Talent Management Strategy Template

What is a Talent Management Strategy?

A talent management strategy is an actionable plan designed to attract, retain and develop the best talent for a company. This strategy is made up of specific objectives, actionable projects and measurable targets or Key Performance Indicators (KPIs). By taking the time to create a comprehensive talent management strategy, companies can ensure that they have the right people in the right roles to achieve their overall business goals.

What's included in this Talent Management Strategy template?

3 focus areas
6 objectives
6 projects
6 KPIs

Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.

Who is the Talent Management Strategy template for?

This Talent Management Strategy template is designed for HR leaders, managers, and teams who are looking to develop a comprehensive strategy that will attract, retain and develop the best talent. This template helps you create a strategy that will ensure you have the right people in the right roles to achieve your business goals.

1. Define clear examples of your focus areas

Your talent management strategy should have multiple focus areas that are related to attracting, retaining, and developing talent. Examples of focus areas may include: Attracting Top Talent, Retaining Top Talent, and Developing Top Talent. Within each focus area, you should define objectives that need to be addressed.

2. Think about the objectives that could fall under that focus area

Objectives are specific goals or agendas that need to be achieved in order for the focus area to be successful. Examples of objectives for the Attracting Top Talent focus area could include: Establish an effective recruitment process and Improve job descriptions.

3. Set measurable targets (KPIs) to tackle the objective

Key Performance Indicators (KPIs) are measurable targets that can be used to track progress on objectives. For example, if one of your objectives was to increase the number of incoming applications, then the KPI to track progress could be ‘Increase the number of incoming applications’ with a target of 100.

4. Implement related projects to achieve the KPIs

Projects (or Actions) are the steps that need to be taken in order to meet the KPI targets. For example, if your KPI was to ‘Increase the number of incoming applications’, then an action could be ‘Develop an effective recruitment plan’.

5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy

Cascade Strategy Execution Platform is the perfect tool for HR leaders, managers, and teams to create, track, and manage their talent management strategies. With Cascade, you can easily define objectives, set measurable targets, and track progress on your talent management strategy in real time.