Know Your Talent

Here’s a little primer on the different ways leaders can find, develop, and retain their talent. If you understand what your needs are, the easier it is for you to invest in your greatest asset.

Talent Assessment involves evaluating an individual's potential and current skills, knowledge, and abilities to perform a specific job. Assessing current or future employees might include the use of aptitude tests, performance evaluations, 360 feedback, or personality assessments.

Talent Management refers to the systematic approach a company takes to attract, develop, retain, and utilize employees with high potential. This includes attracting and recruiting top talent, providing training and development opportunities, and creating a positive work environment that fosters employee engagement and retention.

Talent Development invests in the growth and progression of employees to help them reach their full potential. This may include providing opportunities for new professional experiences, coaching, mentoring, and skill-building through training and experience. The goal is to help employees acquire new skills and knowledge, and to prepare them for future roles within the company.

In summary, Talent Assessment provides information on an employee's current capabilities, Talent Management encompasses the company's approach to attracting and retaining top talent, and Talent Development focuses on investing in the growth and progression of employees.

For companies that might not be large enough for a dedicated HR Business Partner or those who are growing rapidly, outsourced help can ease hiring bottlenecks, keep your employees engaged and growing, and retain high performers who are ready for promotion.