Talent management strategy template
1 november 2021
Transform your talent programs to create value for your people and your business
In today's business environment, talent management isn't a nice-to-have; it's a requirement. According to research from Bersin & Associates, companies with highly effective talent management strategies, on average, achieve 26 percent higher revenue per employee and 41 percent lower turnover among high-performing employees.* And according to The Hackett Group, companies excelling in talent management can increase earnings by nearly 15 percent.**
Establishing a talent management strategy, and executing it, is not an easy task, but definitely, one that will deliver benefits to both HR and your organization overall.
And while developing and implementing a talent strategy can seem daunting, sticking with an outdated approach to talent management just to avoid change isn't exactly a sound business strategy.
Create a high-performance culture with effective talent management
Unfortunately, many HR groups struggle with formulating a talent management strategy that maps out their goals and priorities for the year and ties these to their organization's strategic plan and goals.
The reasons why are varied, but without a talent management strategy and plan, the results are usually the same: the HR team is not seen as playing a strategic role in their organization by the C-suite, and talent management activities aren't given the organizational importance they should have.
So how do you create a successful talent management strategy that engages employees, improves performance, elevates HR's role in the business, and drives bottom-line results?
How to develop and implement a winning talent management strategy
Often the hardest part in crafting a new approach to talent management is getting started with the right foundation. To help guide you, this template walks you through the steps required to create an effective talent management strategy.
With this template, you'll have a framework for how to map out HR goals and priorities for the year that are linked to your organization's strategic plan and goals. It comes complete with fill-in-the-blank tables and examples so you can use it to draft your own HR talent management strategy.
You'll gain insights into:
- The 6 critical steps of the HR strategic talent management planning process and how to implement them
- How to transform your talent management strategy and connect people development to business success
- Talent management best practices for improving the employee experience while also delivering on business goals
Download the template today to get step-by-step guidance for creating an effective talent management strategy!
* Bersin & Associates, 2009.
** The Hackett Group, 2007.