unfair to employees who feel like they’ve worked tirelessly to prove their worth.
Fortunately, with the implementation of the Talent Management tool, employees will have tracked their progress and the information is right there for the managers to see.
They don’t have to rely on their nimble minds to remember everything that’s occurred in the past several months. This in turn makes things easier on the manager, while also giving the employees the credit they deserve.
Now that the managers can accurately assess the efforts of the employees, they are also better equipped to compensate them accordingly.
Unless you work for the Federal government, it’s pretty uncommon for a person to know what pay grade they’re in, if one even exists at their organization. Now that you have a better form of compensation management, managers can more easily explain to an employee how he/she arrived at the pay raise they are given.
They can also better align specific roles to a specific compensation. It improves accountability on behalf of the employee, as they now have a better understanding of what it takes to attain a certain level of compensation. It’s clearly defined as to what they need to work toward. This fosters a performance oriented culture as the employee is now focused on productivity and efficiency.
Additionally, they can track the progress of employees as they complete certain training initiatives. This will help to determine the relevance of various training relative to the progression of a position and ultimately assist in the succession planning efforts of the organization. If you haven’t noticed, all these pieces tie in together and are integral to the successful operation of a business.
How has the role of HR changed?
The HR department is no longer devoid of technology and implementing a one-stop-shop for Talent Management is more prevalent now than ever. Modern Talent Management solutions that provide talent profiles, alignment, reports and analysis, etc. are becoming all the rage! These solutions assist in helping companies work together to align their business objectives and optimize their workforce.
