The Talent Management Cycle (Talent Lifecycle)
The Talent Management Cycle
(Talent Lifecycle)
🧭 Key Stages
01. Workforce Planning
Includes matching talent needs with strategic priorities, projecting the future roles, evaluating skills gaps and establishing hiring priority.
02. Attraction & Recruitment
Integrating strategic employee branding and sourcing techniques to ensure the right candidates for not just skill but culture.
03. Selection & Onboarding
Implement systematic hiring practices (interview, tests). Then effectively onboard them with a holistic approach to speed their time-to-productivity and alignment.
04. Learning & Employee Development
Provide career-pathing, coaching & mentoring, training and on-the-job development to support employees' personal success and their ability to be a productive contributor of the firm's future goals.
05. Performance Management
Establish and evaluate performance benchmarks, give feedback often, and reward people for results.
06. Succession Planning & Internal Mobility
Proactively identify and develop potential employees for future leadership positions, encouraging internal mobility and knowledge sharing.
07. Retention & Engagement
Develop an inclusive culture, behind the scenes recognition programs and career paths as well as straightforward channels for collecting feedback that keeps employee retention high halls of residence.
08. Transition & Exit
Continue to conduct exit interviews, knowledge transfer and offboarding; Insights will help revise the cycle.
🎯 Strategic Benefits
- Aligns with the organization to drive agility in workforce planning.
- Increases employee satisfaction and engagement, which helps rewrite the long run for retention and productivity.
- Develops a deep leadership bench, decreasing turbulence during transitions.
- Facilitates evidence- based decisions, analytics driven optimizations and process improvements.
📚 Selected References
- Together
Platform (n.d.) Talent management life cycle: Developing employees at
every stage. [Online] Available at: xobin.comNeobrain+2Together+2Workd
- Workday
Blog (n.d.) Talent management strategy framework. [Online]
Available at: Workday Blog
- Neobrain
(n.d.) The Talent Management Lifecycle: what you need to know.
[Online] Available at: Neobrain
- Tutorialspoint
(n.d.) Talent Management Process. [Online] Available at: TutorialsPoint+1TutorialsPoint+1
- Software
Advice (n.d.) The 6 Stages of the Talent Management Lifecycle.
[Online] Available at: Software Advice+1Software Advice+1
- Xobin
(n.d.) Talent Management Process: 8 Steps to Build Winning Team.
[Online] Available at:xobin.com
- Teamflect
(n.d.) 7 Important Stages of Talent Management Life Cycle. [Online]
Available at: teamflect.com
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