Talent management - part 3 (talent planning)

Talent planning goes by the formula which is called A.C.E. A.C.E is being defined into 3 categories. A stands for alignment of business strategies and the needs of the people in the organization. C stands for creating the capabilities to develop talents and  E stands for engaging employees to stretch and excel.

There is a framework for talent planning which consists of coaching where you can use the intentional change theory, development based performance management more likely to be your normal KPIs and appraisals at work , application of strategic competencies in recruiting where you use the job descriptions to help you recruit the best employees to your organization, leadership development where you tend to identify and retain your star performers in the organization, implementation of skills and competency based workforce planning that is championed by the management in order to achieve the current and strategic business goals.

Factors that will help to optimize the talent planning are :

• Using the talent life cycle to link to business and people strategy
• Ensuring the alignment of the business strategy and people needs, creatping the capbilities to develop talents and engaging the employess to stretch and excel.
• Getting the committment from the leadership to influences the adoption of the ACE formula and also be able to handle the issues at large with closure.
• Optimise talents with better people measures to identify talent reservoir
• There must be a holistic talent management system that is being build.
• Having a career progression plan in mind for the staff will encourage them to perform better.

For further read ups, you may want to look into this book which is the talent management handbook by Lance A. Berger.