Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

HR strategySupplier NewsTalent management

Investing for Success!

by Personnel Today 6 Mar 2009
by Personnel Today 6 Mar 2009

Talent Management will and always has been a crucial component of successful business management. Yet all too often one of the first things to be cut, during periods of change, are the budgetsrelated to managing and developing talent; when in actual fact this should be seen as a time to invest – assuming this investment is in the right place! For example, let’s look at investment in executive coaching and whether it should be for all or just the select few…

The results of a recent HDA survey showed that 92%of organisations surveyed found that coaching delivers significant business benefits such as ‘higher ROI than training’, ‘reduced levels of stress and absenteeism’ and ‘increased retention’, while also providing value for money. Undoubtedly coaching can be beneficial at all levels and in an ideal world it would be an integral part of any successful talent management strategy. However coaching will be seen as a ‘luxury’ during turbulent times and it is during these times that if investment in coaching is being made, it should begin at the top!

Leaders will experience new challenges over the coming year, as organisations continue to morph into a new way of working in order to remain competitive and in some cases even to survive. With this in mind coaching can become an enabler of this change – driving leaders and in turn the company forward to achieve success. Therefore although the initial investment will be made at the top of the organisation, the benefits will be experienced throughout. We only need to look at organisations like Virgin to understand the impact that inspirational and successful leaders have on an organisation and its people.  

Once the leaders of the organisation are ‘on the right track’ then the next most beneficial place to invest in coaching is for individuals in positions of strategic importance; individuals who play a specific yet critical role in the success of what your organisation is trying to achieve yet may require additional motivation and guidance to adapt to changes in the operating environment and marketplace.

Finally in order to maintain a coaching culture throughout the organisation, think about developing your leaders to become coaches themselves or to adopt a coaching approach with their staff.

So as this short article suggests, the focus in 2009 should not be on whether you invest in talent management areas, such as executive coaching, but in fact how you should make this investment. Recognising the critical role that leaders play in determining organisational success will be crucial in this process.

Personnel Today
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

previous post
Steps demonstrates how drama can help managers to handle difficult conversations
next post
Cornerstone OnDemand announces record fourth quarter, fiscal year 2008 performance

You may also like

What does it mean to be an HR...

22 Sep 2023

AI has positive impact on jobs market, report...

20 Sep 2023

Long-term sickness crisis: how employee data can help

13 Sep 2023

Is your talent management aligned for success? Exploring...

12 Sep 2023

Internal mobility: how to unlock your employees’ potential

5 Sep 2023

Foreign workers’ interest in UK roles doubles

23 Aug 2023

How to avoid fads in HR

18 Aug 2023

Business leaders must face up to new HR...

17 Aug 2023

Senior executives want to make more of HR’s...

31 Jul 2023

What is an ‘employer of record’ and can...

25 Jul 2023

  • Discover the value of CIPD accreditation PROMOTED | See how the CIPD can increase your earning potential...Read more
  • What does it mean to be an HR professional in 2024? (survey) PROMOTED | The world of HR is changing rapidly...Read more
  • The Contractor Management Mastery Pack: Everything you need to manage and pay global contractors PROMOTED | Answers to cross-border...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2023

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2023 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+