This is the reality at organizations that steadfastly focus on exceptional “ Talent Development
”. In the series of articles that would follow, we shall be talking about the present day situation and the role of HR Professionals in “ Talent Development System ”.
The driver is the ‘ human resource strategic planning system ', which indicates the talent required to execute the strategic plan. It is enabled by recruitment and selection, career management, training and development, succession management, compensation and benefits, and performance management systems.
However, developing an effective human resource development plan is not as simple as developing a number of charts or spreadsheets.
HR strategic planning is creating a vision of the future and managing the planning at macro as well as micro level to transform that vision into reality.
This exercise needs a broad range of activities including image building (having a recruitment value proposition), developing job descriptions, talent acquisition, goal setting, performance management etc. Such a plan needs to be formulated for a long-term vision. However, in all cases it is advisable that strategy needs to be developed with the current business scenario and with “best practices”, being implemented by best employers.