The goal of talent development is to create a high-performance organization where everyone is motivated and supported to achieve a shared vision of success. The way an organization shares feedback and evaluates performance is the heart of talent development.
But traditional performance reviews aren’t working for employees (1 in 5 admit they’d rather call in sick than have one) and nearly 90% of HR leaders are currently reevaluating their approach to performance reviews.
IN 2021, MANY OF YOUR COMPETITORS WILL INVEST IN TALENT DEVELOPMENT SOFTWARE. If you make the right decision, invest in the right software, and if your organization is willing to use it, you can realize five decisive competitive advantages.
Effective talent development:
- Builds your capacity for long-term planning.
- Defends against disruption.
- Sets you up for success in the post-pandemic world of work.
- Is the best way to build a talent pipeline.
- Drives engagement.
As you team is searching for the right software, encourage them to evaluate partners by asking three questions: 1) Will the software make our talent process significantly more efficient? 2) Will it allow for continuous feedback that feels organic and seamless? 3) Does it help get everyone on the same page, so that we’re all working toward agreed-upon, strategic outcomes?
Ready to learn more? Check out 5 Reasons CFOs Invest in Talent Development.