Performance Management, Supercharged
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An "A Player" is a top performer that has measurable impact on your business and whose traits and competencies are desirable in being applied to the hiring and talent management process. Simply said, an A Player has the DNA you want to replicate to create organizational success. In most cases, companies believe that hiring A Players comes few and far in between, and that this top talent will only be a small minority of their workforce.
But what if that isn’t true? What if you can build, coach and train even more A Players in your organization? What if everyone could contribute at a higher level than they do today? If they could, for example, your B Players would morph into A Players and your C Players would start to grow into B Players. Let’s take a look at how this is possible, what factors you need to make it happen and the tools you’ll need to make your A Player plan, a reality.
What if you could morph B players into A players and C players into B players? You can, like this:
First you need to identify your talent. You may feel like it's easy to identify your company's top talent, but it’s important to map out who your A, B and C Players are before moving forward. One of the simplest ways to do this is to develop competencies based on their roles, goals, and the company culture. After all, it’s tough to be competent in your job if no one has painted a picture of what makes a person successful in your role. For those who are already A Players, build profiles based on their performance, competencies, skills and personality traits in order to create new sourcing profiles and to build paths from B Player to A, C Player to B.
Your competency models are the next step in understanding your talent. Setting and aligning goals throughout the company, its departments, teams and finally, individuals, is the first step to ensuring your employees are set up for success. Assigning and aligning these goals will show employees how they contribute to the success of the organization and increase engagement. To further increase retention and know what motivates your employees, you should also help your team build personal career goals into their plan.
Knowing what motivates your top talent is important, but it isn’t enough. Companies need the correct systems and processes in place to recruit, motivate, grow and retain A Players. When implementing these best practices to systems and processes, you are working towards Talent Success™.
Take a look at these 3 major benefits of competency-based management.
How Process Drives Talent Success™
You create Talent Success™ by consistently deploying more A Players against your company's goals than your competitors. Doing so involves a framework that enables HR and Talent Management to align and benchmark their organizations' talent to power the company's mission, vision and goals. There are nine foundational areas of Talent Management:
- Mission and Vision
- Sourcing
- Recruiting
- Onboarding
- Performance Management
- Goals and Alignment
- Engagement
- Workforce Planning
- Learning Management
To properly align your organization's talent, mind these 9 foundational areas of Talent Management:
The key to reaching Talent Success™ is that organizations work to apply best practices and improve their HR processes in each of these areas. ClearCompany's Talent Management platform helps you manage each of these steps to improve and optimize your processes.
The Talent Success™ Maturity Model
There are many talent management solutions on the market that don’t integrate their solutions or silo them into laborious processes. Here at ClearCompany, we promote transparency and collaboration that allows recruiters, onboarding coordinators, performance admins and hiring managers to access shared data across a unified platform. In order to do this, we have created a 3-stage approach in building Talent Success™ and incorporated best practices along the way.
Learn how you can create Talent Success™ within your organization here.
People are your single largest investment. Hiring A Players can lead your company to produce 400% more productivity compared to average hires, however, managers have only a 50% success rate in hiring and retaining this top talent. Using ClearCompany's online recruitment software you are able to create a cycle of continuous talent improvement. Talent Success™ leads to an increased ROI on not only your HR software, but your employees.
Managers only have a 50% success rate in retaining A players. This is true Talent Management:
If you would like to learn these best practices from top HR experts in person, join us for our Talent Success Conference in Boston this September!
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