Talent Development
A company’s strongest asset … and weakest link. Its employees.
That fact has only become more evident amid the “Great Resignation”1, which has left organizations worldwide struggling to hire and retain the staff they need. This is especially true in areas where skills are in high demand, such as the tech and healthcare industries.
To build a talent pipeline, retain talents, and attract talents, companies must recognize the need to invest in their biggest assets – their employees—through development initiatives that will increase capabilities, increase retention, and grow the bottom line. That’s where talent development comes in.
To build a talent pipeline, retain talents, and attract talents, companies must recognize the need to invest in their biggest assets – their employees—through development initiatives that will increase capabilities, increase retention, and grow the bottom line. That’s where talent development comes in.
Why Is Talent Development Important?
A strong talent development program supports an organization’s overall strategy at numerous levels. It ensures the organization has a strong bench of talent to fulfill key objectives, supports succession planning, increases employee engagement, and even serves as a recruiting tool in the shape of employer value proposition.
These benefits overlap on many levels. According to 2021 Gartner research, 58% of employees will need new skills to successfully do their jobs in the coming years. This makes development essential for organizations and employees alike. Yet at the same time, employers are increasingly facing record-setting rates of job turnover across levels and industries. A recent McKinsey & Company survey found that 40% of employees report being at least somewhat likely to leave their jobs within the next six months. This figure holds true across five continents.
These benefits overlap on many levels. According to 2021 Gartner research, 58% of employees will need new skills to successfully do their jobs in the coming years. This makes development essential for organizations and employees alike. Yet at the same time, employers are increasingly facing record-setting rates of job turnover across levels and industries. A recent McKinsey & Company survey found that 40% of employees report being at least somewhat likely to leave their jobs within the next six months. This figure holds true across five continents.
The number one reason employees leave their jobs? According to Gallup, it’s that they perceive a lack of growth opportunities within their organization. McKinsey supports that conclusion, reporting that an overly transactional workplace and lack of development and advancement opportunities are key drivers of employee turnover. McKinsey says targeted talent development programs can help to counteract that trend.
assessinternational.com has developed a true and tested Talent Development program that can be customized to your organization. The program entails feedback sessions, leadership development, network-building, individual coaching, and development assessment based on psychometrics – all completed in 14 weeks to kick-start the development process with your talents and successors.
assessinternational.com has developed a true and tested Talent Development program that can be customized to your organization. The program entails feedback sessions, leadership development, network-building, individual coaching, and development assessment based on psychometrics – all completed in 14 weeks to kick-start the development process with your talents and successors.
Through engaging with assessinternational.com in your Talent Development process, you will achieve:
- Enhance the eNPS score
- Increase retention rates
- Build and strengthen your pipeline
- Preparing your workforce to face an uncertain future
1: The Great Resignation, also known as the Big Quit and the Great Reshuffle, is an ongoing economic trend in which employees in Western countries, China, and India have voluntarily resigned from their jobs en masse, beginning in early 2021.
