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From the Kairos Technologies Employee Engagement Success Series
Now more than ever, it’s important to have employees that are fully engaged with your company and where it is going. Having engaged employees protects your company by ensuring your most talented people stick around and are continually improving their performance as the market demands.
As is often the case, employees and employers can have different views of company initiatives like implementing a talent management solution. While companies see it as a great opportunity to prepare for the future, it’s possible that your employees may not immediately see how it can benefit them. When not met with a good attitude, engagement can be extremely low.
Getting on the Same Page
Georgetown University’s Center on Education and the Workforce concluded that there will be a shortage of 5 million workers by 2020. That’s just around the corner! If it hasn’t already, it’s time for your company to implement a talent management solution that will focus on engaging your employees and preparing them for a successful career inside your walls. From recruiting to succession planning, it will help you be prepared at every step along the way.
A quality talent management solution will allow you to increase the quantity and quality of your applicants, making sure you have the best talent pool to choose from at all times. No more scrambling for good applicants when a key position suddenly comes open. You’ll also be poised to engage your employees, no matter what stage in their career.
According to Gallup research, engaged employees
can help your company grow profits as much as
three times faster than your competitors.
A talent management solution will also help you prepare for the future by identifying the top talent in your organization and developing them for leadership roles. By aligning their goals with the goals of the company, you enable them to share in the success. With proper succession planning, you’ll no longer have to worry when your most seasoned and talented walk out the door. You’ll have a plan and replacement in place, ready to pick up the ball and keep the wheels turning like they always have. And, throughout, your talent management solution helps you ensure your HR practices are compliant.
Your Talent Management Solution Benefits
It’s important that the solution you implement is a complete one, covering you from hire to retire. Here are areas you should expect to be covered, with a straightforward and easy-to-use system:
Recruitment
Your solution should have processes in place to improve the quality and quantity of your candidates. Job distribution is key to any recruitment strategy to ensure that you are getting your openings in front of the best candidates. Automating candidate communication and management can also help you streamline your process and eliminate the headaches of tracking multiple candidates and positions. These processes can help you build a robust talent pool to choose from, as well as help you reduce hiring risks and maintain compliance.
Onboarding
Once hired, your talent management solution should enable you to speed up the onboarding process and help you start engaging your employee in your culture immediately. The result will enable your employees to become proficient in their job functions quickly. This will save you time and money while decreasing organizational risk.
Performance Management
Through performance management, you can allow employees to have a significant role in their own career development within the organization. By aligning that development with mutually agreed upon goals and competencies, you not only actively engage employees, but you ensure they are working toward corporate initiatives as well. Giving employees true accountability means your organization can be confident in its ability to compete in an ever-changing marketplace. Your solution should also enable centralized and standardized opportunities for employee review and feedback.
Learning Management
Your talent management solution should include a learning management system (LMS). An LMS can help ensure your employees have all the information they need to be successful and they are aware of those goals of the organization. Using automation will expedite your critical business processes, like onboarding, role-specific training or company-wide mandatory learning. You will also stay compliant by being able to consistently deliver required training and assess comprehension.
An LMS also centralizes all training materials in one location, allowing you to quickly update materials as you need to or even create brand new content quickly. The result is that your content is up-to-date and relevant with little time spent getting it into the hands of your employees. Also with an increasingly mobile learning audience, having the content accessible through employees’ tablets and smartphones makes sure the training is delivered fast.
Succession Planning
Succession planning is critical to create business continuity. By properly identifying the competencies and people needed to keep your company moving forward, you take the guesswork out of planning for growth and sustainability. By leveraging goals, competencies and development plans, you can engage those identified employees in the process and prepare them for a bright future. The organization is also provided with a real-time view of its existing and future talent bench. When both sides are on the same page, you reduce your risk of being caught unprepared.
Sharing Success
Working together doesn’t have to be a difficult journey for your company this year. Kairos technologies is here to help you get on the same page with your employees and start building toward success. Having a complete talent management solution in place will provide you and your employees with benefits and opportunities for years to come.
Whether you’ve never created a talent management program before and need best practices or you’re a seasoned professional who wants to innovate using automation to drive new employee programs, Kairos technologies can help. We’re ready to partner with you for talent management solutions specifically designed to engage your employees for company success.