IT Talent Management
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Companies with strong IT talent management practices achieve 22% higher shareholder returns compared to peers. Effective talent management aligns IT staff with business goals, enhances workforce capability, attracts top performers, and supports succession planning. Engaging with IT employees and addressing their developmental needs fosters a motivated workforce that drives innovation and contributes to organizational success.
IT Talent Management
- 1. Reasons for IT talent management Companies with strong talent practices outperformed their peer group, earning 22% higher shareholder returns. McKinsey
- 2. Gain a clear understanding of the IT skills you have and those you need Clearer insight into your IT talent resource means smarter allocation and deployment. You can reshape your workforce and respond more quickly to change. You’ll address capability needs and accelerate the development of your people, while defining where to best invest your time and resources to create the most value.
- 3. Align your IT people with your business goals Effective talent management programmes are owned and driven by the business on a continuous basis; they adapt and are shaped in line with business strategy. Talent management promotes consistent performance which in itself provides for smarter planning and a more effective organisation design.
- 4. Attract and retain the best IT performers With a visible talent management strategy in place, you’ll attract top performers to your organisation and keep them – reducing staff turnover and the time and money associated with recruitment processes. You’ll be able to identify and develop critical talent and core contributors, and reap the rewards of their experience and commitment.
- 5. Refine your succession planning Today’s competitive market does not allow for vacant leadership roles. Talent management supports you in effectively identifying and nurturing tomorrow’s IT leaders, and future-proofing your strategies. Talent developed from within your organisation is already rooted in your business and proven to deliver within your environment.
- 6. Increase your capability and your competitive advantage Engage with your IT people; listen and respond to their developmental needs. You’ll create a loyal and motivated workforce which is aligned with your business strategy and contributes to meeting its goals through innovation and expertise.
- 7. The impact of an effective IT talent strategy will be felt far beyond the IT department.
- 8. Find out more: +44 (0)1793 417 755 business.solutions@hq.bcs.org.uk www.bcs.org/businesssolutions BCS, The Chartered Institute for IT First Floor Block D North Star House North Star Avenue Swindon SN2 1FA UK ©BCS, The Chartered Institute for IT, is the business name of The British Computer Society (registered charity no. 292786) 2014