Purposeful Talent Development: 9 reasons your bench is weak (and how to remedy each)
We know what the challenge is. We know what to do. But not enough is being done.
Here are some “givens.”
Endless and annual CEO, C-suite and board surveys confirm that everyone is concerned about the strength of the talent bench. They state that the quality of talent management is among their top concerns. Everyone agrees that the quality of talent, especially at the top, is a key to flourishing now and into the future. It is oft said that “people are our most important asset.”
There has been a function created somewhat recently called talent management that is in charge of ensuring the adequate flow of talent from the point of hire to a seat in the C-suite. The good news is that we (those in the talent management profession) know how to allay the organization’s concerns. There are best practices many agree with, settled talent management science, specialized vendors, how-to webcasts, books (Leadership Pipeline and The Leadership Machine are in wide circulation) and conferences to attend and access. You can major in talent management at many universities and colleges.
The TM function and its professionals are generally in charge of recruiting, onboarding, deploying, engaging, developing and retaining talent … especially high potential talent who, if developed properly, could reach the C-suite and help the organization flourish.
continue reading »