Effective tool to keep human capital
Deloitte developed a global methodology: Deploy – Develop – Connect model enables companies to design a strategy and policies of talent management in a way that skilled employees are actively integrated and thus retained in the company.
Why to consider talent management?
- Your company is expecting a significant growth in number of employees or is planning an acquisition for which you will need a great number of skilled employees
- Reorganization plans
- Identification of key talent and talent management plans regarding business goals have not been considered yet
- Difficulties with staffing key positions, lack of skilled people in the job market as well as within the company
- Recruitment is successful, but retention is unsuccessful
- Impossible to find key talents and identify high-potential employees
- Difficult to find balance between retention of employees at their positions and providing development opportunities
- High turnover, especially in the most important high-potential employee segments
- Best practice programs were implemented but approach of employees has not changed
- Customers change over to competition due to their relations with former employees
Benefits of talent management
The main benefit of talent management is in ensuring that your company has: “right people in the right positions in the right time”. This model enables companies effectively execute the firm strategy and perform well. The benefits of the model are as follows:
- Talented employees help companies perform better to fulfill the company goals
- Lower recruitment and retention costs
- Company will become an attractive employer
- Talented and key employees will be retained
- More effective succession planning for key positions and sufficient internal sources for recruitment
- Talented employees will be staffed at suitable positions and their talent will be used effectively
- Losses due to poorly staffed key positions will be minimized