The right talent management strategy can go a long way in achieving organizational success. This is as per a study conducted by the McKinsey Global Survey. The returns to shareholders tend uniformly to be higher among such companies with the best of practices. Three practices have been identified that will set this right. To start off, the talent available within the firm needs to be allocated rapidly to their respective stations. This avoids any sense of confusion or ambiguity. The human resources department has to be actively involved in the overall employee experience, while at the firm. In this way, talent gets linked to value. And the last driver would be the assortment of strategic HR teams to oversee this development at different levels. The HR actively needs to be involved in the company strategy.

Source:https://www.mckinsey.com/business-functions/organization/our-insights/winning-with-your-talent-management-strategy

Uploaded Date:16 February 2019