DEVELOPMENT PROGRAMME FOR TALENT POOL

 Talent pool is,

The suitable, skilled people who are available to be chosen to do a particular type of job.

(Definition of “talent pool” from the Cambridge Business English Dictionary, Cambridge University press)

The Advantages of Talent Pools

Talent pools are groups of employees who are being trained and developed to assume greater responsibilities within the organization. Often, but not always, they are the individuals who have been identified as high –performing and high potential.Creating a talent pool takes some planning; here are several steps to developing an organizational talent pool.

Review your organizational strategies. The goal here is to identify the competencies needed to make those strategies happen. In the future, strategies will change, but it’s possible competencies will remain the same.Assess the company’s current talent to identify any skills gaps. This can be accomplished using a variety of techniques including performance reviews, assessments, multi-rater feedback and interviews.

Develop a buy, build and borrow strategy for bridging the gap. Organizations do not have to create a talent pool for everything. They can “buy or hire” talent from the outside where skills are limited. If the organization has the resources, they can “build” talent from within through skills development .For niche skills, the company can “borrow” talent using contingent workers when necessary.

 Other one is create modules or groups of activities that will help employees get the skills they need. Once the organization knows the skills they’ll be helping employees develop, it’s time to figure out how to make it happen. It could be through a combination of internal/external training as well as project-based learning.

Monitor progress and make regular adjustments. Like succession planning, talent pools need to be monitored. The organization should conduct regular talent assessment as well as monitor market conditions.

As the example Learnership talent pool in Toyota;                                                                        

The company would like to support the incumbents or the successful candidates to learn and work in many technical disciplines. In the completion of the programme, candidate will receive an NQF level 2certification.it will qualify you when you went to apply a job position that requires this qualification. At the moment,the company is hiring about 338,875 and more.

References;

Cambridge Business English Dictionary, Cambridge University press

5 steps for creating organizational talent pools by Sharlyn Lauby posted February 10,2017/Performance Management

Learnership talent pool at Toyota on 24 Aug 2017 in South Africa

https://docs.oracle.com/cd/E39904 01/hcm92pbr0/eng/hcm/hhcs/task Managing Talent Pools-ac7fd7.html,20.11.2017,8.05am