Tomorrow's prep begins today - on that note, here’s a question for you – are you cultivating the talent your business and teams will need for tomorrow?
While you ponder upon this question, let us introduce you to talent mapping. In the competitive recruitment playground, businesses often lose sight of building a high-performing workforce. This is where talent mapping plays a crucial role in helping the organisation grow and achieve the desired heights of success.
So, what is talent mapping? I hear you ask.
Talent mapping is the strategic process implemented by recruiters and HR professionals to forward-plan and proactively identify and recruit employees based on their skills to help businesses meet their goals and be ready to overcome future challenges.
To successfully execute talent mapping, you require the expertise of an executive search firm. Why? Because they bring a certain expertise to the table along with their vast network, market insights, and strategic processes.
What are the benefits of talent mapping?
When you successfully implement talent mapping, your organisation can reap multiple benefits.
Strategically plan for the future: As mentioned earlier, talent mapping enables you to strategically plan for your future workforce needs by identifying skill gaps, succession planning, and talent development initiatives.
Succession planning: Through talent mapping, you can identify high-potential employees and groom them for future leadership positions. This proactive approach to succession planning ensures you have a pipeline of talent ready to step into key roles, reducing the risk of leadership gaps and promoting continuity within the organisation.
Improved Recruitment and Retention: Talent mapping helps identify internal and external talent pools. For internal candidates, it provides opportunities for career growth and development, leading to higher levels of employee engagement and retention. For external candidates, talent mapping allows organisations to target and attract top talent that aligns with their strategic objectives.
Enhanced Performance Management: By tracking the skills and capabilities of employees over time, talent mapping facilitates more effective performance management processes. Managers can provide targeted training and development opportunities based on identified skill gaps, leading to improved performance and productivity across the organisation.
Competitive Advantage: In today's dynamic business environment, having a deep understanding of your talent landscape provides a competitive advantage. Talent mapping allows you to stay ahead of industry trends, anticipate future skill requirements, and adapt your workforce strategies accordingly. This proactive approach to talent management enables companies to respond quickly to changing market conditions and maintain a competitive edge.
There’s no denying that there is a significant relationship between an organisation’s performance and its talent management. According to a survey by McKinsey, 99 per cent of respondents agree that effective talent management within their organisation led to outperforming their competitors.
Five components of a winning search strategy
Now that you have some insight into the crucial role that talent mapping plays, we’re sure you’re wondering how to go about creating a winning strategy that will help you accomplish your goals.
At DukeMed, our basic executive strategy includes the following.
A compelling Job description: Your Job description needs to not only inform but also be intriguing and educational. This is an opportunity for you to sell the opportunity and to convince potential candidates to click apply. Take a moment to consider out-of-the-box questions such as, what about the role makes this a chance for a rewarding career?
Research Criteria: Now it’s time to focus on the nitty-gritty details of what your ideal candidate looks like. Here, we go beyond the basics of education and experience. It’s time to think bigger and ask yourself - do you desire a candidate with experience from a certain company or field?
Target company list: Now you know who you’re searching for, it’s time to consider where to look for them. While we can’t comb through every possible organisation, creating a targeted list is a good starting point. Consider your competition, the industry, and location for starters.
Logistics and expectations: To execute a successful search strategy teamwork is of utmost importance. Only with your full commitment to the process can we meet your expectations.
Benchmark profiles: Before deep-diving into researching all the potential candidates based on the information provided, we like to confirm that we’re on the same page. Through benchmarking, we provide you with three to five hypothetical candidates based on the initial criteria given by you. By providing you with benchmark profiles, we can then accurately adjust our search strategy so that when we present the actual candidates, we get it right the first time.
Before we sign off, here’s a quick note about talent mapping to remember.
Talent Mapping can be a stand-alone service and it can be converted into a fully executed search by progressing to the screen and assessing stages through to hire. Think of it like dating. You may not be ready to commit but there’s no harm in testing the waters. If all goes well, you may decide to progress things. If not, at least you have an idea of where you stand and what works for you.
Set your business up for success with DukeMed
At DukeMed, we’re search experts in medical devices, equipment, and consumables. But we’re also communication and relationship-building experts.
So, while we understand the technical aspects of our industry, we communicate directly and openly with you.