- Talent Management
Measurable Impact: The Role of Assessment and Evaluation in Talent Management
A comprehensive and valuable talent management strategy doesn’t just rely on attracting and retaining the best employees.
Two of the most important and complex elements of talent management include assessment and evaluation.
Assessment actually begins during the recruiting process, and managers and individuals in charge of hiring look into the background, skills and qualifications of potential employees to find the best fit. In addition to looking at their background, assessment also relies on putting in place methodology to gauge the long-term potential of candidates.
The more advanced and sophisticated the assessment and evaluation tools in the recruitment stage of talent management, the more likely it is employers can determine the potential for long-term success before hiring talent.
Evaluation as Part of Ongoing Development
Unfortunately, in many organizations, forms of regular evaluation may already be in place, but it’s little more than a required exercise, brushed aside once completed.
As part of an in-depth talent management strategy, evaluation is important in terms of not only occurring on a regular basis, but also being used as an opportunity for company managers and leaders to delve into what it is employees need and want for their personal career goals and fulfillment.
Rather than viewing evaluation as a yearly undertaking, many of the world’s top companies with the most forward-thinking talent management strategies are looking to regular and continuous evaluations that allow them to track progress on a more consistent and meaningful scale.
Evaluation can also serve as one of the primary foundation blocks of another important aspect of talent management—succession planning.
Assessment and evaluation allow organizations to streamline their talent management system, identify strengths and weakness among employees, and facilitate their long-term goals more effectively.
April 4, 2016 Ashley Sutphin
We’ve talked about Zappos and their unique approach to talent management and corporate culture in the past, and lately, they’ve been making headlines for another aspect of their employment structure: the implementation of a holacracy.… read more
December 16, 2015 Ashley Sutphin
Foot Locker, a well-known retailer of athletic gear and footwear, has announced it will move toward using predictive analysis to hire employees, particularly as they face limited growth in sales and a high turnover rate.… read more
November 16, 2015 Sherman Morrison
Whenever two companies come together through the merger and acquisition (M&A) process, something many forget to consider are the difficulties that arise when two different company cultures come together. Oddly enough, even though it is this difference of cultures that often leads to M&A failure in delivering expected outcomes, surprisingly little attention is paid to […]… read more
October 23, 2015 Don Weobong
Millennials are undoubtedly the future of the workforce, and employers are always searching for the tools and techniques that are going to allow them to source the best talent from this multi-faceted generation. By 2020 millennials will account for 40 percent of the workforce, making understanding how to not only manage but also how to […]… read more
October 23, 2015 Ashley Sutphin
While the average person may barely even be considering the holidays right now, for businesses that need to hire seasonal employees the time is now.… read more