As a business, you need to understand the value of nurturing your talent. A business needs to have skilled, motivated, and engaged employees to succeed both in the short and long term. The Great Resignation has been a serious cause for concern for businesses in recent times, as it has seen companies lose talent, which can then be hard to replace and set your business back. So, what can you do to nurture your talent? There are a few strategies to use to nurture the talent that you have and develop employees that will be able to help the company to achieve higher levels of success in the future.

Identify Potential

First, you need to spend time considering the people that you have in the workforce and determine those that have the potential to grow and help your business to reach new heights. You can do this by observing employees, determining their strengths and skills and collecting feedback from other people in the organization.

Discuss Goals

It is also important to take the time to meet with employees and discuss their goals. Most staff will be ambitious and have plans for their career, so you want to discover what these are and then find ways to help them to achieve these at your business. If you do not support goals or provide growth opportunities, you will lose your talent and this can harm the business in more ways than one. If you have employees that have potential but are not sure where they want to take their career, you should take time to discuss their options with them.

Provide Mentorship

The value of mentorship cannot be overstated, especially when it comes to junior staff that have promise. Having a mentor that can offer advice, support and guidance can help employees to learn, feel supported and avoid common mistakes.


Use Technologies to Develop Leadership Skills

These days, technology can play a major role in the learning and development process. You can use technologies to develop leadership skills in your employees, which will help you to create your own future leaders for the business. Bringing employees up to leadership positions can be beneficial over bringing in external hires as they will already have preexisting relationships and have a strong understanding of the business and culture. New technologies can link talent management in HR with learning and development to identify and develop talent in your workforce for future leadership roles. This gives staff the ability to make strides in their career by staying put at your business while also allowing you to future-proof the success of your company.

Encourage Idea-Sharing & Risk-Taking

It is also a good idea to encourage idea-sharing in the workplace. This is how you get your employees to think about the big picture and develop confidence, plus you will also find that it could help discover new ideas and overcome business challenges.

Hopefully, this post will give you a few ideas for ways to nurture your employees that will both keep employees happy and help your business to enjoy long-term success.

Businesses are getting attentive about the latest methods, concepts and tools.  A lot of importance is given to how things get performed and what precautions are taken to improve the overall productivity of the organization.  There are diverse methods that are getting used extensively so as to make sure that the tasks get performed in the most effective manner.

The reason various organization opt for 360 degree performance appraisal on different degrees is that they want to be certain about the efforts that their staff members put. They don’t want to use their days in a futile manner. The point is to make sure that the staff members are effective, professional and attentive. 360 degree feedback allows the organization to use manifold raters such as supervisors, peers, subordinates, direct reports, and even external raters such as clients or even sellers to leave feedback on an employee or staff member. The feedback is mostly used as a target inside the employee’s development plan. In a team- concentrated environment, 360 degree feedback reviews can be really effective. It permits the employee to know how his or her team members act and how they take the feedback.

It is important that the feedback stays nameless to the person who was rated. In case employees are permitted to witness the ratings and comments and who left them, emotions or feelings of anger and resentment can take place along with tension among the working employees and the raters. Certainly nobody would like to listen to what his co-worker said about him or her. Of course once you have a great feedback program, it would permit you to have a nameless feedback thing and nobody would get an idea about who said what about them.

If you have intention to implement the 360 degree feedback process, you must make sure that you have a proper performance management system in place before you do so. 360 degree feedback and performance reviews are most of the times used in combination with one another to form a powerful one-two punch for employee coaching and certainly overall development. Once the arrangements are right and the team is perfect for feedback, things are going to be effective for the organization.

Why do firms opt for this concept?

Most of the firms have a mission statement, a sight statement, and even a statement of purposes. The 360 review provides executive’s insight into the skills; behaviour and even attitude that a firm feels are wanted towards satisfying these targets. Having said this, there are myriad of benefits linked with the program of 360 performance review process but, the organization has to be committed to the procedure.  Remember once the management fails to have a wonderful implementation and follow-up plan, the system is certainly going to collapse and might even give undesired outcomes.

Scope of Personal development

Many employees think that they know everything and they do not need to work on their skills.  Well, the reality of this contemporary era is that change is taking place every day. If your employees are not working on their skills and knowledge; they might get run over by others. Once the employees get to know about the areas where they lack or the zones where they have to work harder; they end up with the will to work therein.

Certainly if you don’t know that you lack at something or you can improve something; you would not put efforts in that directions right? The point is you have to be attentive about everything you do. You have to take precautions so as to ensure that you grow. Now if the feedback has told you that you are lacking, you know that you have to work there. You might look for solutions and pick procedures to work on the weaker links. It all leads to overall affectivity and growth.   There is always scope of development if you are ready to work. When you get to know that you are lacking behind at something, you get a chance to work on yourself. Feedback always opens up new doors for you and you can do wonders when you take your feedback as a supporting tool.  Negative or not so good feedbacks are always helpful in making of a great personality or professional.

Positive feedback

Talking about the positive feedbacks or reviews; these make you even more confident about yourself. You get the motivation to work on your skills and maintain the standards you have set. You get filled with motivation to do better and better. After all, it is all about how you keep yourself going too. Feedback can become a source of your motivation for sure. If you have never invested in feedback, it is time that you do it for your organization. Where the leaders would get to know how well they are leading in the organization; the subordinates would get a chance to know about their working style and loopholes and can accordingly take steps.

You know personal development is how professional contributors turn out to be efficient and effective managers, how effective managers transform into effective executives, and how effective executives turn out to become effective board members. The authorities or organization that cater more personal development opportunities will certainly retain talent more than employers that require their employees to search for personal development outside the business. It is unneeded to say that 360 assessmentscateressential aspects of personal development.

Development at all levels

You cannot deny the fact that 360 degree feedback is one of the strongesttools in your toolbox to improve relationships, enhance accountability, and cater clarity on how to increase performance. It is not at all mystic   and there are even businesses that roll them out incorrectly that can make things worse off than before.  But the studies show that once you make use of tool in a right and proper manner, it gets you maximum benefit and productivity. The instrument is related enhanced employee engagement and better performance.   You have no clue how thankful your employees would be after you introduce them to such a program. After all, it is all about making the finest sides of your employees visible and makes their low areas strengthen.

So, the concept of 360 degree performance can change your organization in a three sixty manner that too for betterment!