Best Practices to Accelerate Talent Transformation
Talent transformation is critical to business growth and development. After all, it’s your responsibility as a business owner to continue evolving and improving in order to meet the demands of the times. Especially as things continue to shift to meet the digital age, your business should be taking the initiative to develop as well. One of the things that you have to venture out on is talent transformation.
Although this effort sounds difficult and overwhelming, it’s not impossible. True enough, 70% of talent transformation projects fail — but only because they were not equipped with the right strategies to overcome it. In this article, we lay down the best practices to help you accelerate talent transformation.
Identify positive ROIs
The most important thing to consider is that your talent transformation will yield great results — ideally, in the form of positive ROIs. Whatever you’re planning to do, make sure that it has a positive effect on your company and will help push you towards our corporate goals. This requires that you have an in-depth and clear understanding of what your talent transformation will yield, what it can do for your business, and the value that you will receive from it.
Answer Why You Need It
Talent transformation requires that every stakeholder is onboard and cooperating, but it can be hard to do that if they don’t understand why it’s needed. You need to clarify the purpose behind your talent transformation and let your employees in on why it needs to happen. Make your business goals and imperatives clear and highlight the benefits of talent transformation in our organization.
Stay updated
The employment scheme is constantly changing, along with the talent market. It’s important that your talent transformation reflects the demands of the modern times and is always in line with new trends and developments in the industry. With the rapid and consistent changes in the market, it’s crucial that your talent can also adapt to change.
Talent transformation is all about flexibility. Be open to new practices such as vacation leaves, work from home setups, flexible day offs, etc. The more open you are to new developments and demands in the talent market, the better you can manage your employees and create processes that benefit both ends of the spectrum.
Create a talent data
Your team should have access to valuable data about the talent market, recruiting process, the performance of employees, as well as information about candidates. With this information up your sleeve, you will be put in a position to make better decisions and procure transformation plans that yield the results that you’re aiming for. Make sure that your talent data is complete, comprehensive, and dependable.
Include technology in your strategy
In the digital age, technology becomes a part of every business effort — including your talent transformation. Make sure that you’re utilizing technologies that align with your goals and meet your objectives. It’s important to note that the technologies that you choose to incorporate will depend on the talent transformation goals that you have — not the other way around.
Some useful technologies to have include a centralized data hub, talent data platform, recruitment marketing software, etc. Speak to your recruitment and HR teams and identify the softwares and technologies that you may need to adapt to reach your corporate objectives.
Talent transformation strategies need to be well laid down, comprehensive, and cohesive. Only then will you truly be successful in your venture. Whether you are aiming to make your talent functions digital, converting your recruitment systems and processes to be more data driven, or revamping your entire hiring model, use these best practices and pave the way to a successful talent transformation effort.