A culture that nurtures talent



Finding the right talent is one thing, but retaining it is quite another. That's where culture comes into play
In today's complex and evolved workplace, workplace, talent is the critical driving force behind the success of an organisation.For any company , people are its assets and, if managed correctly , right assets always create lasting value.Just like a technology patent, a proprietary process, or a strong brand, talent is the true asset of an organisation.

As per a study by the World Economic Forum and Deloitte Touche Tohmatsu, there is a worldwide dearth of talent resulting in as much as 10 million jobs in the manufacturing sector unfulfilled. Despite high unemployment rates across the world, shortage of talent and the right skills is an epidemic globally . Finding right talent is only half the problem solved; retaining and nurturing that existing talent is another ballgame altogether. The culture of an organisation therefore, plays an important role in achieving both these objectives. The value of human capital is high for a healthy and profitable organisation. However, it is an organisation's culture that becomes the strategic rope that binds talent together.The culture of an organisation entails a balanced mix of employee-friendly benefits and policies, engagement initiatives, proven career paths, diversity and a lively vibrant environment that fosters fun and creativity . Senior leadership also plays a significant role in being role models. These days, organisations are serious about creating a strong, transparent, collaborative, rewarding and productive work culture that is meaningful to their employees. In times to come, organisations will need to push themselves to find new ways to foster this kind of environment and differentiate themselves from their competitors.

It is not only the culture that reflects the success of talent management in an organisation, but also ensuring that the right people are in the right roles.This requires a strong understanding and accurate assessment of the talent in the organisation, their skills, capabilities, their motivation as well as their developmental needs. Talent needs to be nurtured with a high focus on learning and development; else, there is a danger of disengagement or stagnation. Employees need to be coached to constantly evolve themselves, rediscover their capabilities and take risks with alternative career paths in order to reach career objectives.Employee engagement and high performance are outcomes of a strong alignment between an individual's and the organisation's goals.

The talent teams in organisations have a crucial job to do--not only do they have to build robust and transparent processes around ensuring these talent requirements are met, but they also need to ensure that managers and leaders have equal ownership in the talent agenda.