{"id":8959,"date":"2021-03-16T10:01:25","date_gmt":"2021-03-16T17:01:25","guid":{"rendered":"https:\/\/bwblogdev.wpengine.com\/?p=8959"},"modified":"2024-05-15T05:06:49","modified_gmt":"2024-05-15T12:06:49","slug":"linking-talent-to-value-getting-the-best-person-for-the-job","status":"publish","type":"post","link":"https:\/\/www.betterworks.com\/magazine\/linking-talent-to-value-getting-the-best-person-for-the-job\/","title":{"rendered":"Linking Talent to Value: Getting the Best Person for the Job"},"content":{"rendered":"\n<div class=\"wp-block-ht-block-toc is-style-contrasted htoc htoc--position-wide toc-list-style-plain\" data-htoc-state=\"closed\"><span class=\"htoc__title\"><span class=\"ht_toc_title\">Table of Contents<\/span><span class=\"htoc__toggle\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\"><g fill=\"#444\"><path d=\"M15 7H1c-.6 0-1 .4-1 1s.4 1 1 1h14c.6 0 1-.4 1-1s-.4-1-1-1z\"><\/path><path d=\"M15 1H1c-.6 0-1 .4-1 1s.4 1 1 1h14c.6 0 1-.4 1-1s-.4-1-1-1zM15 13H1c-.6 0-1 .4-1 1s.4 1 1 1h14c.6 0 1-.4 1-1s-.4-1-1-1z\"><\/path><\/g><\/svg><\/span><\/span><div class=\"htoc__itemswrap\"><ul class=\"ht_toc_list\"><li class=\"\"><a href=\"#h-the-value-of-talent-management\">The value of talent management<\/a><\/li><li class=\"\"><a href=\"#h-a-different-approach-to-matching-talent-to-key-roles\">A different approach to matching talent to key roles<\/a><ul class=\"ht_toc_child_list\"><li class=\"\"><a href=\"#h-standard-talent-allocation\">Standard talent allocation<\/a><\/li><li class=\"\"><a href=\"#h-the-talent-to-value-approach\">The talent-to-value approach<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#h-5-steps-to-adopting-the-talent-to-value-approach\">5 steps to adopting the talent-to-value approach<\/a><ul class=\"ht_toc_child_list\"><li class=\"\"><a href=\"#h-identify-key-roles-and-value-drivers\">Identify key roles and value drivers<\/a><\/li><li class=\"\"><a href=\"#h-assess-talent-against-value-drivers\">Assess talent against value drivers<\/a><\/li><li class=\"\"><a href=\"#h-align-talent-with-value-drivers\">Align talent with value drivers<\/a><\/li><li class=\"\"><a href=\"#h-develop-talent-to-enhance-value-creation\">Develop talent to enhance value creation<\/a><\/li><li class=\"\"><a href=\"#h-measure-performance-against-goals\">Measure performance against goals<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#h-how-to-leverage-dynamic-talent-allocation-for-enterprise-value\">How to leverage dynamic talent allocation for enterprise value<\/a><ul class=\"ht_toc_child_list\"><li class=\"\"><a href=\"#h-implement-dynamic-human-capital-allocation-strategies\">Implement dynamic human capital allocation strategies<\/a><\/li><li class=\"\"><a href=\"#h-unlock-enterprise-value-through-talent-transformation\">Unlock enterprise value through talent transformation<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#h-matching-talent-to-value-through-performance-management\">Matching talent to value through performance management<\/a><\/li><\/ul><\/div><\/div>\n\n\n\n<p>Placing the right people in your company\u2019s most important roles doesn&#8217;t happen by chance. To make strategic talent placement decisions, you need to know which roles create the most value for your business. You might be surprised at what roles drive value \u2014 and that\u2019s where a talent-to-value approach comes into play.<\/p>\n\n\n\n<p>A talent-to-value approach acknowledges that talent is a powerful resource when properly aligned with business goals. It goes beyond standard talent management practices by concentrating on the direct link between talent and value. By connecting talent to value, you can maximize your human advantage, improve organizational performance, and gain a sustainable competitive edge by driving value creation across the business.<\/p>\n\n\n\n<p>Learn more about the talent-to-value approach, how to adopt it in your organization, and why matching talent to value helps enterprises succeed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-value-of-talent-management\">The value of talent management<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.betterworks.com\/magazine\/guide-to-talent-management-frameworks\/\">Talent management<\/a> is essential for forming a productive team, inspiring creativity, and maintaining competitive advantage. By effectively managing talent, you put the right people in the right roles and ensure your workforce has the skills and abilities needed to drive success.