Talent management is a system within a system: the organisation's culture. Get talent management wrong and the organisation's culture will be misaligned with the customer's emerging needs. Critical talent management actions to turn the organisation's talent management approach into a competitive advantage include:
- Leadership development
- Performance management
- Succession and replacement
- Talent acquisition
- Team excellence
Tomorrow, of necessity, talent management will be about resilience, reinvention and recognising that the ideal organisation design reflects how, given a choice, people would choose to work together. Investing in the most efficient way to develop talent, putting muscle behind the succession process and, generally, building a cadre of leadership talent, will allow your business to survive and thrive in turbulent times.
Insights from "Future-Oriented Leadership Competencies: Today's Talent Management Lynchpin" by John Burdett, Leadership advisor to TRANSEARCH International.