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Business Need for Talent Pipeline Management

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In April 29, 2016
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The need for talent pipeline management in companies, organizations and government cannot be underestimated. It is required to develop leadership development and comprehensive talent development programs that identifies, retains and propagates crucial knowledge within their organization. There is no second thought on the fact that businesses require better educated workforces in future. Hence, companies methodically prepare and train young workers so that they feel confident taking on future leadership roles within organizations.

The role of talent pipeline management is to make sure that the organization has the right people in place to fulfil all necessary roles. It minimizes the risk to long term future of business or organization by ensuring that there is a pipeline of people with right skills, behaviour and experience to fulfil positions that are of importance.

It is no doubt the backbone of any organization and without efficient employees it is hard to imagine an organization to progress. An extremely vital role of talent management is to provide leadership development training to existing and prospective employees. Talent can be acquired from outside the organization or nurtured from within. Talent pipeline management ensures all potential employees get position that they deserve by providing regular feedbacks and training. Leadership development training can be classifies into three basic categories – formal training, assessment & mentoring, on job training. In order to develop leadership skills on the job, you require employees to take jobs or project assignments that include leadership responsibilities. Employees can learn from colleagues with more experience.

Many organizations prefer their potential employees to receive formal leadership development training and attend leadership programs. The training programs can be conducted in the organization’s own educational facilities, at a university or college, through a computer simulation program managed by human resource companies that play trainer’s role, and even through outsourcing the training to a training agency.

For people who prefer personal approach you can always hire a personal leadership mentor. Personal coaches can provide intensive leadership development training. Usually mentors supervise senior colleagues in an organization who provide guidance about various career related concerns.

The advantage of all practices is that even though companies incur a significant amount on training, it is still economical than hiring a tenured manager from outside the organization. Moreover if internal employees of a company are promoted and trained, they do not take too much time to understand business model of the organization. They are well versed with nature of work the company does. A new hired manager would however take some time to settle in the organization.

Talent pipeline management is more business critical in organizations and bring along new challenges and visibility. Employees are the face of a company’s brand and the most vital asset of your business. They drive the organization’s profitability and productivity. Talent acquisition is an organization’s strategic objective and imperative to its success. There is a change in business management cultures and philosophy due to global alignment. CULTIVA services help develop the pipeline necessary for these skills to be developed in a very proficient way.

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