Everything You Need to Know About Total Talent Management
In today’s ever-increasing modern world, hiring and talent acquisition has undergone many changes in recent years in order to keep up with the times.
However, some management strategies designed to oversee this level of employment have remained old-school and completely failing to keep pace. Due to this, companies who haven’t progressed in this area are often at a significant disadvantage, unable to optimize the productivity and effectiveness of a mixed workforce.
And that’s exactly where the principles of Total Talent Management need to come in.
What exactly is Total Talent Management?
Total Talent Management is defined as a progressive strategy involving a third-party partner, specifically designed to better manage a workforce of both contingent and permanent employees. All hiring procedures are combined, providing a deeply interconnected view of the entire workforce and talent potential as a whole – as opposed to separate components.
Offering clear benefits, Total Talent Management is something many companies are successfully implementing into their strategy. However, there are a few outright myths about this process that are putting many companies off fully committing.
Here’s some of the most common myths surrounding Total Talent Management, and exactly why they’re so inaccurate.
Total Talent Management is expensive
As this strategy has been specifically created to get the perfect people into the right roles every single time, you’re almost guaranteed to save money in the long-run.
Whilst there may be some initial costs when starting out, money will automatically be saved by using the same talent each time your workforce is updated. You’ll have already seen this training talent in real-time action on the job, so you’ll significantly reduce the risk of high third-party costs and long-winded head counts.
My company will no longer be flexible
Perhaps one of the most common myths of all, many people assume Total Talent Management is a rigid process that limits flexibility – this couldn’t be further from the truth.
In fact, Total Talent Management successfully increases flexibility, simply because its primary purpose is to adapt workforce management to the ever-changing needs of your organization.
This isn’t a one-size-fits-all process, and every Total Talent Management solution will be 100% unique to the specific company in question with third-party systems that have been proven to work.
I will lose all control to a third-party
When implementing Total Talent Management, it can be daunting to hand things over to a new partner.
However, if you’re truly honest, do you really know every individual detail about your contingent and temporary workforce? It will be your partner’s job to give a comprehensive overview of both your talent needs and talent supply, whilst overseeing the specific factors of implementation.
In simple terms, you still have ultimate control of your Total Talent Management program and workforce direction – your partner simply runs the day-to-day strategies.
So, as you can now see, Total Talent Management is often tainted with a bunch of myths that simply aren’t true.
Selecting the right partner is essential when implementing this strategy, as you’ll need a company able to see the bigger picture, provide solutions and, most importantly, ensure maximum success and effectiveness of your workforce.
For more general information about Total Talent Management and how you can implement it to enhance your organization, contact MMG to discuss how your company could benefit.
How can Maxwell Management Group Help you Land your Dream Job?
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Visit our professional services page for a list of our services for job seekers.
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