A company can save a few hundred thousand crowns when not implementing talent management but loses millions of crowns on the other hand. This approach has a very negative impact on company performance and results.
Why do companies need to implement professional talent management?
Professional talent management should support a company's business strategy and therefore also fully support its top management. Implementation should begin with a clear analysis of the competencies and skills that are needed to implement successful business strategy.
Systematic approach to talent management, which focuses on business performance, it also includes recruitment and acquisition strategy, performance management strategy, leadership development and succession strategy, compensation and employee benefits as well as training and development strategy.
Absolute commitment of the CEO and management to implement talent management in a company is the key success factor - that they must invest their time and must participate in key events.
Dipl.Kfm. Jörg Petzold, PhD.
Head of Talent Management Czech Republic and Slovakia, HUDSON