This Article is About
human resource departments
management job
business leaders
5 Useful Tips For Ceo's To Ensure Talent Management
Join 1000's of Authors at StreetArticles Today!

5 Useful Tips for Ceo\'s to Ensure Talent Management

The term "talent management" refers to the endeavors of an entrepreneur to attract, appoint and motivate employees for a long term association with the company.

Though talent management is considered mainly an HR management job, the involvement and commitment of the CEO and top management are equally important.

The people at the top of hierarchy should address the needs of employees through flexible corporate policies, investing in their future by fair performance based promotions, and caring for their families by providing insurance covers and other benefits.

Let’s discuss some useful tips for the CEO to ensure effective talent management.

1. Help employees recognize their role-

The CEO’s role is significant when it comes to enriching and retaining employees. The CEO can set the tone early by working on the development of employees in terms of skills and knowledge and helping them realize their role in the organization.

He ensures there is a proper system channelizing employee skills effectively and for recognizing and appreciating the good work.

2. Involve yourself in talent development-

Business leaders should develop one comprehensive strategy to hire great talents and nurture them to ensure their long term associations with the company.

They should also participate actively in the development of talent. Talent development programs should integrate both theory and practice that includes coaching and mentoring activity.

The strategy for talent management needs to be developed and driven from the top. CEOs and others at the top should supervise these strategies rather than delegating it to Human Resource departments.

HR department, in turn, should be made responsible for the successful implementation of the strategies.

3. Recognize and reward the talent potential-

You should promote internal talent for bigger role and responsibility rather than looking outside for the same.

There should be a system to regularly scan the skills, knowledge and talents of employees, and identifying persons with strong performance and leadership potential.

Formal processes, performance evaluations and strategic review of key talent should occur at least annually for identifying top talent. After the review, candidates should be provided with written feedback with their scores in respective categories.

The review system should be transparent in order to avoid any conflict between the employees.

The mode of communication holds key when you award your candidates. When you recognize and reward the deserving employees with incentives, perks, promotions and other awards in front of other employees, it forms a healthy atmosphere for cultivating and nourishing talent.

4. Embed continuous development

Every employee who comes on board expects growth in position. Make sure the deserving candidates get their due. It doesn’t mean you promote every employee who serves the company but don’t ignore the hard work and performance. It may lead to dissatisfaction and increased attrition.

Bringing continuous developments in talent leads to enhanced workforce productivity, quality along with other improvements. Entrepreneurs should realize that growth of the company depends on the regular improvement in competency and skills of its employees.

It is always beneficial for the company to bring continuous improvements in the skills of its staff. Regular trainings and workshops for the employees would be of great help.

5. Consult a CEO peer group-

You can become a member of a CEO group or CEO association to gain more insight into talent management techniques.

Corporate executive coaching is a great platform where you can seek guidance ranging from a starting a new business to exit planning.

Street Talk

No comments present
You May Also Like
Stop Searching In the Local Sunday Classified
Do you still spend Sunday afternoon reading through the classifieds? Do you really think that you will strike gold and get a job somewhere from what they advertise? Newspapers carry hundreds of positions, and each positions can have hundreds of possible candidates. You might as well gamble your money -…
By: Alec Lautenschleger in  Business  >  Careers Employment   Feb 27, 2011  
  Likes: 4

Lean Products for A Successful Manufacturing System
In the modern manufacturing environment, there are a number of issues that are common to most businesses. Many of these issues may be causing problems with your bottom line and your ability to deliver quality product to your customers. You may have even tried productivity systems to try and get…
By: John Robert1 in  Business  >  Strategic Planning   Jun 06, 2016  
  Likes: 1

Brand Ambassador Companies For Better Brand Recognition
Brand ambassador companies have the right staff for your marketing events. Marketing and branding go hand in hand. Without branding, you cannot win a good market share. The key to branding is the influence. You have to influence the mind of the large target market. At events, the staff at…
By: AngelaBrandon in  Business  >  Strategic Planning   May 30, 2016  
  Likes: 1

Lean Kaizen Tours to Japan - A Good Way to Grow Your Lean System
Three Lean Quandaries You have succeeded in implementing a working Lean system, but you are concerned with were to go next. You may have already scheduled which elements of your business you will bring under the Lean Management system next, or have a plan for what advanced Lean methodologies you…
By: John Robert1 in  Business  >  Strategic Planning   May 23, 2016  
  Likes: 1

