RAPID ALLOCATION OF TALENT
TALENT STRATEGIES
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“ Organisations must understand where their skills gaps lie to plan the training required and deploy identified talent with job rotations , skill enhancement opportunities , training , additional qualifications , leading on special projects , and secondments to aid progression and growth ,” it concludes .
Supporting CIPD ’ s strategy breakdown , McKinsey ’ s report identifies three parts of an effective talent management strategy : rapid allocation of talent , executive team involvement and strategic HR teams .
RAPID ALLOCATION OF TALENT
In the study conducted by McKinsey , just 39 % of respondents believed that their organisation was fast or very fast at reallocating talent . Deployment of talent is a key element of talent strategy , and leads to a 1.4 times greater likelihood of outperformance . McKinsey emphasises that the link between rapid allocation and effective talent management is strong . “ Nearly two thirds of the fast allocators say their talent management efforts have improved overall performance ,
OCTOBER 2020