Developing Your Organization’s Talent Management Capabilities

Across industries, sectors, and organization sizes, recent industry trends and robust research findings provide compelling evidence for the strong impact of talent development and succession planning practices on business performance outcomes. Despite the strong business case for developing talent management practices, an alarming majority of organizations across industries have failed to develop internal capabilities for the inevitable succession of executive talent. Undeniably, the costs of neglecting to prepare for transitions in executive roles are incredibly high, as research estimates that poor or non-existent succession planning cost public companies $112 billion in market value. To effectively prepare for the unprecedented departure of leadership talent while aligning people development practices in an uncertain business environment, organizations across industries must develop talent management capabilities—the talent management and succession planning practices that enhance bench strength in critical leadership positions, ensure smooth transitions in executive roles, and cultivate leadership talent across the organization. Growing research indicates that organizations across industries are now reaping the benefits of proactively investing in the development of talent management capabilities.
Drawing on robust research findings, including national benchmarking surveys, case studies of exemplary organizations, and consulting engagements, this course presents a series of evidence-based strategies for developing talent and sustaining leadership continuity. As part of the course, you will have an opportunity to evaluate your organization’s talent management capabilities via a nationally-validated assessment tool, and craft a development plan that leverages both strengths and development opportunities. The evidence-based talent management strategies and practices addressed in this course include talent review practices, high-potential leadership assessment and development, top management team engagement strategies, selection and onboarding practices, role-based leadership development, talent management ROI practices, and practical strategies for cultivating a leadership development culture.