Pittsburgh based executive consultant and businesswoman Susan McGalla is known for her consulting services. She has previously been at American Eagle Outfitters as President and has also been the CEO of Wet Seal. She has worked in the field of finance and retail as well. P3 Executive Consulting was founded by her in 2012 and she currently works for Pittsburgh Steelers as the Strategic Planning and Growth Director. With a career spanning over three decades, Susan McGalla has worked in a variety of management roles and understands how employees – the most important resource of an organization – work and think.
Here, she talks about talent management and why it is so important for all the organizations, no matter which industry they belong to –
Retain Talented Employees In The Long Term – There is no fiction in the statement of human resource being the most important thing an organization has. This resource is always honed, trained and brought to a higher efficiency level by the HR department of an organization. Some human resources are more talented than others because they have a specialized skill set that the company values over everything else. It is the job of the company to retain these talented employees in the long run. This is the essence of talent management. It helps to keep the talented human resource in the organization happy, satisfied and efficient.
Offer Tools To Keep Talent – The idea behind talent management is this – if a company finds talented workers then it should do its best to ensure that those workers are looked after and are happy working in the organization. They should feel like they are part of the family and are adequately rewarded for their talent. Talent management ensures that these rewards include financial ones, such as performance bonuses and proper profiles, and the rewards also make the employees feel appreciated. Ensuring that the right person is offered the right profile is based on proper talent management because it leads to efficient results all around.
Better Results Over Competitors – The world of business is all about competition and in this day and age, the competition is more cutthroat than ever before. At such a time, organizations have to ensure that they use any and all the tools in their arsenal to improve themselves and grow at a steady pace so that they can edge out their competitors. This can be achieved by focusing on the talented human resource in the organization.
Improved Revenue For Businesses – If talented employees are happy, the services or products offered by the organization would be so much better, especially when compared to other businesses that do not value their talented employees and are left with average ones. Because the company is operating at top efficiency, as a result of talent management, they would experience their sales skyrocketing and their profits rising at a steady pace.
Talent planning is a much underemphasized field and experts believes that organizations should start focussing more on this area.