What's Your Talent Philosophy?
posted on Wednesday, July 27, 2016 in General
A talent management philosophy is important for curating and retaining a valuable workforce - something that every institution strives to do. How can you create a plan that enables your institution to attract and retain the best talent in your industry? Why is a talent management philosophy so important?
Could you say that your company has:
- Clear guidelines for how long it's OK to be an average (50th percentile) performer?
- Agreement among the executive team about how much to differentiate the investment in high performing employees compared to average performers?
- A consistent approach for how transparent you are with leaders about their potential to advance in your company?
Learn how to create your own talent management philosophy and more in this article.
The author of this article, Marc Effron, is the president of The Talent Strategy Group, and he spoke at our 2016 Leadership Summit in Bloomington, Minnesota.