Improving its talent management
Few organizations are known to be prepared for the future changes in the industry landscape. The same observation is true of top companies where a small number of employees are said to be prepared to fill internal executive and management positions in their organization. In addition, nearly half of these organizations say that they have qualified staff to take on leadership roles effectively. With this scenario, address the following:
What competitive advantage could a skilled HR manager deliver in an organization that is committed to improving its talent management?
How can HR managers collaborate with top management and operations in general to achieve this innovative competitive edge?
Improving its talent management
The primary goal of human resources is to create and sustain a workforce that meets the business needs, an essential goal for any HR department, regardless of the organization`s size. HR can use data to analyze turnover rates and determine where problems may lie, thus allowing the company to more quickly find issues and get them resolved. For example, if the data show that most turnover is from new hires, the team can focus on what problems may be the cause of that. Or if the data show that one group has a higher turnover rate than the rest of the business, focus can be turned there. HR can also help managers source the right talent to get the skills the company needs to grow and be competitive.