Resolution 2: The power of people!

by Kristin Boyd

The next resolution we’ll take a look at for 2011 is talent management. As a business owner, you’re probably aware of how important your employees are to the success of your business, so it’s extremely important to continuously assess your talent.

If you are a new business, you might not have established a formal review process, either because there’s always so much going on, or because your employees are dedicated to your business and you haven’t thought a review process was necessary.  It’s critical to manage your talent in order to ensure that your employees are satisfied, engaged, feeling challenged and given opportunities to develop.  If they feel stagnant, they may choose to leave.

If you don’t have a formal review process, 2011 is a good time to start one.   Establishing a review process will also help you define responsibilities and expectations for the employees that you have, and may even help you identify talent needs, or situations where employees are at capacity in a current role.

It’s also important to gauge how your team is, as well as if they feel engaged and connected to your company.  These types of measures can also tell you a lot about your management style and your effectiveness as a leader, which is a very important part of talent management.

As the leader of your company, you should always be evaluating yourself, and have a trusted advisor or mentor to help you develop and grow in your leadership role.

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