One of the keys to a business’s success is to identify and retain the talent of its employees.. The human capital of the company is the engine that has led to the achievement of its goals and objectives.
Therefore, it is essential to know how to detect and retain employees who can continue to grow within the company and who are able to bring constant improvement to the organization.
Why it is important to recognize the talent of the company
While many companies are unaware of the importance of having a good Organizational Development (OD) plan and many still do not understand the concept of a complete human resources system, luckily others define it very good. training plans for the development of knowledge and skills of its employees, which serves to ensure the achievement of objectives and the constant growth of the company.
These companies focus on the growth and improvement of an organization, and attach particular importance to one of the fundamental pillars of any business or enterprise: human capital.
Knowing the talent of the workers, a great strategy
A company with this vision selects, trains and keeps its workers motivated, aware of the benefits they bring them. Staff turnover and the need to recruit new external workers come at a high cost For the company, therefore, a good strategy is to know what you have at home, so that you can make the most of the workers you already have.
To do this, it is important to spot internal talent, as there may be a worker who is already familiar with the company and has a number of skills that can be useful elsewhere or in another position. The talent hidden in organizations is a diamond in the rough that every company or institution should know how to detect and exploit.
How to spot and retain a company’s talent
Identifying and exploiting talent is necessary understand the concept of competition, Which has to do with the knowledge, attitude, know-how and know-how of a worker. If you have the slightest doubt about this, in the article “How to face an interview by skills: 4 keys to get the job” is fully explained.
But … How to detect talent? How is it possible to keep it ?:
1. Define the business need
When the business has a comprehensive human resources plan, it’s easy to know the needs of the business, especially if you have a catalog of skills for every position in the organization. If this is not the case, then it is necessary research on different professions and on the mission, vision or values the company. This is essential to know what we want a worker to bring.
2. And … the associated talents
Now is the time to define the talents of each place. For example, if we need a supervisor for the nursing department, we must first know the knowledge, skills or abilities required by this profession. So if we know that one of the skills we need for this job is ‘leadership’, we will look for employees who, in addition to being good nurses, have good leadership skills.
3. Measure talent
Once the necessary talent has been defined for the various positions in the company and we know what we expect from employees to cover the needs of the workplace and the company, it is time to measure the skills and the potential of workers. Through test interviews or situational tests it is possible to know what a worker can bring to the company.
4. Rank talents
When the workers have passed the various tests and we already have a picture of the results, we must classify workers according to their talents. There are different tools for this. For example, Nine Box Grid, which ranks workers based on scores on nine talent boards.
5. Reward talent
Once you’ve got the talent ranked and you know you’re interested in retaining it, you need to reward it for not leaving. While you can use an individualized financial incentive, there are other equally effective strategies.. Moreover, if you consider that it is the right time, you can look into internal promotion and promote it in recognition of your talents.
6. Develop development and growth programs
Workers benefit from better health at work and a sense of belonging to the company if they feel that they can progress within the company. Having well-defined talent development programs is motivating and can help retain talent.
Therefore, to prevent the worker from feeling trapped, you must specify the development possibilities available to you in the company and make sure that you have the effective opportunity to take on new responsibilities.
7. Work on the corporate brand
Studies show that when workers feel in a company with a recognized and appreciated brand, they feel greater job satisfaction and greater commitment with the highest enterprise. Working with the brand can help you retain talent.
8. make them share the successes
Create an environment that makes your employees feel like an important part of your business. Employees should feel valued and recognized. get your opinion on any rules or changes that may be needed.
Sharing them with company successes, encouraging them to set goals and letting them make their own choices can also have a positive effect on them. Making employees feel valued is a good strategy for retaining valuable talent.
9. Clearly explain expectations and goals
It is important that the expectations, the objectives of the company and the function that the employees perform are clear. The job descriptions they are to perform are appropriate so employees know what is expected of them.
Communication within the company must be excellent, direct and clear. Otherwise, phenomena such as conflict or role ambiguity can have a negative effect on employee stress and increase their discomfort, which can lead to employee abandonment.
10. Create an ideal working environment
The workplace should be a stimulating place, Where workers feel comfortable. To do this, it is necessary to create an open and honest working environment.
Giving feedback on work done and being prepared to listen to your employees’ concerns is necessary to retain talent. When employees are comfortable, they perform better and the business benefits as well.