Talent Development: Why is Talent Development Important?

Talent Development is an integrated process in an organization aimed at retaining, attracting, developing, and motivating employees.

Employees serve as an integral part of what the company wants to achieve and envision. Every organization desires to be goal-driven and efficient. Hence, giving the appropriate knowledge, instilling the workplace culture, and honing their skills are the best way to improve every employee. It is the work of every manager through Diversity Talent Development to achieve this. As we discussed before, hiring for diversity is not enough, and you need to develop them.

What is Talent Development?

Talent Development is an integrated process in an organization aimed at retaining, attracting, developing, and motivating employees. It is formed by focusing and training your employees regarding the organization’s strategic plans and goals.

It also includes creating strategic managers, good customer service providers, skilled technical workers, and even a cohesive team that contributes and put great value to the corporate performance. Its emphasis on every Talent Development is still in the best interest of the organization’s objectives.

What is the importance of Talent Development?

Knowing that its goals are in line with the betterment of the organization, for your employees, they considered it for their skill and career development. The relevance of considering Talent Development as an investment of your organization may shape its trajectory to success in the future. Diversity training is a popular

Retaining the Top Talents in your team

Engaged employees are more likely to remain in the company longer. According to LinkedIn, 94% of employees stay at companies longer if they feel that they are part of the integral process of learning development. Giving value to their talent and recognizing it as something to be improved, let your top employees feel valued by the company.

It gives your employees the employee satisfaction and idea that working in the company is not the dead-end for their career and personal development. It will boost the quality of every work your employees give that molds them to be a better leader and a future of the organization.

It enhances employees’ engagement and motivation.

Demotivated and demoralized employees are always a problem to every team in the organization. It makes them inefficient, less engaged, and more likely to leave the company. Therefore, making sure that every employees’ career is valued, and their needs are met helps them to realign themselves to the interest of the company.

You want to avoid higher error rates and turnover as it isn’t cost-efficient for the company. Remember that 76% and 68% of employees give significance to career opportunities and learning development policies, respectively. Making your employees feel that they are not robots or slaves of the organization will increase efficiency and productivity.

For skills and talent improvement

The curriculum vitae of employees may give you the credentials that g an initial impression of what an employee can offer. However, the real assessment of an employees’ skills is on their actual performance at work. Knowing the skill gap of the employees compared to your desired performance helps in determining the right learning process for an employee.

Providing training, technical or non-technical, closes the skill gap of your employees to their desired performance. It will improve the competencies and lessens the error rate in the workplace. Your employees will have an opportunity for career development, and it will give them confidence at their work.

It results in better customer satisfaction.

The customers are the one who gives life to every company. One bad feedback may become a ripple of another. Thus, you may want to present a more knowledgeable, and skilled staff to every customer you may have.

Maintaining and delivering good customer service may attract and retain customers. 41% of customers are loyal if they notice that staff has a good attitude. Imagine how many will you satisfy and keep if your workforce knows how to handle and provide quality customer service.

It gives career growth and opportunities.

To retain and attract your employees, letting them feel that the organization offers a bright career path and opportunities for them is the way to go. Giving the employees adequate exposure and projects where they can develop their skills supports their advancement.

To sum all the relevance of Talent Development, it focuses on the growth of an employee and career development that helps the company. Knowing this helps the organization to give appropriate needs of the employee while making the organization prosper.

Understanding the Talent Development Management Process

It is the procedure that aims to manage the competencies, abilities, and skills of employees in every organization. It starts with defining the goals of the organization and understanding each priority. It is tailored to develop skills, talents, and attitudes, and show the best in every employee.

What are the features of a good Talent Development Program?

Talent development goes sideways in nurturing both for the needs of the organization and your employee. Knowing this will help in the development of a great talent development plan.

Creating clear objectives and goals

A good plan always starts with developing the objectives and goals. It will give you the direction of what you envision for the organization and the employees. You should identify the needs of the organization and those employees who will be subjected to additional growth.

Learning how to communicate with the employees aside from just depending on the assessment will give them an active role in the learning process.

Nurturing Talent, honing skills

Talent is natural while skills are something that can be developed and enhanced in an individual. Identifying those who are exceptional and those who lack a certain characteristic in their job may help you create a specific plan.

It will help in pinpointing those employees that have the potential for great success with the company and those employees that need improvement. It will make the development plan relevant and beneficial in the long run.

Developed for long-term investment.

An improvement of an employee does not happen overnight. Implementing a program without being mindful of how it will impact in a long run will not be beneficial and a waste of resources for the company. To be able to create an effective development plan, look at the future of things. It should be for the long-term and always forward-moving.

Training, mentoring, or coaching employees do not give an assurance that they will perform better immediately. Continuous assessment of every program and employee after implementing a project is always needed to monitor their growth.

Training for development

Providing relevant training will cater needs of every employee in terms of knowledge, skills, and attitude. It may include technical training for skilled workers and non-technical training that improves the talent, behavior, and outlook of every employee.

Allowing employees to learn makes them feel worthy of the company. Investing in their skills and talents specific for their job helps their career development. It also includes providing tuition reimbursement for those who want to go further studies, which may help them to perform in their job better.

Create a culture for Talent Development.

A good talent development plan has the intention of creating a culture where growth is important in every aspect of the organization. It focuses on the leaders and the executives to influence their subordinates and be an inspiration to everyone. It is about sharing their values and giving opportunities that can be applied in the workplace. Rich culture in talent development can improve the world views and cultural competency of the workplace.

It will enhance morale and motivation knowing that leaders and those on the topmost value learning and making every employee important. Setting a culture for talent development will strengthen the organization for the years to come.

Focusing on Talent development is focusing on employees. Giving importance to learning and career growth or development is essential to their individuality. Develop the best employees you can have and be the best organization there is for the employees. Tips: Improve cultural diversity to create better world views in the workplace.

What is Talent Development?

Talent Development is an integrated process in an organization aimed at retaining, attracting, developing, and motivating employees. It is formed by focusing and training your employees regarding the organization’s strategic plans and goals.

Talent Development

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About the author

Jess Man

Jessica is the Editor-in-Chief and Senior Diversity Advisor at Diversity Social. Jessica has over 10 years of working with and advising employers to be more diverse and create an inclusive working environment.
Jessica's experience spans private and non-profit sectors in multiple industries.
Jessica's expertise experience is beyond Diversity & Inclusion, she is also a certified professional IT recruiter in Data & Analytics, Database administration, Artificial Intelligence area.