Buzz word for today: “Talent Management”
Talent Management: It’s all about you.
Have you heard of talent management?
I recently saw a job posting recruiting for a “Talent Manager” and I immediately thought it was referring to the management of entertainers. However, after some additional research, I discovered it was all about managing, attracting, integrating, and developing highly skilled workers, i.e. the best employee talent.
Baby boomers: As many talented baby boomers (born between 1943 and 1960) retire early or leave organizations for other opportunities, organizations are trying to develop strategies to not only replace the worker, but also the specific skills and expertise that can lead the corporation into the future. In many cases, these corporations will be looking to talented Generation X (born between 1980 and 1960) workers, to answer the call.
Talent wars: For those mature workers that find themselves in the “best employee talent” category, a talent war is inevitable as finding the right talent has become increasingly more competitive between firms and of strategic importance. In a recent article by Forbes, Eric Jackson listed 10 top reasons large organizations fail to keep their best talent.
The top ten list includes:
- Big Company Bureaucracy.
- Failing to Find a Project for the Talent that Ignites Their Passion.
- Poor Annual Performance Reviews.
- No Discussion around Career Development.
- Shifting Whims/Strategic Priorities.
- Lack of Accountability and/or telling them how to do their Jobs
- T0p Talent likes other Top Talent
- The Missing Vision Thing
- Lack of Open-Mindedness
- Who’s the Boss?
Talent Manager: So if you are one of those talented workers that is thinking of making a move in 2012, this may be good time to determine if there is a way forward with your current company, or if the best way forward is to exit and seek greener pastures elsewhere. If there is a way forward within your organization, now would be a good time to speak to your Human Resource “Talent Manager” representative.