&nbsp;<\/p>\n\n\n\n<p>Talent management can improve outcomes for individuals, the business, and the culture. Good talent management includes career advancement, recognition, and rewards, all of which help\u200c your high-potential team members feel happy and engaged. As a result, companies spend less on hiring and training and retain a deeper inventory of employee knowledge and skills.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-different-approach-to-matching-talent-to-key-roles\">A different approach to matching talent to key roles<\/h2>\n\n\n\n<p>Rather than simply filling positions based on <a href=\"https:\/\/www.jobseeker.com\/en\/resume\/articles\/resume-qualifications\" target=\"_blank\" rel=\"noreferrer noopener\">resume qualifications<\/a>, the talent-to-value approach is a more strategic and dynamic way of allocating talent to create enterprise value. Here are the major distinctions between these two approaches.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-standard-talent-allocation\"><strong>Standard talent allocation<\/strong><\/h3>\n\n\n\n<p>Standard talent allocation emphasizes hierarchy more than influence. This approach assumes that the roles that create the most value sit at the top of the organizational chart. Consequently, that leads to HR reserving leadership development opportunities for high-potential talent moving up the ladder. However, relying on fixed structures misses the nuance of influence and value creation.&nbsp;<\/p>\n\n\n\n<p>For example, while customer service representatives don\u2019t have a high-ranking title, their ability to create positive customer experiences and loyalty can measurably influence organizational success and profit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-talent-to-value-approach\"><strong>The talent-to-value approach<\/strong><\/h3>\n\n\n\n<p>The talent-to-value strategy for talent management links an organization\u2019s activities to its ability to create value. This approach focuses on recognizing and <a href=\"https:\/\/www.betterworks.com\/magazine\/talent-development\/\">cultivating people\u2019s talents, capabilities, and potential<\/a> so that they can maximize their value contribution \u2014 regardless of where they sit on the org chart.<\/p>\n\n\n\n<p>The talent-to-value approach involves identifying the top drivers of organizational value and developing them accordingly. This includes looking at each role in terms of value creation, making sure you have the right people in those roles, and ensuring that these employees have the tools and resources they need to maximize their potential.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"580\" src=\"https:\/\/www.betterworks.com\/wp-content\/uploads\/2023\/12\/Linking-Talent-to-Value-Getting-the-Best-Person-for-the-Job-SEO-Internal-1-1024x580.jpg\" alt=\"\" class=\"wp-image-101423\" srcset=\"https:\/\/www.betterworks.com\/wp-content\/uploads\/2023\/12\/Linking-Talent-to-Value-Getting-the-Best-Person-for-the-Job-SEO-Internal-1-1024x580.jpg 1024w, https:\/\/www.betterworks.com\/wp-content\/uploads\/2023\/12\/Linking-Talent-to-Value-Getting-the-Best-Person-for-the-Job-SEO-Internal-1-980x555.jpg 980w, https:\/\/www.betterworks.com\/wp-content\/uploads\/2023\/12\/Linking-Talent-to-Value-Getting-the-Best-Person-for-the-Job-SEO-Internal-1-480x272.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-5-steps-to-adopting-the-talent-to-value-approach\">5 steps to adopting the talent-to-value approach<\/h2>\n\n\n\n<p>Adopting a talent-to-value approach to talent management involves shifting the focus from managing talent to understanding how talent contributes to organizational value creation. When you learn how to match talent to value, you can drive long-term business growth.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-identify-key-roles-and-value-drivers\"><strong>Identify key roles and value drivers<\/strong><\/h3>\n\n\n\n<p>Start by understanding the key activities and capabilities that drive value creation in your organization. This requires analyzing the business strategy, goals, and competitive landscape. Engage with senior leaders and key stakeholders to identify the critical value drivers that align with your organization&#8217;s objectives.