Talent Auditing

The word audit often instils dread to anyone who hears it.

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Associated with finding issues, auditing is normally not high on everyone’s favourite things to do. However, auditing is an essential part of any business allowing them to fine-tune and improve areas of weakness.

So how does this apply to talent?

What is Talent Auditing?

Talent auditing is a process which allows a company to clearly map out and see the breadth of skillset and abilities of its employees. By analysing and recording specifics of each employee, you can build a database that can be referred to when making critical business decisions.

What is the purpose Talent Auditing?

By producing an overall picture of the employees and what skills they bring to each department, as a company you can identify areas of weakness and potential growth. By obtaining new data from this audit, you can use this information to make any changes to align with your business strategy or operational plan.

Talent Auditing helps with correct recruitment

Hiring can be made more effective from carrying out a Talent Audit. By pinpointing any gaps in knowledge or where maximum capacity has been reached, you can then ensure any hires made are to resolve these issues.

Why should I carry out a Talent Audit?

There are many positive reasons why you should carry out a Talent Audit, all of which can impact your long-term business plan. Key reasons include:

Be ahead of the game

By Talent Auditing you can react to any industry changes in the present or future.

Integral to restructure

Ultimately, most companies undergo a restructure at one time or another. From merging to changing of ownership, having a clear picture of the makeup of your company, makes any changes that bit easier.

Progression pathway

By outlining the company roles and the skills which make up the roles, by sharing this with your employees, you can provide a clear pathway for internal progression. This means that by sharing what is required for promotion, you are more likely to retain successful talent.