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Talent management is the search, onboarding, and organization of well-skilled people who can drive the company’s workflows and create value.
🔋 It includes searching for the necessary people on various websites, from Indeed to LinkedIn, and nurturing their skills at work, helping them to develop and improve.
🛠️ Various management systems can be used for that purpose, each with different aims. Learning management systems, such as CleverLMS, would be helpful in improving talents skills and sharing knowledge.
See more to learn how to implement talent management and which tools to use!
What is talent management in HR
The company’s workforce is the most critical asset that, unlike others, cannot be simply reduced to numbers and efficiency. People should be satisfied and motivated to work well and without burnout. It’s all about the work-life balance. If each person in the company can maintain it, the whole company will benefit. Regular feedback regarding their work, suggestions, clear expectations, and efficient communication are essential elements of talent management.
The management platforms help the company’s leadership to implement and automatize all of this. CleverLMS, a learning management tool, is an example: it allows task planning and event scheduling, provides a reward system for motivation, and enables the creation of interactive courses for work orientation and skill uplifting.
Let’s start with the talent management definition.
Talent management fundamentals
People can think, feel, generate ideas, and perform specific tasks. Actually, we can do many more, but for the purposes of talent management, those types of activities are crucial.
Thinking:
🧠 Thinking enables us to create concepts and plans which we then implement at work. It includes analysis, critical evaluation of everything happening, drawing conclusions from data, and other necessary soft skills. So, it’s essential to develop thinking skills using various techniques and practices.
Feelings and emotions:
🔋 Feelings and emotions determine our motivation, communication efficiency, and well-being. While it’s sometimes tempting to get rid of emotions, they are crucial for any team and organization. Without emotions, we are empty, losing our creativity, motivation, and willingness to communicate with others and working only mechanically. To avoid such a situation, a strong emotional intelligence is what you need.
Idea generation:
💡 Idea generation is the creative process that enables the creation of something principally new, from business strategies to technologies. While some people are more inclined to it, everyone has creativity and can propose something that can improve business productivity greatly. There are various techniques for enhancing one’s creativity, such as experimentation with details.
Planning and performing specific tasks:
📋 Planning and performing specific tasks requiring specific competencies compose the basis of any work process. Whether it includes sales, 3D design, mobile programming, or manufacturing, people who are competent in a corresponding skill are crucial for the work. All three components above, thinking, feeling, and idea generation, can contribute to soft skills, while the specific work activity composes hard skills. You can read more about two types of skills here.
Talent management is all about nurturing and improving them: improving employees’ hard and soft skills while maintaining their motivation and satisfaction. It’s also about searching for talents that already have these skills. To do that well, a company’s management needs to apply specific strategies.
How to implement
Let’s overview several talent management strategies and approaches. We’ll also ask questions relevant to each strategy and see how it solves them.
- Employee development includes improving their skills and teaching new ones to them if necessary. Which skills can they master, and how will it benefit your company? Which learning materials you’ll need for that? Developing employees’ hard and soft skills, you’ll make your company much stronger and your employees more satisfied.
- Succession planning is the creation of a plan showing what an employee will do next. Which company’s workflows can your employees handle? Based on it, you’ll see how employees can evolve in your company, increasing its value and their satisfaction.
- Performance tracking means monitoring the employee’s task completion using various metrics, such as completion time, number of completed tasks per week, training efficiency, and value created by task completion. By understanding which tasks are performed better and which are worse, you’ll decide how to improve your employees’ performance.
- Recruiting and onboarding processes include elaborating criteria for talent search and understanding what they need so you can attract them to your company. A company with established searching, interviewing, and onboarding processes becomes much more competitive, as it will close its vacancies faster and find those who are necessary.
Talent management is similar, even for drastically different companies. While they need to deal with varying skills of employees, we work with people in all cases.
implementation:
For the implementation, you also need software that will organize your workforce and track their work, saving you a lot of time. So, the choice is whether a specific software fits your company. As we’ll see, there are different types of them.
Management tools can have different destinations, but all of them have similar features focused on project management, organizing people, and tracking task completion. They enable quick and easy work planning and information exchange, so all employees know what they need to do and when. The management will obtain full reports of their work and can easily access each employee’s data and documents related to them, as well as contact them if necessary. Examples of talent management software you may use are learning management systems (LMSs), focusing on employees’ learning and development, and HR management tools, focusing on employees’ tracking and organization.
See CleverLMS functions to evaluate what a good talent management tool should do. We’ll also overview several other instruments of various types. Let’s start!
Tools and platforms
Do you need an LMS to create an innovative environment at work or an HR management platform for tracking and organizing countless work processes? We’ll overview examples of such tools and evaluate when and why each of them can be the best.
- CleverLMS is an example of a learning management system and can serve as a good talent management platform. It’s incredibly fit for companies that need to teach something to employees or dealers routinely, for example, industrial safety, sales, or how to use some tools.
- ClearCompany has robust tools for employee work appointment and tracking, helping with onboarding and performance maintenance. Also, This is the best option for medium-sized businesses that focus on one specific niche.
- Trackstar is an employee tracking system that stores all relevant employee data, enables task appointments, and provides comprehensive reports regarding their work. Thus, it allows the management to reach the best performance possible, which is good for corporations with several departments.
- Workable focuses on talent search, hiring, onboarding, and managing, automatizing the entire process with its tools to create job vacancies and search on various websites. Also, It’s suitable for medium-sized businesses with significant employee turnover, as it can help them find talents who fit their company best.
Conclusion
As you see, talent management uses strategies to improve employees’ skills and well-being; enabling them to perform their jobs better, improve skills, learn new ones, and enhance their efficiency. Therefore, it is crucial and should be implemented in all companies that want to remain strong and competitive.
For that, companies use digital instruments that optimize the process considerably. Talent management tools are different, serving various purposes, from learning, development; and work tracking to employee search and managing their data. The choice of a specific app type and example depends on your company’s specifics and the approach you need first, be it talent learning or search.
