Trends in Talent Management

August 10, 2015 Brian Beattie

In order to secure and retain top talent, organizations need to enforce effective talent management practices. Here are the top 4 talent management trends we've seen in 2015 thus far:

Trend #1: Building Strong Talent Pools

Despite the overwhelming amount of eligible candidates for each job, businesses are finding it increasingly difficult to find the “right” employees. Whether the issue stems from inexperience, or skill gaps, securing top performers has become a daunting challenge.

Many businesses recognize that they can only scale as fast as their internal resources allow them to, and thus, investing time and effort in building strong talent pools has become a natural practice. For many businesses, this practice has instilled a talent management mindset into their organization. This mindset offers a progressive and forward looking lens that empowers leaders to source and secure top performers from a range of channels.

Trend #2: Reviving HR Resources

Just as every business is looking to secure top performers, top performers are also looking to secure the best job at a top performing company. Today, businesses are devoting copious amounts of time to building out HR resources such as captivating career sites and enticing HR content. These resources allow companies to spotlight their unique corporate cultures, value propositions and perks. Not only do these resources give businesses a refined presence in the job market, they also lend themselves as tools during the hiring process.

Trend #3: Investing in Existing Talent Pools 

Building a strong team is far more than getting the right talent inside of your business. After securing a strong set of internal resources, businesses are investing more time and money in their employee’s professional development. Investing in existing talent’s careers and skills is something that both the employee and the employer can benefit from. Sending your employees to conferences, workshops and certification programs allows them to refresh their skills and maintain a strong performance.

Trend #4: Fusing Skill Gaps

Skill gaps between employees are inevitable. Depending on when an employee graduated, what certifications they have and what programs they interact with affects how they execute their function. Naturally, these performance deviations lead to gaps between individuals and teams.

Rather than letting these gaps pronounce themselves at the most inopportune time, businesses are working to fuse them early on. Encouraging employees to collaborate allows them to sharpen their skills through the sharing of knowledge and resources. Not only does this strengthen existing talent pools, it also fosters a culture of learning within the organization.

Your Turn

What talent management trends has your company noticed? Share them with us in the comments section below!

About the Author

Brian Beattie

Brian Beattie is the Chief Financial Officer at Volaris Group. Besides overseeing the financial health of the company, he works closely with Volaris’ legal and M&A team on all new acquisitions. Brian is an expert on every stage of the M&A process – from sending out the non-disclosure agreement to executing the sales purchase agreement.

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