It's all about making the pieces fit.
Companies spend significant time and resources to develop detailed business strategies and map out their corporate focus for the next five to 10 years. Yet, management often overlooks one critical component: securing the necessary talent to put these strategies into action. The more complex the strategies, the more critical it is to effectively leverage the talent ecosystem.
Effective talent cultivation is a multifaceted process. Companies first need to ensure that they’re optimizing existing talent. They also need to understand the talent supply options that are available in order to fill any gaps necessary to properly support their strategy. They then need to ensure that they have the ability to successfully reach under-tapped and untapped talent pools.
Companies’ human resource teams are best equipped to address all of these issues. They can share crucial insights that can align talent needs with future projections. Therefore, the most efficient approach is to involve HR in the decision-making and strategy-design process. By aligning their business strategies and workforce strategies, companies can find the talent necessary to execute their strategy over the long-term.
How to Build an Aligned Strategy
The strategic-planning process should require an analysis to identify the workforce needs within the organization. Among the questions that should be answered in this process are:
Talent strategy aligned with business strategy is a process beginning with a confirmation by leadership of the strategy itself. A successful, collaborative and integrated business and workforce strategy can be developed, implemented, measured and monitored using the following steps:
Once implemented, an aligned strategy needs to be measured and refined on an ongoing basis. By committing to an aligned business and workforce strategy, companies can exceed the competition and drive the results that they will need for the future.
Anne Edmunds is the regional vice president at ManpowerGroup for Chicago and Minneapolis.