Organisations can significantly boost their return on talent by making strategic moves and tracking key metrics. To begin with, companies must define their talent value proposition to attract and retain the right talent. This involves creating a compelling narrative about the company’s mission, culture, and opportunities for growth.
Next, organisations should identify and develop their high-potential employees. These individuals are not necessarily top performers, but they have the potential to take on leadership roles in the future.
Moreover, it’s essential to build a robust talent pipeline. This involves developing a succession plan and creating a talent pool that can fill key roles in the organisation.
Companies must also foster a culture of continuous learning. This can be achieved by providing employees with opportunities for development and growth, and by recognising and rewarding learning.
Lastly, organisations should measure their return on talent. This can be done by tracking metrics such as employee engagement, productivity, and retention rates.
By implementing these strategies, companies can maximise their return on talent and achieve greater business success.
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