A company’s success is not given only by external factors, such as a complex and gainful client portfolio or a good visibility in the market. The steady running of an organization is given by a series of factors related to internal organization, be it designed strategies within the HR department or directives about data management.
As it follows, we will talk about a range of practices that successful companies have agreed to implement to ensure them stability. It is a stability based on the loyalty of the existing employees, based on attracting new talents in the company, but also based on improved productivity resulting from all these.
Strategic Talent Management
Without a talent management strategy, chances of performance in the company are minimized. What such a strategy is supposed to mean? Well, it must be based on the desire to strive for excellence, and it must begin with encouraging employees to put for their full potential.
Moreover, talent management also involves the individual evaluation of employees, analyzing results and implementing a strategy of maintaining those who turn or exceed the requirements of the position they occupy in the company. Also, it’s necessary to implement training methods for some employees if these needs are identified.
Along with individual performance assessment, the need for coaching and training may emerge, and successful companies are aware that enriching knowledge and developing the skills of employees is a worthwhile investment for the long term. The process of learning and the orientation to new things might be constant, and the need to update knowledge should not be neglected.
For example, a good accountant, with years of experience will never be equaled by a young man who just graduated University. What the young surely has and the experienced accountant might not is the ease in working with computer systems. But this is a problem you can solve with a specific training.
Identifying potential leaders
Every team has both people with leadership skills and others that fit better on implementation positions. As any organization is like a living organism, there are some people that are promoted while others are leaving. Thus, it is important to identify in advance in every team those members who have leadership skills and that could lead it in the future.
It is not always enough just to have a motivated and productive team, but it is also necessary to train in advance those who can be leaders in the future, by assigning them new tasks, for example. This can’t come from one day to another, as the process is one that can last for years.
Put simply, internal strategies that make a business successful must include a recruitment process followed by the book, which should bring great talents in the organization, a good performance management and a good strategy for assigning tasks.
BIA HR TEAM