Question

Develop a five (5) point criteria for evaluating the effectiveness of the talent management strategy and how the data could be collected.

Answer 1

Develop a five (5) point criteria for evaluating the effectiveness of the talent management strategy and how the data could be collected.

A five-point criterion used to evaluate whether a talent management strategy was effective is by making sure there is a well-defined framework of capabilities. The framework includes the development of both the top and the middle management. Another component of the five-point criteria is the use of a talent evaluation on the basis of proficiencies framework earlier identified for both the existing staff as well as the new ones who have come on board. Another part of the five-point criteria is discovering positions that are necessary and are in line with the policies of the company. Support and scale of management participation is another factor that can indicate how well a new strategy has been received and its function towards long-term work. Finally, the best way to assess the effectiveness of a new talent management strategy is measuring the level of participation.

The techniques that can be used in data collection includes self-evaluation, questionnaires, and surveys. The self-evaluation strategy most suitably will be conducted by the talent on a regular basis with the aim of measuring self-growth over a period of time. The surveys can be used to assess changes that might have occurred within the climate of the organization. It can also be used as a method of research along with the questionnaires which can be used as a tool for investigation.