In this ever changing economy, if you are looking to drive business growth or seeking competitive advantage you can never ignore the need of building a sustainable talent pipeline. If a company is but a sum of its employees, the top talent is its success. They make a 360 degree impact on the company – from its business, to its culture.
‘Building a Talent pipeline’ refers to creating a database of qualified candidates for fulfilling an organisation’s future needs for key positions. It is certainly not an easy task to find and nurture the right talent. While companies create strategies for hiring talent externally, they forget to engage with the talent available within the company. Some of the ways to nurture and develop talent internally should be focused on continuous coaching, job rotation and competency development.