Develop appropriate talent management objectives to measure functional expertise.
Executives and HR management have always been focused on basic talent management-acquiring, hiring and retaining talented employees. In order to drive optimal levels of success, business leaders need engaged, high-performing employees. The key to inciting a workforce to greatness is to align your talent management with company strategy, define consistent leadership criteria across all functional areas, and identify specific competencies (analytical, technical, education, experience) to cultivate for continuing growth. Business leaders who implement the best talent management processes are more prepared than their competitors to compete in the global economy and capitalize quickly on new opportunities. Success comes when companies do more than adapt to long-term trends; they must be able to anticipate and jump on new opportunities before the rest of the market (Collings, et al. 2009).
Align individual goals with corporate strategy. The best talent management plan is closely aligned with the company’s strategic plan and overall business needs. Goal alignment is a powerful management tool that not only clarifies job roles for individual employees, but also demonstrates ongoing value of your employees to the organization. When you engage employees in their work through goal alignment, you create greater employee ownership in your company's ultimate success; they become more committed to your company and achieve higher levels of job performance (Collings, et al. 2009).
Break down information Silos and develop collaboration. To drive success, business leaders must do whatever they can to overcome the organizational silos that prevent the flow of information throughout the organization. For companies to perform faster and with more flexibility, knowledge and experience must be readily