Setting a Business Context

People are Your Most Important Asset

Organizational leaders often say, “People are our most important assets,” yet many do not have a comprehensive approach to talent management.

What is talent management? What can it do for you?

Talent management is a holistic approach to optimizing human capital.  It enables organizations to drive short- and long-term results by building culture, engagement, and aligning talent goals with business goals. The aim of talent management is to be intentional about the process of building capacity and capability.  The emphasis is on developing a broad spectrum of talent so that the availability of internal talent will not be a constraint to the organization’s strategic direction.

Design a talent management system that works for you.

At Calibra, we help organizations create a talent management system that fits their culture and needs. The process typically includes:

• Building the business rationale.
• Writing a business case that ties this initiative to business strategy based on interview and focus group input.
• Identifying the key leadership success factors in order to establish objective criteria for assessment and development. 
• Developing a competency model or models that define the expected behaviors of people in the organization, and provide an objective foundation for selection, assessment, training and development, talent management and succession planning. 

Points to Ponder

• High potentials tend to seek personal growth opportunities and tend to leave if those opportunities are not provided.
• Most organizations report the need to identify high potentials; however, they also indicate they are ineffective at identifying future leaders. 
• Customized leadership competency models (unique to your culture and specific organizational needs) should be aligned with strategic goals.  Then, they can be used in the talent management process to determine leadership potential and help answer the questions, “Will this person help take us to the next level?” and  “Will s/he help us push toward our vision and achieve our strategic goals?”