The way you manage and engage your talent plays a huge role in deciding the future of your organization. If you do it in the wrong manner, it might become a hurdle to the success of your business. However, if your talent is nurtured and supervised the right way, your organizations can reach new heights.
In this article, we will discuss the issues that can avert your talent from exploiting its whole potential. And also the means that can be adopted by human resources professionals along with the business leaders to stop such issues from arising.
1. Organizations are not able to hire suitable people
The business environment is constantly changing and has become way more complex, volatile and uncertain than before. It has become essential to hire individuals possessing highly evolved set of skills in order to lead an organization towards success. However, companies are not able to build their talent strategy which is efficient enough to attract as well as develop people who attain the correct attitude along with the aptitude that is required for the sustainable performance of a firm.
This is because organizations nowadays pay more attention to the assessment of present or past performance and give a lot of importance to technical skills. But, as per a research made by Harvard Business Review, seventy percent of the top-performing employees do not possess the critical characteristics required to fulfill their future roles in a successful manner.
Basically, the abilities needed in professionals to lead a successful business are likely to alter quite frequently, so organizations have to hire people who have the capacity to learn new things at a fast pace.
2. Talented employees are not able to grow in their career.
Many talented employees feel that they are being held back due the culture, practices as well as the attitude of the line managers in the organization. They are not able to receive the support required to set goals for their career growth. This why it is essential for talent management practitioners to select and develop the right kind of managers who can help their subordinates in creating a vision along with developing goals for their future career growth.
3. leadership transitions not being fully supported
Despite having the right techniques and procedures for attracting as well as developing candidates, the results of such initiatives are not up to mark. This happens because during the transition process of employees into new as well as more senior positions, they don’t receive the right amount of support.
According to the survey carried out by the CIPD, three-quarters of enterprises are facing major issues in retaining their employees due to which most organizations are investing lots of money in creating efficient talent management strategies and creating more defined career paths in order to improve retention.
So, organizations are required to be much more supportive of their high performing staff members while they transition through the phases of leadership.