Today’s leaders at all levels are responsible for attracting, retaining and cultivating talent. Talent leadership encompasses hiring, on-boarding, developing, managing, challenging, promoting, motivating and more. It ultimately ensures the right employees are in the right jobs with the requisite skills and motivation.
Human resources departments can provide processes and resources, but individual managers are today’s true talent leaders, responsible for:
- Attracting employees
- Retaining employees
- Transitioning employees
With the cost of employee turnover averaging as much as twice the employee’s annual salary, every personnel decision has bottom-line consequences. Often, success depends on changing the way managers think and act — and that typically means acquiring new knowledge and skills. Leading organizations consider talent management a crucial component of their training and development curriculum. It’s essential to the bottom line.