Keep Your Kaizen Training Up To Date
If you are involved in an organization that has implemented the Lean Management System, you already have a lot going for you. Making the change to Lean requires commitment, endurance and an eye for details. You will have had to: Analyze major and minor elements of operation Removed, reorganized and…
By: John Robert1 in  Business  >  Strategic Planning   May 12, 2016  
  Likes: 0

Moving to Baltimore? American Van Lines is the Company to Help
Baltimore, located in the Central part of Maryland, is the largest independent city in the entire United States. As major cities go, there is a great deal to do in Baltimore; plenty to see and experience. In 2011, even, Baltimore was ranked as the 14th most walkable city in the…
By: Alejandro Perez in  Business  >  Strategic Planning   Dec 22, 2011  
  Likes: 0

Go For the Prize – Set Specific Goals
Goal-setting plays a huge role within your success. We have heard this hundreds of times during success trainings and seminars. Now, Truly Rich Club will again put emphasis on it to ensure that we will consider its significance. It's a common thing that almost everyone set goals since it is…
By: Jay20 in  Business  >  Strategic Planning   Apr 14, 2015  
  Likes: 1

How Telecom Expense Management is Scoping All Over?
Telecommunications Expense Management that is also known as TEM is a procedure with the help of which organizations are able to manage and control their strategic assets i.e., the telecommunication network. Telecom Expense Management comprises of all the processes, technology, policies and the people required for network building. The entire…
By: Umair in  Business  >  Strategic Planning   May 26, 2015  
  Likes: 0

Building Relationships for Success
Whether you have seen it or not, Truly Rich Club had observed that every successful businesses which started small and irrespective of what kind, have one thing in common: their owners have a successful relationship with their consumers along with their suppliers. This may also be your fuel that feeds…
By: Jay20 in  Business  >  Strategic Planning   Apr 20, 2015  
  Likes: 1

Auto Insurance In Frisco Tx: 5 Tips For Driving In Heavy Fog
Hazardous weather can make driving difficult even when your car is in tip-top shape and even if you’re an excellent driver. Accidents – even the ones caused by weather and bad road conditions – can have a negative impact on your auto insurance in Frisco TX. That’s why it’s so…
By: Ellen M. Hahn in  Business  >  Strategic Planning   Dec 10, 2014  
  Likes: 0

What is Telecom Expense Management All About?
Hype is created about the telecom expense management. In the underlined piece of wiring we will be focusing on defining this term and how it is facilitating the companies to maximize their revenues. Overview of the telecommunication expense management: Telecom expense management has acronym i.e. TEM. In very simple words…
By: Umair in  Business  >  Strategic Planning   May 26, 2015  
  Likes: 0

Security Of Oregon Credit Card
Most of the activities you can engage in have turned to the online market for a solution. This happens because this is going to offer many ways to find what you are looking for easier and this is where you will find the tools that will help you manage things…
By: Juanita Olive in  Business  >  Strategic Planning   Apr 18, 2015  
  Likes: 0

The Reliable Vahe Hayrapetian Helps Home Buyers With Mortgage Loans
Buying a home is a complicated affair; you cannot just waltz into a shop to buy property off the shelf. To purchase a home, buyers will often need to take out a mortgage loan to pay for the costs of the real estate. Selecting a loan is not easy, either,…
By: Terrence Wright in  Business  >  Strategic Planning   May 21, 2015  
  Likes: 0

Good Strategies And How to Carry Them Out
I remember clearly watching the near historically correct film, Zulu. It was set in Africa and I was amazed to see how the Zulu generals had fought that final battle in the final scenes that day in January 1879 at Roeksdrift in South Africa. The Zulu generals were positioned high…
By: Brendan Michael Merrick in  Business  >  Strategic Planning   Jan 03, 2015  
  Likes: 1

The Businessll Want to Expusire In My Future T His Business Idea Will Help You to Become A Job Creature Not Ajo B Se
in today s article you will learn with me the business idea which will help you not to look for job s but to create job s hence you will hep your country too , have you ever thought of this , if you havenot , this is your great…
By: mpimbye in  Business  >  Strategic Planning   May 08, 2011  
  Likes: 0

Article Views: 1434    Report this Article