Building the right team of individuals is the best way ensuring longevity when it comes to your successful company. However, strategising talent based on long-term objectives may seem harder than it needs to be. That is where Talent mapping comes in.
What is Talent mapping?
Talent mapping is the process in which retention through career pathing, alongside careful analysis of individual strengths, are categorised, assigning particular skillsets to specific job as a way of planning.
Talent mapping offers a clear view of what roles require which skillsets, as well a clear path of progression. Think of Talent mapping as the blueprint of your company’s ecosystem. You know what pieces fit where, what materials you need and what is missing. This way of planning also allows you to fill gaps that may be overlooked, efficiently streamlining your recruitment process.
Hiring for the future
By building out a map of the company’s future goals, you can more easily see what areas you wish to capitalise on and subsequently, what skillsets you require. If in five years you want to be able to process a set amount of data within a given period of time, you may decide that a year prior, that you will look to hire a Senior Analytics Manager with experience in your industry. By planning for the future, it ensures that you don’t fall behind your competitors who may also be planning to expand in the same way, or rush to hire talent that won’t be beneficial further down the line.
Career paths for achievers
The biggest issue with company growth is losing talent due to lack of progression. If a successful individual feels undervalued or that there isn’t a clear-cut succession of promotion, they may decide to invest their skills in a company that values this. To prevent the likelihood of this happening, it is best to find a solution to the problem. Retention of talent is key therefore, by Talent mapping a career path, individuals know what to expect if they hit their objectives. This transparency between both employer and employee offers a level of security valued by both parties for the future.
Drawbacks of Talent Mapping
Talent Mapping is a continual process, as it should be. It is common sense that a successful business must continue to implement new innovations and strategies to remain at the top against competitors; why do you think Apple continue to release new phone models even though they are valued at over $1 trillion?
This process of continually growing your talent map can take time. However, if you view it as an investment and a part of the work tasks, rather an addition, you will find that in the long run, this way of planning will assist your company growth.