<\/p>\n\n\n\n<p>Advanced analytics can help you pinpoint the biggest value drivers in the business. A technique like <a href=\"https:\/\/www.i4cp.com\/productivity-blog\/what-organizational-network-analysis-is-and-how-it-benefits-companies\">organizational network analysis<\/a>, for instance, highlights the people with the greatest positive influence on their colleagues. Your performance data can reveal a lot about which roles and people drive the most value, too. Betterworks\u2019 interactive <a href=\"https:\/\/www.betterworks.com\/product\/employee-performance-analytics\/\">Analytics and Insights dashboard<\/a>, for example, helps users uncover the top drivers of performance in the organization.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-assess-talent-against-value-drivers\"><strong>Assess talent against value drivers<\/strong><\/h3>\n\n\n\n<p>After identifying essential value drivers, evaluate your workforce to establish their talents, capabilities, and opportunities. Look at performance assessments, capabilities reviews, and talent reviews to better understand your workforce\u2019s individual strengths and areas needing improvement. This evaluation will help you assess your workforce\u2019s current state against the identified value drivers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-align-talent-with-value-drivers\"><strong>Align talent with value drivers<\/strong><\/h3>\n\n\n\n<p>Set clear goals for increasing value creation in the business. There are different types of values, and each person brings unique strengths to the conversation. An effective manager, for example, might generate increased financial value (such as revenue growth and profitability), while a customer representative might increase customer satisfaction and loyalty. Identify the types of value you need to drive, then align your workforce to bring your goals to life.<\/p>\n\n\n\n<p>Organize your talent in a fashion that corresponds with their key success contributions. This might require reassigning or retaining people for positions that capitalize on their strengths and abilities. In other circumstances, the best step is to form cross-functional teams to accomplish value-building activities. Whatever you do, you need the right people in the right roles to get the most out of their abilities and actions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-develop-talent-to-enhance-value-creation\"><strong>Develop talent to enhance value creation<\/strong><\/h3>\n\n\n\n<p>Develop customized growth plans to improve employee abilities. Offer coaching, mentorship, and other training activities that align with the major value contributors. Foster a culture of ongoing education and <a href=\"https:\/\/www.betterworks.com\/magazine\/virtual-leadership-development-activities-tips-for-success\/\">leadership development<\/a> to ensure that team members can deliver maximum results.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-measure-performance-against-goals\"><strong>Measure performance against goals<\/strong><\/h3>\n\n\n\n<p>Track and measure your talent&#8217;s performance against goals. Set metrics and feedback mechanisms to track progress and identify areas for improvement. Evaluate your talent&#8217;s impact on value creation against the expected outcomes. This analysis will help you determine whether you\u2019ve placed people in the right roles to achieve your value-creation targets.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"580\" src=\"https:\/\/www.betterworks.com\/wp-content\/uploads\/2023\/12\/Linking-Talent-to-Value-Getting-the-Best-Person-for-the-Job-SEO-Internal-2-1024x580.jpg\" alt=\"\" class=\"wp-image-101424\" srcset=\"https:\/\/www.betterworks.com\/wp-content\/uploads\/2023\/12\/Linking-Talent-to-Value-Getting-the-Best-Person-for-the-Job-SEO-Internal-2-1024x580.jpg 1024w, https:\/\/www.betterworks.com\/wp-content\/uploads\/2023\/12\/Linking-Talent-to-Value-Getting-the-Best-Person-for-the-Job-SEO-Internal-2-980x555.jpg 980w, https:\/\/www.betterworks.com\/wp-content\/uploads\/2023\/12\/Linking-Talent-to-Value-Getting-the-Best-Person-for-the-Job-SEO-Internal-2-480x272.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-leverage-dynamic-talent-allocation-for-enterprise-value\">How to leverage dynamic talent allocation for enterprise value<\/h2>\n\n\n\n<p>Dynamic talent allocation is a way to place the right talent in the right roles based on changing business needs. This way of thinking recognizes that the skills and capabilities your organization needs can change over time. Because of that, you must be flexible in reallocating human capital to meet these changes and sustain organizational success.