Five Star Performance, LLC
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Five Star Performance, LLC

November 20, 2012

www.CoachingAuthority.net

Talent Management - Is The Investment Worth It?

What exactly is "Talent Management" anyway? Millions are spent every year finding good people, yet, sometimes when we find it, we do not always keep it. Talent Management is a process designed to improve the performance of talent and keep it, once you have it.

That all seem simple enough, right? Wrong, it is much more complex than you might suspect. First, everyone knows how expensive it is, just to find the talent, much less grow it and keep it. According to a recent study by Deloitte, every percentage point increase in the turnover rate within the Big Four Accounting Firms costs from $400 - $500 million dollars annually.

Second, talent management is complicated today by the retiring of the Baby Boomers and the emergence of the "Gen Ys." It seems that the Gen Ys are competent enough but they are not as willing to "pay their dues" as the Boomers were. As a result, organizations are scrambling to adjust everything from compensation to career development.

Third, the cumulative knowledge is said to be doubling every 2 days. That means that the value of a college education declines rapidly, if measured by what you need to know to be current in your field. A 50 year old, with a degree in electrical engineering, who did not engage in updating their knowledge on a regular basis, might as well have a Psychology degree.

Fourth, the development of new leaders with new and current skills directed toward a new generation and a new agenda. Understanding the behaviors & motivators of your employees & co-workers and adapting to the ever-changing environment.

Fifth, as a result of a world of accelerating change, tremendous skill gaps develop quickly and widen rapidly. The delivery of new tools in a package designed for a new generation with updated instruction manuals will be a challenging task if we are to keep up.

Should your organization invest in Talent Management? Only if you want it to be around 5years from now. Just a few short years ago the Hackett Group, studied many of the top performing organizations in the world and found that those companies that excelled in talent management posted earnings 15 percent higher than those who managed talent poorly. Today, with the cost of finding talent escalating, it is even more important to have a structured talent management process in place. Organizations are beginning to see the ROI in talent management as a legitimate strategy for more than survival. t

By Stephen J. Blakesley, Managing Patner, GMS Talent LP. Copyright protected

Case Study - Innermetrix Leadership Assessment

 

When people expand their focus on the possible, they begin to seek new and better ways of doing things. They realize they have the capacity to shape their lives rather than accept things as they are. Leadership is the norm, not the exception.

 

"This past year I was at a cross roads in my career and was trying to determine which direction to go.  The  Innermetrix Leadership Assessment gave me incredible insight into how I make decisions, my motivational style and my behavioral style.  I was able to clearly see my natural talents and key motivators.   Based on the Assessment, I took a step I had been thinking about for years but had been afraid to do.  I launched my own business.   I knew, based on what I learned from the Assessment that I could succeed." 

  ~ Satisfied Client  


To reach optimal performance you must understand WHAT natural leadership talents you possess, WHY you are motivated to use them, and HOW you prefer to use them. By understanding the way in which we think, it becomes possible to leverage that knowledge, to make better decisions, maximize strengths, minimize weaknesses, and achieve great success in whatever we do.

What's your leadership style?

Contact The Coaching Authority today for a **complimentary** Innermetrix Leadership Assessment.

 Five Star Performance is a business improvement consulting and executive coaching practice (a.k.a. The Coaching Authority) which focuses on helping individuals develop plans to balance the profit motives of the business with the personal motives of employee's lives. http://coachingauthority.wordpress.com/

At Five Star Performance we help organizations get quick results and build a long-term competitive advantage.  Through a combination of learning techniques and practice tools, educational sessions will assist participants in the development of vital leadership skills on both personal and professional level.

Patrick Frazier, the Coaching Authority, is based out of Granger, IN specializing in meeting the needs of professionals in the Heath Care and Manufacturing industries. 

To learn more about how the Coaching Authority can help you and your organization, visit our web-site at http://coachingauthority.net/

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Want To Make Your Company More Successful? 

 

Creativity is the key to keeping a business flourishing. And while creativity will help your business grow stronger, there are other tools and opportunities businesses should use to their advantage.

Here are some quick tips:

Make your business appear bigger than it may be. You might not have a huge warehouse or dozens of employees, but you can still give your business the professional appearance of one 10 times your size. First impressions are important. Start branding. Design a great logo for your company and put that logo on all of your media. Have a company newsletter with information that focuses on the reader. Utilize your Web site and blog, and see if you can get them linked to your community's Chamber of Commerce or city Web site. Join social networking sites like Facebook and LinkedIn to broaden your network of people.

Focus on your X Factor. Recognize what you do and why you do it, and then research your competition. When you discover the factor that makes your business better and different from the competition, learn how to focus and multiply that "X Factor" to achieve success. t

~ Copyright protected worldwide. Gary Sorrell - Marketing & branding expert  

 

  
 
 

 

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