Talent development is a top priority for high performing organisations and businesses who desire to scale their success in the marketplace.
This is because they recognise that an organisation’s performance is directly proportional to the skills and capabilities of its workforce.
The word “Talent” is often bandied around in the business world, but who is a talent?
What defines talent?
Some organisations, HR professionals, and recruiters regard the entire workforce of an organisation as talents. To them, talent is a generic name for employees. Others prefer to limit the use of the word to refer to people who are skilled or capable of performing a certain task or function well.
Talent Managers and HR professionals must have a well thought through and strategic perspective who a talent is if they must hire the right people.
Who Is a Talent?
Skills, high performance, ability, capability, knowledge, high performance: these are all attributes that define a talent.
A talent is a person who has the aptitude or skill to do something well. In the business context, a talent would be an employee who possesses the potential to drive organisational growth.
An apt definition of talent emphasises its dynamic nature as the qualities that make a person suitable to perform a specific job role excellently. These qualities can be summarised in two words—ability and capability.
Talent is the ability and capability to do something well.
Ability refers to current performance while capability implies potential performance.
Both can be observed, tested and measured.
The concept of observing and measuring is essential to any discussion around talent as it is impossible to recognise what has not been observed or measured, let alone evaluate it.
Talent should be honed and employee’s skills and competencies can and must be developed to deliver greater value to themselves and the organisation.
For many forward-thinking firms, talent development is a key part of their strategy to retain their top talents.
The key to developing talent in employees lies in the questions used to evaluate them. As talent assessment and development experts, one of the projects we work on with our clients is designing the Employee Potential Development (EPD) framework for their top talents and high potentials.
Talent development is crucial for succession planning and business continuity.