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-implement-dynamic-human-capital-allocation-strategies\"><strong>Implement dynamic human capital allocation strategies<\/strong><\/h3>\n\n\n\n<p>Create a company culture that welcomes change and encourages employees to be flexible, resilient, and open to new possibilities. Adopting such a mindset helps employees be more responsive to changes in their duties and see growth opportunities.<\/p>\n\n\n\n<p>Establish systems that make internal mobility possible, such as job rotations, internal job postings, and <a href=\"https:\/\/www.betterworks.com\/magazine\/integrated-talent-management-solutions\/\">talent marketplaces<\/a>. These initiatives allow employees to explore different job roles, departments, and relationships within the company. They gain new knowledge and broader experience and can contribute to a wider range of business activities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-unlock-enterprise-value-through-talent-transformation\"><strong>Unlock enterprise value through talent transformation<\/strong><\/h3>\n\n\n\n<p>A talent-to-value approach allows you to respond quickly to changing business needs and optimize talent allocation for maximum impact.<\/p>\n\n\n\n<p>Use an iterative process to make sure that talent management plans stay in line with changing business demands. This change management process involves regularly judging the results of talent initiatives, getting employee and manager feedback, and adjusting as necessary to maximize value production.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-matching-talent-to-value-through-performance-management\">Matching talent to value through performance management<\/h2>\n\n\n\n<p>Performance management that occurs continuously in the flow of work has tremendous potential to enable a talent-to-value approach to talent allocation by helping managers and employees link performance to high-level value-creation goals. The result is improved talent management, where employees understand how their work contributes to organizational goals.<\/p>\n\n\n\n<p>The data generated by these ongoing conversations can show leaders what\u2019s working and what\u2019s not so they can quickly adapt. HR leaders can use data collected in real-time to make informed decisions about how to assign talent to achieve maximum efficiency. By using this data-driven approach, you\u2019ll allocate talent in the most effective way to increase the odds of organizational success.<\/p>\n\n\n\n<p><br>Want to learn more? <a href=\"https:\/\/www.betterworks.com\/magazine\/talent-mapping\/\">Discover how to master talent mapping to drive strategic growth<\/a>.<\/p>\n\n\n<div class=\"lazyblock-post-resource-cta-Z1TGqPv align  wp-block-lazyblock-post-resource-cta\"><div class=\"custom-post-resource-box\" style=\"background:url('https:\/\/www.betterworks.com\/wp-content\/uploads\/2023\/01\/Performance-Software-Innovations-Shaping-2023-BG-Image-1200x680-1.jpg;') no-repeat center;background-color:;box-shadow: 0px 0px 18px -5px ;background-color:\">\n  <div class=\"custom-box-heading\" style=\"max-width:500%;\"><p style=\"color:#ffffff;font-size:36px\">Help employees grow into roles where they can best help your business grow.<\/p><\/div>\n  <div class=\"custom-box-cta\" style=\"\"><a class=\"et_pb_button\" href=\"https:\/\/www.betterworks.com\/magazine\/talent-mapping\/\" style=\"color:#008AAB;background-color:#ffffff;\">Learn more<\/a><\/div>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Aligning top talent to value requires a deep understanding of how people contribute. Learn how to link talent to key roles and drive business results.<\/p>\n","protected":false},"author":111,"featured_media":101425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","inline_featured_image":false,"footnotes":""},"categories":[59],"tags":[],"featured_location":[],"industry":[],"class_list":["post-8959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-strategic-alignment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Matching Talent to Value to Drive Business Results - Betterworks<\/title>\n<meta name=\"description\" content=\"Aligning top talent to value requires a deep understanding of how people contribute. 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