Why Implement Talent Management?

December 8, 2014 Brian Beattie

Now that we’ve explained the talent management process, you might be wondering why we go through all this effort. Aren’t standard employee evaluations good enough? The answer is no. People are at the centre of every organization. Without them, no business would be able to get off the ground. So we make it a priority to invest the time and energy into our people. It’s a two way relationship with our workforce – the more effort we put into developing them, the more they will be committed to the organization.

We’ve seen some key benefits as a result of implementing talent management in Volaris. To start, we’ve created an environment that uncovers opportunities, risks, and organization gaps. Our chances of overlooking problems and failing to recognize great employees has been significantly lowered. As well we’ve seen tremendous growth from some of our business units because of this process. In turn, this growth has materialized into overall financial growth since we implemented talent management.

What other advantages have we experienced? We’ve been able to turn around underperformers and stop any procrastination that may occur when dealing with low performers all while pushing those with high potential onto the path to success. In addition, succession planning has become a much smoother, effective process. Finally, employee engagement and commitment has increased. When you invest in your employees, they in turn will worker harder and smarter for you.

Remember…

You don’t develop talent overnight; it’s a marathon not a sprint. It may take time for certain gains to be evident so it’s important to make the investment for the long term. Have we convinced you yet to implement talent management? Why might you be hesitant to make this change? Let us know in the comments below or find us on Facebook, Twitter, LinkedIn, and Google+.

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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