What Is Talent Management?

In today’s day and age, there are countless approaches to finding, persuading, and recruiting the top talent. But how does your business fair in retaining your most valuable workers? At the NeuroLeadership Institute, we’ve made talent management a fine science and help you find and retain the best talent in your industry.

Talent management refers to the practice of acquiring, nurturing, and retaining top talent in your company culture by incorporating DE&I measures. From nurturing talent through performance management to retaining talent by building an inclusive and diverse culture, there are many measures you can take to successfully develop your company’s talent management.

3 Steps to a Talent Management Strategy

At the NeuroLeadership Institute, we’ve identified these three main steps to developing a talent management strategy:

1. Select candidates by following a defined process: Our SELECT program helps you refine your interviewing process and embrace evidence when reviewing resumes. With SELECT, you can challenge your decision-making during selection and curate a culture that nurtures employee growth from the beginning of their journey.

2. Create a culture that nurtures employee growth: The NeuroLeadership Institute’s INCLUDE, ALLY, VOICE, and GROW initiatives help you develop diverse teams that increase workplace performance and productivity. By creating a more inclusive workplace, you can form a more versatile team, improve employee retention, and stop the revolving door of talent.

3. Retain talent with effective performance management: Performance management is the key to creating an inspiring corporate culture of constant growth and development. With IMPROVE and DIFFERENTIATE, you can create a culture that values feedback and is committed to fair and accurate evaluations. Our CONNECT and DEVELOP tools enable your team to have quality conversations and encourage employees to be their best.

How to Recognize and Retain Top Talent in the Workplace

Every day, the co-workers and managers we interact with either uplift us or cause us to withdraw. At the NeuroLeadership Institute, we inspire people to maximize their engagement and create the kind of workplace that retains top talent with our SCARF® model:

  • Status: When employees share their successful work and fruitful ideas, they want status for their contributions and credit for their work.
  • Certainty: Creating clear roles and responsibilities is the best way to gift your employees with certainty and keep expectations straightforward.
  • Autonomy: Your employees should feel a sense of independence and control over the work they do. Creating a workforce with a good grasp of autonomy shows you trust your employees to get their jobs done.
  • Relatedness: All employees want to feel like they belong to an “in-group.” Show your team you’re all in it together by using collective language.
  • Fairness: Equity is a vital component to creating a workplace where everybody feels included and respected. Always promote fairness with transparency to ensure your employees have the full picture.

Partner With NLI to Develop Your Talent Management Strategy

At the NeuroLeadership Institute, we’ve spent our careers refining products that help you find, recruit, and retain the best talent in your industry. Contact us online today to learn more about how we can help your organization understand the importance of talent management.