Business Chief USA October 2020

TALENT STRATEGIES
Business Chief North America
shares insights into how
organisations can establish
an effective talent strategy
38
A
ccording to the Chartered Institute of
Personnel and Development (CIPD),
creating an effective talent management
strategy begins with workforce planning. This
process entails analysis of the organisation’s current
workforce, to determine its capabilities and
its future needs. With this in mind CIPD highlights
that following this analysis there are typically two
approaches that an organisation will take – exclusive
and inclusive.
An exclusive approach segments talent to
reflect an organisation’s needs, and is specific to
key individuals. However, in recent years, the use
of an inclusive approach has become more common.
This approach focuses on the workforce
as a whole, driving engagement and talent development.
While some organisations use one or the
other, often a combination of the two approaches
is preferred.
“Regardless of which approach organisations
adopt, fairness and consistency must be applied in
all talent management processes, alongside diversity
and inclusion considerations. Not ‘joining-up’
OCTOBER 2020