Coaching Your Human Capital
April 24, 2006
There has been a lot of talk lately about managing human capital. It is what gives organizations a competitive edge. But more than that, it is about talent management. The Society for Human Resource Management (SHRM) defines talent management as is the implementation of integrated strategies or systems designed to increase workplace productivity by developing improved processes for attracting, developing, retaining and utilizing people with the required skill and attitude to meet current and future business needs.
It is essential to all organizations to not only recruit the best talent, but also retain it. One of the crucial strategies involved in effective talent management is to define competencies (knowledge, skills and attitudes) the organization needs to get the work done and then to coach individuals toward that end. In essence, organizations need to assess the skills of their people, and then provide them with the proper training so that employees and managers are performing their jobs effectively.
Is your organization focusing on this? Are your supervisors doing all they can to coach individuals in the areas in which they need to be competent? Are you matching what is needed for business results to what is being coached?
Effective coaching is a challenge for today's leadership. It is tied directly to your talent management plan, which aligns your human capital and business strategies to support organizational financial goals and positively impact bottom-line results. With this in mind, getting the most out of your human capital begins with five easy steps:
- Understand the organizational drivers for talent management.
- Examine business issues.
- Assess the talent in your organization.
- Develop a plan to increase performance by leveraging talent against current levels of company performance.
- Provide coaching training for your supervisors.
More than just an awareness of the importance of leadership, coaching involves observing, analyzing, demonstrating and giving feedback. Managing the talent you have is a continuous, long-term process that utilizes the ability of all individuals to contribute to your organization’s success. Programs such as Coaching and Coaching Job Skills will prepare you and your leadership team for managing the talent within your organization.
Published by Vital Learning Corporation
Sources:
Lockwood, Nancy R. (July, 2005) Talent Management: Overview, http:/www.shrm.org.
Tyler, Kathryn (June, 2000) Scoring Big in the Workplace, HR Magazine, (45) 6.
Coaching Job Skills (2005), Vital Learning Corporation.
Return to Article Directory
|
