Talent Management Initiatives Key To Employee Retention
Executive
Recruiter News reports Growing global competition and an increasingly
diversified workforce are challenging organizations to look
at talent management as a means of ensuring quality and consistency
within the workforce.
According to the 2006 Talent Management Initiatives Survey,
conducted by the Society for Human Resource Management, more
than 75% of human resource (HR) professionals surveyed state
that talent management initiatives are a top priority for
their organization.
HR professionals further reveal that these initiatives would
impact recruitment significantly by aligning employees with
the organization's mission as well as providing professional
development opportunities for employees. Furthermore, survey
results indicate that it is important employees be trained
to perform their jobs at a high level, and that ongoing training
be budgeted to enhance employees' skills. Of the organizations
that have talent management initiatives in place, 65% already
have a formal budget for training.
Talent areas identified as having the greatest need for improvement
include: creating a deeper reservoir of successors at each
level; creating a culture that retains employees; decreasing
existing gaps in employees' competency levels.
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