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Step 1 Identify organizational goals and priorities Step 2 Identify organizational drivers and challenges Step 3 Identify gaps Step 4 Define HR goals and priorities Step 5 Inventory talent mgt processes and address gaps Step 6 Devise a program project plan to execute on initiatives Step 7 Measure results and communicate succes es
Step 1  Identify organizational goals and priorities Step 2  Identify organizational drivers and challenges Step 3  Identi...

TALENT MANAGMENT STRATEGY TEMPLATE

 

 

 

1 Organizational Goals and Priorities
 1     Organizational Goals and Priorities
3 Gap Analysis Where organization is today vs where it wants to be in the future List gaps it needs to address to achieve its goals In identifying each gap consider also the risk of not addressing the gap Example If goal is to be 1 in the industry for customer satisfaction identify current customer satisfaction rating and the rating required to rank 1 the industry and identify the gap between these two The risk of not improving customer satisfaction ratings by this degree could include a drop in market share or in sales EXAMPLE Goal Gap Risk Rank 1 in the industry for customer satisfaction Need to increase customer satisfaction rating by 7 points Drop in market share of 13 Drop in market position from 2 to
 3   Gap Analysis Where  organization  is  today vs  where  it  wants  to  be  in  the  future  List  gaps it needs  to ad...
4 Based on above HR Goals for upcoming year or time Based on the goals challenges and gaps identified in 1 3 identify 3 to 5 HR goals for the coming year to support the organization in achieving its goals SMART goals and link to organizational goals When defining your measures of success make sure you include ways to measure both the implementation and effectiveness That is was the initiative executed as planned as well as did the initiative have the desired effect
 4   Based on above     HR Goals for upcoming year or time Based on the goals, challenges and gaps identified in  1     3 ...
EXAMPLE Title Description Due date Measures of success Priority Dependencies Resources Costs Corporate goal supported Coordinate training in customer service competencies for Support organization Source training courses in customer focus communication and analytical thinking for the support organization to help improve individual and overall ratings for these competencies Courses activities must be identified by end of Q2 All courses activities must be offered conducted before end of Q4 Relevant training courses are sourced by end of Q2 Courses are scheduled and held before end of Q4 90 of support staff complete the training by end of Q4 High Budget for training courses needs to be approved before end of Q1 None other than regular HR staff Goal is to not exceed 1000 employee for training Rank 1 in the industry for customer satisfaction
EXAMPLE Title  Description   Due date  Measures of success  Priority  Dependencies  Resources  Costs  Corporate goal  supp...
Title Description Due date Priority Resources Costs
Title  Description  Due date   Priority   Resources  Costs
5 Inventory Talent Management Processes to Support Goals Inventory of current HR talent management processes to determine if you need to make any changes to existing process or add new process to support goals Where gaps or needed changes are identified put plans in place to address them
 5   Inventory Talent Management Processes to Support Goals Inventory of current HR talent management processes to determi...
IN PLACE TALENT MANAGEMENT FUNCTIONS RECRUITING Talent Inventory Reporting Requisition Creation Requisition Approval Job Postings Resume Management Interview Management Candidate Assessment Candidate Selection Offer Creation Offer Approval Offer Extension JOB DESCRIPTION MANAGEMENT Role Specific Job Descriptions Job Codes Assigned for Job Descriptions Job Description Assignment to All Employees Job Description Maintenance Update Process Job Descriptions Linked to Performance Appraisal ON BOARDING On Boarding Program Definition New Hire On Boarding Checklists New Hire Training Requirements New Hire Training Completion Tracking New Hire Goal Creation Assignment New Hire Goal Alignment Probationary New Hire Reviews Progress Reports for New Hires Orientation Compliance Reporting New Hire Survey GOAL MANAGEMENT Organizational Goal Definition Organizational Goal Communication Employee Goal Definition SMART Goals Goal Alignment Goal Progress Status Reporting Organization and Employee Goal Alignment Reporting Development Plans to Address Current Performance Gaps NEED TO ADD NEED TO IMPROVE
IN PLACE  TALENT MANAGEMENT FUNCTIONS RECRUITING Talent Inventory Reporting Requisition Creation Requisition Approval Job ...
DEVELOPMENT Development Plans to Address Professional Development Current Role Development Plans to Address Career Development Future Roles Reporting on Overall Training Requirements Reporting on Development Plan Progress Reporting on Development History and Impact on Performance Reporting on Existence of Development Plans to Address Poor Performance COMPETENCY ASSESSMENT Definition of Organizational Competencies Organizational Competency Assessment Definition of Job Specific Competencies Job Specific Competency Assessment Definition of Leadership Competencies Leadership Competency Assessment Competency Assessments by Others Not Manager Reporting on Competency Ratings Reporting on Competency Gaps Addressing of Competency Gaps PERFORMANCE REVIEW Annual Performance Review Quarterly Performance Review Ongoing Feedback and Coaching Performance Improvement Plans Corrective Action Performance Improvement Plan Progress Reporting Detailed Review Status Reporting On Time Completion Reporting Reporting on Individual Group and Organizational Scores Manager Initiated Employee Initiated Management Leadership Assessment Employee Assessment Report On 360 Feedback Report on Results by Rater Reporting of Results by Relationship Group COMPENSATION MANAGEMENT Pay for Performance Salary Scale Establishment Compensation Budget Allocation Merit Increase Allocations Bonus Criteria Bonus Allocation Stock Option Allocation
DEVELOPMENT Development Plans to Address Professional Development   Current Role  Development Plans to Address Career Deve...
LEARNING AND DEVELOPMENT Learning Catalog Scheduling of Session Based Learning Use Of E Learning Tracking of Scores Pass Fail Certification Management Tracking of Certification Expiries Measurement of Training Effectiveness Competency Gap Reporting Development Needs Plans Reporting Course Attendance Reporting OFF BOARDING Manager Checklist Exit Interview Attrition by Manager Reporting Process Status Reporting Budget Allocation Reporting SUCCESSION PLANNING Identification of High Potentials Identification of Retention Risks Assessment of Workforce Potential Identification of Needed Talent Pools
LEARNING AND DEVELOPMENT Learning Catalog Scheduling of Session Based Learning Use Of E  Learning Tracking of Scores, Pass...
6 Introduce a Project Plan see spreadsheet
 6 - Introduce a Project Plan  see spreadsheet
7 Measure Goal Results With your HR goals and priorities in place it s important to assess and measure their effectiveness and communicate the results to the organization As you work on achieving each goal make sure you track relevant metrics so you can report on progress and success or take corrective action as needed This is important to help you determine if the goal or associated initiative was effective and is worth retaining Again make sure you measure both the implementation and effectiveness That is was the initiative executed as planned as well as did the initiative have the desired effect For each HR goal define the methods you will use to communicate results EXAMPLE HR goal Coordinate training in customer service competencies for Support organization HR goal 1 2 3 4 Results Relevant course identification Audience Method All managers in Email customer support VP of operations Frequency Monthly update Schedule and conduct courses before the end of Q4 Monthly communication re course schedule availability Customer support staff completion of required courses on customer service competencies Quarterly update of course completion rates by staff
 7   Measure Goal Results With your HR goals and priorities in place, it   s important to assess and measure their  effect...
Conclusion With talent management best practices in place we can build a world class workforce that is aligned inspired and delivering exceptional results and most importantly helping the organization achieve strategic goals
Conclusion With talent management best practices in place, we can build a world  class workforce that  is aligned, inspire...