Decision Toolbox acquired by leader in integrated employee engagement solutions, Engage2Excel.Read the full story.

Talent Management – The dirty truth

Wikipedia: Talent Management (TM) refers to the process of developing and integrating new workers, developing and retaining current workers, and attracting highly skilled workers to work for a company.   The dirty truth: as noble and intuitive as that sounds, many companies do it very poorly.  Why?

1.  Short-term focus:  Stock performance,  executive bonuses and many spending decisions are heavily tied to quarterly earnings.  Money flows first to things that can have an immediate impact on revenue and is cut from programs (like TM) when cash is tight.

2.  Intangible nature:  The benefits of many TM initiatives are harder to quantify than other parts of the business.

3. Lack of loyalty:  Layoffs have caused most employees to feel very expendable.  In turn, employees look for back-up plans and keep their options open.  Which leads to higher turnover.   Companies become less interested in investing in people that will likely leave or be asked to leave in a short period of time.

4. Carrot versus stick employee motivation:  Carrots costs money.  Sticks are free.  It’s also easier to observe what’s wrong and try to correct it, than to praise what’s right and encourage more of it.

HR executives will always have an uphill battle to keep Talent Management initiatives funded by the Execs who run their companies.  Never give up, never surrender!

Did You Enjoy This Article? Sign up for Decision Toolbox’s monthly newsletter: Inside the Box.

Inside the Box will share the secrets of life long happiness….not really, but we will provide you with some great talent acquisition articles and tips that will hopefully make your working life better. You’ll also get the inside scoop on DT.

Leave a Reply

Your email address will not be published. Required fields are marked *

See what our clients are saying…

Believe it or not, we don’t have giant heads. See More Client Quotes

  • " Great process..very professional..speed of search and follow-up from (DT Recruiter) was great. Thanks a lot!! "
  • " Referral is the best compliment I can give which I have done for multiple colleagues and it is my understanding DT is working on additional reqs for us so that is good to hear. "
  • " It was a pleasure working with (DT Recruiter). She was very professional and responded to our needs immediately. "
  • " The entire team at Decision Toolbox has been amazing. I am very impressed with the level of professionalism, the quick response time and follow through as well as the ease of using your on-line tools. (DT Recruiter) has been a pleasure to work with and has done an outstanding job narrowing down the search to give us several candidates that will make our final decision very difficult. "
DecisionToolbox 800-344-2026 info@dtoolbox.com