In the era of great resignations, the battles of growth are fought in Talent Arena.
So, success in the marketplace is no more about having the latest tech or awesome processes.
How can organizations leverage talent for business growth? What can you do to engage and retain talent?
Here are some key points from the video above:
Millennials and Gen Z make up a significant portion of the workforce and have different expectations.
Traditional performance management practices, such as evaluation based on effort and top-down feedback, etc., are all driven by past performance and highly rating focused.
To manage talent differently, organizations need to shift towards a coaching and feedback-oriented approach that focuses on future development rather than evaluation of the past. This requires reevaluating and redesigning existing practices to align with the changing needs and expectations of the workforce.
A renewed approach should focus on “performance enablement” and creating a “growth mindset.”
Performance enablement focuses on allowing employees to grow from within and providing necessary resources.
A growth mindset, purpose-driven goals, and continuous feedback are crucial for performance enablement.
One of the strategies would be to emphasize CFRs (Conversations, Feedback and Recognition) and the OKR framework. You can download an eBook here.
By leveraging talent through performance enablement, organizations can achieve a unique growth trajectory.
Download eBook on Why OKRs now
If you are interested to know more, you can also contact us at Business.Support@collaborat.com.
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As always, happy to hear your views in the comments.