If you are implementing a talent management strategy in your company, then you cannot ignore several other Human Capital functions such as recruitment, training, and performance management. Thus, we cannot immediately jump into creating a sophisticated system for talent management, but ignore other systems such as applicant tracking systems, employee onboarding software, or performance management. If you apply the right talent management strategy, then you will align the above functions which will then have a beneficial impact on your organization.
Performance Management vs. Talent Management
It cannot be denied that people often use the two terms above for the same purpose interchangeably. When in fact, the two terms above have differences in purpose.
Performance management is always related to employee performance which will be measured based on individual goals and KPIs (Key Performance Indicators). In this case, the Performance Management process will always involve both employees and leaders who are key to individual productivity and the ability to meet expectations.
Meanwhile, talent management will cover a broader perspective because it will take into account the business side of people management, which is more directed at driving operational and profit growth.
Thus, a healthy company will be established based on a talent management strategy and performance management as one of the principles that drive it forward. Other related functions required are workforce planning, recruitment, succession planning, learning and development, as well as management structure.
The Importance of Talent Management
The right talent management will bring talent from the time they become applicants to become productive employees and engage with the company. So that you will not be separated from the three functions: recruitment, orientation, and performance management.
Recruitment
It is important that you have a recruiting system that supports the company brand , which manages internal and candidate communications, that organizes information and allows the hiring team to collaborate better.
Don’t forget that most job seekers will consider the company’s brand before submitting an application. That is why the recruitment team is not only tasked with finding a CV, but is also involved in how to maintain the company’s image. Remember that recruiters are a reflection of the company, so it is important to maintain an attitude and maintain good communication with applicants. Today you may not need it, but who knows if in the future you will really need his expertise?
Onboarding
The right orientation will also determine future talents . Therefore, the orientation period will help talents to be able to meet the demands of their work which will have an impact on productivity and reduce turnover. Therefore have a standard orientation process.
Performance Management
Performance management will help employees feel more connected to their work and what their goals are, in addition to increasing transparency and collaboration, increasing the frequency and effectiveness of feedback, and helping drive succession planning.
