A leader plays an important role in talent management. Only when those at the top help people at the bottom rise can a business succeed. An efficient organization is when every single unit is working in a skillful manner to help the whole achieve its vision. And one of the ways employees stay motivated collectively is when they see promise in their future by working with the company.
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Employee development can come in the form of personal coaching or mentorship from the leader, or by outsourcing training programs. Not only will the business benefit from the enhanced skills of employees, but it also nurtures commitment. As reports have shown, turnover or attrition is a costlier expense than investing in people's talents.
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By investing in people, an organization can also uncover hidden potential and discover future leaders. A business may save on resources for hiring officers by tapping its current pool of talents. Recruitment also becomes more effective because the best people always look for organizations with a strong reputation for developing talent.
In summary, a business that gives importance to employee development attracts the best talents, drives performance, engages and retains its employees, and maximizes the individual contributions of its members.
Patrick Dwyer of Merrill Lynch advises that for a business to succeed, leaders must always look for ways to improve themselves and their team. Follow this Twitter account for more advice on achieving success in business.
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