Article: How talent management drives organisational success

Talent Management

How talent management drives organisational success

As Jack Welch wisely said, "Talent management deserves as much focus as financial capital management."
How talent management drives organisational success
 

The message is clear: as the world of work rapidly evolves, talent management must adapt to keep up.

 

Talent management has transformed from its traditional role of merely placing people in jobs into a strategic driver of organisational success. Today, it shapes culture, nurtures engagement, and drives growth.

More than ever, companies are realising that effective talent management provides a competitive edge by fostering an agile and motivated workforce. Let's explore some critical elements:

Building emotional connections to the company’s mission

Employees today are seeking more than just a pay cheque, they want to connect to a higher purpose. Companies that align their talent strategies with a meaningful mission, whether focused on sustainability, social responsibility, or another larger cause, can foster deeper emotional connections with their workforce.

This alignment transforms everyday work into a contribution towards something greater, cultivating loyalty and pride. Any organisation can achieve this, but it requires a significant investment of time, effort, resources, clear communication, and strong alignment across functions.

Focus on continuous learning and upskilling

It's widely acknowledged that upskilling is essential for staying competitive. However, learning must be seamlessly woven into daily work routines, making it easy for employees to pick up and practise. Organisations should also foster a culture that prioritises learning, encourages innovation, and provides the psychological safety necessary for employees to experiment and learn from failures.

Hyper-personalised employee experiences

With advancements in AI and data analytics, organisations can now offer personalised employee experiences. Experiences tailored to individual career aspirations and development needs. A robust talent intelligence strategy, focusing on key skill sets and assessing employee motivation regularly, is crucial for shaping these personalised experiences.

Also Read: Viktor Frankl and the search for meaning

Talent management in action: A sustainability journey

As a case study, Schneider Electric provides a compelling example of how talent management and learning drove deep, meaningful transformation in embedding sustainability into the DNA of the organisation.

Sustainability was not just another initiative for Schneider, it was a critical business focus area. Sabih, Director of Learning Solutions, Talent Management & OD at Schneider Electric, shares insights from this process. He explains that while there was initial scepticism, true transformation occurred when employees fully understood as well as appreciated the significance of sustainability as a business prerogative.

Contextual understanding: Appreciation and action

The first step was ensuring that employees not only understood but also appreciated the urgency of the global climate crisis and the company’s role in addressing it. Leaders broke down complex environmental goals into simple, relatable messages, linking each employee’s work to these broader objectives.

This approach gave employees a strong sense of purpose, aligning their contributions with the company’s sustainability efforts. By anchoring this appreciation, the organisation fostered a shared belief: "I work for a company that is solving critical global issues, and in doing so, I am growing and developing myself too”.

Infrastructure for change: The systems and support

Deep transformation requires a strong infrastructure and leadership commitment. HR leaders, talent strategists, and business heads collaborated to allocate resources, define processes, and set measurable success metrics to ensure sustainability was embedded throughout the organisation.

A dedicated team was formed to lead sustainability initiatives, not only advancing business objectives but also working closely with departments such as sales, IT, product development, and HR. This cross-functional approach was vital in making sustainability more than just a goal, it became a mindset integrated into daily operations.

Embedding new mindsets: Sustainability as second nature

Recognising that change often encounters inertia, the team developed a comprehensive value framework to clearly define behaviours aligned with sustainability goals. This framework was embedded in all people processes, recruitment, onboarding, performance evaluations, learning, and rewards. Digitisation further streamlined these processes, making the transformation scalable.

According to Sabih, the real challenge wasn’t developing training programmes or finding the right talent, but embedding this new mindset into the very fabric of the organisation. This required relentless effort and a deeply integrated approach. He also acknowledged that, despite significant progress, much remains to be done. The organisation has set ambitious goals, including achieving net zero across all sites by 2030, and they are working tirelessly to reach these targets.

Future-focused leadership: The HR mindset

While a strong organisational infrastructure is critical, having the right leadership mindset, particularly within people functions, is equally essential. According to Sabih, leaders must embrace three key orientations to effectively guide the organisation through transformation.

Curiosity comes first. It fuels the exploration of new possibilities and helps leaders uncover valuable resources both inside and outside the organisation.

Collaboration builds on this curiosity, allowing leaders to connect these resources and leverage the strengths of people, technology, and expertise to tackle complex challenges.

Lastly, asking for help transforms curiosity and collaboration into meaningful action. It ensures leaders and teams work together seamlessly to foster growth, drive innovation, and sustain long-term transformation.

The message is clear, as the world of work rapidly evolves, talent management must adapt to keep up. The future of talent management lies in anticipating key business priorities and crafting a personalised strategy that drives success. Talent management and business leaders must work closely together to achieve this.

As Jack Welch wisely said, "Talent management deserves as much focus as financial capital management." As the only way to navigate the challenges of the future is by focusing on people.

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Topics: Talent Management, #EmployeeExperience, #SustainabilityForPeople

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