A Critical and Often Overlooked Plan for Your Business

By: Steve Van Remortel, Founder & CEO, MyTalentPlanner

What’s the most crucial plan in your life?

What plan do you have that brings you the most significant ROI? Is it your retirement plan? Health/fitness plan?

What about your business? Is it your marketing and sales plan?

I can say with almost 100% certainty that no plan will bring more ROI to your business than a Talent Plan. That’s because it enables you to proactively solve your number one challenge limiting growth: people issues.

Building Talent Plans–at every level of your organization–equips you to retain, grow, and win the battle for talent.

So, how do you build a Talent Plan? First, pick a point in the future, say three years, and descriptively define where you want your organization to be by that date. We call this your Strategic Vision.

With your vision in mind, answer the eight questions to the right to build the team to achieve your dream.

The companies that are winning the battle for talent are Talent Planning. Those eight questions will help you become proactive with your talent so you can address challenges before they impact the business and adequately invest in your people.

When you focus on growing your people, your business will grow too. That’s why a Talent Plan is the most crucial plan for growing your business.

It’s time to win the talent battle by building Talent Plans in your company!

1.

Strengths of talent/team What are the talent strengths of the Leadership Team?

2.

Talent/Team weaknesses and blind spots What are the weaknesses and blind spots of our team? What are the talent strengths?

5.

Development priorities for each direct report What are the development priorities for each Leadership Team direct report to fill the skillset gaps?

6.

Prioritized promotions and new hires with timeline What are the prioritized promotions and hires with a timeline to achieve our vision?

3.

High potentials we need to retain Who are the high potentials we need to retain?

7.

Succession plans What positions do we need a succession plan for to achieve our vision?

4.

Skill set gaps we need to fill through development or hire What skillset gaps do we need to fill through development or hiring to achieve our vision?

8.

Action plans Document any action plans for your next four-month sprint.