When looking for the best talent to fill a role, many business leaders are too quick to turn to recruitment. To build the most effective teams, it can often be most beneficial to retain and develop internal talent before seeking outside candidates. If you find a good fit externally to take on a plum position, what are the chances that the A-players you currently count on to keep things running smoothly will jump ship, perceiving a lack of growth potential for their careers if they stay?
Incubating top talent from within the company’s ranks can be challenging, but it’s in your best interest as a business owner or senior executive to do so. In many cases, this kind of development initiative will require some reorganization and strategic planning. Here, 15 professionals from Forbes Coaches Council share their top pieces of advice for leaders who are trying to generate better results by making the most of their company’s internal talent.
12. Redefine How You Discuss Top Talent
Expand the conversation beyond those who can be grown or stretched vertically to include talent that you can expand or stretch horizontally. Who can take on projects or another temporary assignment? This gives you a much larger “top talent” pool and, ultimately, stronger bench strength. – Kristy Busija, Next Conversation Coaching, LLC