People are your organization’s greatest asset and most expensive resource. We recognize the importance of employee engagement and do our best to measure and boost it, and yet engagement is not always in a company’s control. Why not instead consider talent activation?
Talent activation focuses on the experiences, processes, and metrics that create an aligned and equipped workforce in the best position to realize its true potential. Talent activation connects all stakeholders and their goals, elevates the employee experience, transcends traditional HR disciplines, and integrates day-to-day work into big picture strategy.
How is talent activation different from talent management, you ask? Here are some specifics.
- Talent management is about one size fits all. Talent activation means adapting in real-time to business and employee preferences.
- Talent management works within departmental silos. Talent activation provides a bigger picture view of the entire talent ecosystem.
- Talent management involves HR paperwork or transactions. Talent activation is about understanding your leadership’s business goals as well as how to get there.
- Talent management focuses on full-time employees (FTEs). Talent activation takes into account everyone in today’s talent economy, including FTEs, contractors, freelancers, vendors, partners, interns, site visitors, and seasonal workers.
- Talent management mandates the collection data and generation of historical reports. Talent activation leverages analytics for meaningful business decisions.
- Talent management involves managing the hire-to-payroll-to-benefits funnel. Talent activation is about aligning individual goals with business goals, motivating them, keeping them engaged, moving them up, providing meaningful ongoing feedback and appraisals – and the learning to keep them going.
- Talent management is concerned with cost and time savings. Talent activation delivers new key performance indicators about the ongoing post-hire journeys employees take.
For more where this came from, head over to the SilkRoad blog.