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When the economy shows signs of recovery, the employee talent pool will be at its largest as companies start relocating skilled and experienced employees.
However, it's not enough to just offer the best talent to the people in your company. You need to have a vision of how to incorporate employee skills into the TalentWise program. You can get more information about the early talent program via www.ldpconnect.com/early-career-talent-development-survey
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Here are some concepts for a successful talent development program:
1. Take your time: Identifying employees who are motivated and willing to learn takes time and shouldn't change. Training employees who want to learn new skills double efficiency. You will need a skills assessment and a database of previous work experience for your employees.
2. Succession Planning and Mentoring: Implementing a mentoring program is also the first step in identifying potential successors. Transitions and time periods, as well as business impact, are greatly reduced when you perform the role from within with skilled and capable people.
3. Quantify: Develop and monitor key performance indicators (KPIs) to ensure your program delivers a return on investment (ROI). Some indicators may include turnover rate, performance evaluation, and absenteeism.
The best and fastest way to increase your business profits is to build a culture that is rich in learning and always investing in people who are well motivated.