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By nature, small and medium enterprises have to be more discerning about who will suit their organisation and their approach to talent development must be flexible, agile, and affordable. “Talent” and “Succession Planning” are not just HR buzz words. A clear strategy supported by an efficient system will further develop and drive engagement, build high performance, and result in real financial return
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A publication of
Managing Talent on a Budget:A Guide for SMEs
Photo credit: LendingMemo.com
SMEs experience exhausting challenges when competing for top talent
SMEs experience exhausting challenges when competing for top talent
But what if it could be easier??
The Secret ?
Tommy Brown - Flickr
Develop a CLEAR strategy to drive talent performance…
The tools you need
Best Practices
Nimish Gorgi - Flickr
1. Have a real-time acquisition strategy and plan
Keep ahead of the market by thinking about your operating model, how it aligns to your structure and what the critical roles are. Think about the mix of capabilities at different levels, functions and their industry experience.
This will paint a picture of the talent you want to attract.
2. Make the most of what you have with clever and
targeted performance management
SMEs need to measure performance by linking strategy to their performance plan and business approach. Target a small number of key KPIs with a focus on innovation. While measuring the financial results, it is also important to include a measureable behavioural element.
Failure to include this could negatively impact your culture in the long term
3. Identify critical roles, critical talent and develop individual talent pathways
accordingly
SMEs must be selective about where they invest their dollars. Maximus recommend investing your dollars into automating what can be automated and focusing your investment on critical roles and people.
This will ensure you get the most out of your limited budget.
Free WhitepaperManaging Talent on a Budget:A Guide for SMEs
Photo credit: LendingMemo.com
Download Whitepaper Now
• Discover the benefits of talent management for SMEs
• Learn the easy way to implement these processes today!