The current labor market demands that companies show a better management of their human capital and establish programs that help the development of their collaborators and their integral well-being both professionally and personally, this in order to attract more talent. qualified and keep it; which will help the success and growth of the organization.

It is important that the relationship of the company with the collaborators is reciprocal and they seek to grow together, that there is development and well-being for both, this will enhance the opportunities for evolution. For this, it is essential that the organization seeks to ensure that its human capital is constantly growing and improving its capabilities as well as offering opportunities for advancement in their career and skills.

5 best practices in human talent management

At PeopleNext we recognize that human capital is one of your main strengths through which you can achieve great competitive advantages and face the demands of the current market. We share 5 practices in human resource management that large companies such as those mentioned in Fortune magazine are implementing to maximize the potential of their employees and achieve their business goals.

1. Develop the human talent of the company

One of the most important key factors in human talent management is the approach that large companies such as GE are taking to seek to develop the employees that the company already has. For this, it is essential that you design career plans and succession plans that will allow your team to have a map of professional possibilities in which they can see how they can progress in the company, climbing hierarchical positions or accessing different opportunities

Likewise, it is essential that you strengthen their skills or provide them with the tools they require through learning and training plans as well as coaching programs that help them obtain the skills they need to continue growing.

2. Strengthen and share the organizational culture

Organizational culture is made up of critical elements in companies such as mission, vision, values ​​and business philosophy. This represents the way in which the activities and values ​​that govern the conduct of the people who work in the company are carried out in the organization.

In successful companies, leaders share the mission and vision with the entire team, seeking to identify and promote employee commitment to the ideals of the company. It is important since when the members of the organization know the reason why the company exists, the goals they want to achieve and how their contribution helps, both individual and collective effort are promoted.

3. Recruit, develop and retain key talents

It all starts with the proper selection of your human resources. The attraction, development and retention of your human capital must be part of the organizational strategy. The basis of effective recruitment is the correct planning of the company’s personnel needs, the competencies that each person must have according to the job profile and a future vision of the organization’s future needs.

There are visible trends and best practices in recruitment and selection that allow you to carry out this strategic activity more efficiently to obtain better results and ensure that you are integrating the most suitable and compatible candidates into your company.

4. Fairly and objectively evaluate the performance of employees

It is a reality that each of your employees carries out their activities in a different way and that not all of them have the same level of performance and achievement of goals; therefore a practice that is seen more every day in companies is the evaluation and recognition of individual performance based on defined metrics and objectives.

Formally implementing a performance evaluation system in your company will allow you to identify those collaborators who are making an outstanding effort. In the same way, you will have the possibility to identify those skills that your team needs and include them in a development and training plan to make them advance in their career plan.

5. Encourage and motivate employees through compensation plans

Based on the performance evaluation process, a practice that is derived from it and that is currently gaining popularity as a good talent management practice is the implementation of incentive programs and pay for performance or meritocracy through the which your employees can access additional benefits to their remuneration based on their performance and achievement of objectives. This is a way to encourage effort and to keep staff motivated. Likewise, it is a way to encourage competition among the same members of the organization.

Implementing best human talent management practices in your company and making the processes related to it more efficient through technological tools and automation are key factors in achieving a more efficient human resources department and integrally connected to the organizational strategy. It is essential for companies today to adopt new ways of managing and developing human capital to achieve competitive advantages and achieve organizational goals.

GamdAi Media
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Source: RRHH Digital.