Valerie Schmidt Executive Coach and Talent Mentor

714 969-6435 (phone)

vals@valerieschmidt.com

Find, Develop, and Keep Your Top Talent Valerie Schmidt, Executive Coach and Talent Mentor

Today's top Executives know that a key concern is finding, developing, and keeping top talent in their global organizations.  The emerging skill needed is expertise in the new discipline, Talent Management.  In our expanding global economy, finding sufficient supplies of talent and then managing that talent is challenging.  China, India, and Eastern Europe offer cost-effective workforces but the cultural differences can make global team management very difficult and time consuming.  Time zones, and workplace expectations vary widely and organizations can get caught in painful attrition cycles.  Successful leaders develop effective skills to create products and services using culturally diverse and geographically dispersed teams.  Talent Management: the acquisition, assessment, development, and retention of an organization's key contributors is no longer a one-solution-fits-all affair.  A new, organic, and culturally-sensitive set of best practices is emerging to locate, grow, and retain your most valuable human resources regardless of their location around the globe. Here are 4 R.E.A.L. Tips to successfully attract and retain top talent in your organization. Recognize and Reward the behaviors in your organization that create a desirable working environment for your top talent. Connect rewards consistently with truly superior performance to encourage the formation of a global workplace your key talent wants to be in.  Make sure rewards are something the recipient finds motivating and desirable.  The best rewards are those that both the recipient and their colleagues recognize so cultural expectations play a significant role in the perception of the value of a "reward".  A good way to ensure your rewards will be effective is to collaborate with your top talent in the process of creating meaningful rewards with management defining and maintaining a common set of behaviors to be rewarded. Provide Education opportunities for your key talent.  Keeping their skills current and finely honed is important to them for job satisfaction.  Include in your budget a yearly plan for your top performers to attend conferences, seminars, and other educational venues so they can continue to satisfy their need for learning. Advance your key talent with a fast-track program.  The program should be constructed based on realistic and meaningful accomplishments.  The fast track is for highly motivated high achievers.  They want to be recognized for truly innovative and above average achievement and rewarded for it with advancement. Listen to your key talent.  Thoughtfully consider their recommendations and proposals for ways to improve your business, increase your profitability, and expand into new areas.  Not all of their ideas will match your own business goals but being listened to is a powerful form of recognition and reward.