When you’re a job seeker, you become curious about the values of a company you’re interested in, its on boarding process, how management perceives feedback, and most especially, its culture. On the other hand, when you’re a company leader, you become curious about how job seekers perceive your organization, what your employees’ experience looks like, and most especially, what will make them stay.

These elements are all dealt within Talent Management, a set of Human Resource processes that range from employee on boarding, performance management, retention, and more. It aims to attract the best talent that meets organizational targets, develop high-performing employees, and create an outstanding employee experience.

Like any aspect in business, everything starts with a strategy. Creating the best employee experience requires a Talent Management Strategy designed to maximize and enhance employee experience within an organization. Developing one covers every aspect of Human Resources - finding gaps in your current workforce, recruiting new talents, helping them grow within the company. It requires analysis and measurement of progress at each step of the employee journey to ensure they efficiently help the organization reach its goals.

Here are five (5) steps you can work on to start developing a Talent Management Strategy:

1. Identify the goals and metrics that will track your progress

• Follow these guide questions:
• How do you envision your Talent Management Program?
• What type of employees are you looking to attract?
• What’s your current employee turnover and retention rates?

2. Determine one or two areas to focus on (at first) before taking on a massive overhaul

3. List your top three (3) main competitors and consider what sets the company apart from its competitors.

• Follow these guide questions:
• In what aspect of Talent Management are your competitors good at?
• What sets you apart from your main competitors?
• Does your current workplace culture make your people enthusiastic to be there?

4. Identify the specific soft and hard skills needed to achieve organizational goals

5. Identify and analyze the Key Performance Indicators of this project

When implemented strategically, talent management allows companies to attract effective talents, boosts company morale, keeps employees engaged, and ensures it stays competitive.