Problem

• Lack of leadership preparation support; lack of job satisfaction; many other problems depending on the scope of talent management programme

Solution

• Motivate by talent management (philosophy with broad solutions)

What can be done

• Talent management is a strategic and broad approach requiring leaders to have a mindset –belief that competitive advantage lies in having superior talent and it is their job to manage it effectively. It is a long term commitment including and beyond HR support to find the best processes and systems to manage the talent pipeline (attract retain, develop and promote)‏
• Companies have very different scopes and applications under talent management [refer to related templates for these best practices]:
  
• A brand with efficient recruiting process, proper use of technology, identifying most productive sourcing channels, comprehensive hiring forecast, understanding A,B,C players, resource planning and deployment, performance management, outsourcing, succession and career planning, mentoring and coaching etc.
  
• In diversity context, talent management programs are being applied:
  
• Either for all employees (men/ women; best/ all talent), making sure and strongly encouraging women are included
  
• Or specifically for women
  
• Point to the money: Losing talented employees and wasting talent costs companies money