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Significance Of Talent Development With the growing economic pressures, the organizations have been forced to adapt new management strategies that focus on enhancing the productivity and performance of the current workforce. The survey sought the opinion of the participants on the issue of talent management with respect to the following three aspects. Skill Development Performance Assessment Employee Training
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Significance Of Talent Development
ďƒ˜ Skill Development : According to the results of the survey, organizations adapting inclusive human capital strategies tend to have a more engaged and motivated workforce. This in turn helps in enhancing the overall performance and growth of the business organization.
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Significance Of Talent Development
ďƒ˜ Employees tend to be more productive when the people management goals form an integral part of the corporate strategy as it helps in creating work environment where every employee is ensured of an equal opportunity for advancement. In addition, such strategies also help in building trust amongst the workforce that their leadership pipeline is healthy and well managed.
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Significance Of Talent Development
ďƒ˜ Performance Assessment : Accessing the performance of the workforce plays a critical role in ensuring the sustained growth of any business organization. According to the survey report, an increasing number of organizations are adapting integrated talent review and measurement programs as opposed to the department specific strategies followed earlier.
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Significance Of Talent Development
ďƒ˜ This point towards the need for universal human capital strategies that can pave the way for identifying potential leaders irrespective of their roles and departments they have been working in. Given the significance of these programs, it is really surprising that only 55% of participants accepted the presence of a strong talent and review strategy while 25% said that their organization did not follow any such plan.
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Significance Of Talent Development
ďƒ˜ Employee Training : Irrespective of the skill set possessed by employees, they need to gain a better understanding of the not only the working of the organization but the role and responsibilities they are expected to handle. Moreover, the constant changes in market strategies and technology also require the workforce to regularly upgrade their skills. That is why organizations carrying out regular training and coaching sessions for their employees tend to have a better market growth..
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Significance Of Talent Development
ďƒ˜ According to the survey reports, the 33% of the top managers admitted to the conduct coaching for new recruits while 23 % said that they conducted training for employees being assigned new positions. 40 % of the participants accepted that they organized training sessions to resolve any issues or weaknesses of their employees while 33% agreed to use training for ongoing development of the workforce. However, 40% also accepted that they did not have any training program in place for the workforce.
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