{"id":96677,"date":"2023-03-23T11:41:13","date_gmt":"2023-03-23T09:41:13","guid":{"rendered":"https:\/\/factorialhr.com\/blog\/?p=96677"},"modified":"2026-03-27T14:37:47","modified_gmt":"2026-03-27T12:37:47","slug":"talent-management-strategy","status":"publish","type":"post","link":"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/","title":{"rendered":"Developing a Comprehensive Talent Management Strategy"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Your people are your company\u2019s most valuable asset, which is why talent management is so important. It covers everything to do with\u2026 well\u2026talent.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Effective talent processes can result in increased productivity, reduced turnover and stronger business performance and competitiveness. But, when mismanaged, companies might experience low staff retention and poor performance, both of which can cause irreparable damage to the employer&#8217;s reputation.<\/span><\/p>\n<p><b>In this article, we\u2019ll guide you through how to develop a comprehensive talent management strategy and the impact this can have on your company\u2019s success.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\"><div class=\"js-toc toc\">\n<p class=\"js-toc-title toc__title\">Table of Contents<\/p>\n<nav id=\"fac_toc_nav\" class=\"js-toc-nav toc__nav\" aria-label=\"Table of Contents\"><ol class=\"toc__list toc__list--level-1\"><li class=\"toc-heading-level-2\"><a class=\"toc__link toc-link-heading-1\" href=\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/#what-is-talent-management\" title=\"What is Talent Management?\" data-target-id=\"what-is-talent-management\">What is Talent Management?<\/a><\/li><li class=\"toc-heading-level-2\"><a class=\"toc__link toc-link-heading-2\" href=\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/#the-benefits-of-effective-talent-management\" title=\"The Benefits of Effective Talent Management\" data-target-id=\"the-benefits-of-effective-talent-management\">The Benefits of Effective Talent Management<\/a><\/li><li class=\"toc-heading-level-2\"><a class=\"toc__link toc-link-heading-3\" href=\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/#key-steps-to-developing-a-talent-management-strategy\" title=\"Key Steps to Developing a Talent Management Strategy\" data-target-id=\"key-steps-to-developing-a-talent-management-strategy\">Key Steps to Developing a Talent Management Strategy<\/a><\/li><li class=\"toc-heading-level-2\"><a class=\"toc__link toc-link-heading-4\" href=\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/#how-can-factorial-help-you-execute-your-talent-management-strategy\" title=\"How Can Factorial Help You Execute Your Talent Management Strategy?\" data-target-id=\"how-can-factorial-help-you-execute-your-talent-management-strategy\">How Can Factorial Help You Execute Your Talent Management Strategy?<\/a><\/li><\/ol><\/nav><\/div><\/span><\/p>\n<h2><b>What is Talent Management?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/factorialhr.co.uk\/blog\/talent-management\/\">Talent management<\/a> covers everything from candidate attraction to development, retention and offboarding. It ensures all of the employees in your organisation progress, succeed and drive your business objectives.<\/span><\/p>\n<p><b>To get it right, companies must find the balance between identifying critical competencies needed to achieve business goals and developing strategies to acquire and develop those skills within their workforce<\/b><span style=\"font-weight: 400;\">. Doing so requires a strategy that touches upon each stage of the employee life-cycle, including:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">Recruitment and hiring<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">Performance management<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">Learning and development<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">Succession planning<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">Employee engagement.<\/span><\/li>\n<\/ul>\n<p><b>The goal? To make sure your business has the right <\/b><b><i>people<\/i><\/b><b> with the right <\/b><b><i>skills<\/i><\/b><b> in the right <\/b><b><i>positions<\/i><\/b><b> to achieve its objectives<\/b><span style=\"font-weight: 400;\">.\u00a0\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-96698\" src=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/23113140\/pexels-fauxels-3182752_11zon-1024x683.jpg\" alt=\"the benefits of developing an effective talent management strategy\" width=\"939\" height=\"626\" srcset=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/23113140\/pexels-fauxels-3182752_11zon-1024x683.jpg 1024w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/23113140\/pexels-fauxels-3182752_11zon-300x200.jpg 300w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/23113140\/pexels-fauxels-3182752_11zon-768x512.jpg 768w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/23113140\/pexels-fauxels-3182752_11zon-1536x1024.jpg 1536w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/23113140\/pexels-fauxels-3182752_11zon-2048x1365.jpg 2048w\" sizes=\"(max-width: 939px) 100vw, 939px\" \/><\/p>\n<h2><b>The Benefits of Effective Talent Management<\/b><\/h2>\n<h3><b>Performance and Productivity<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Talent management strategies such as performance management, <\/span><a href=\"https:\/\/factorialhr.co.uk\/blog\/benefits-of-coaching\/\"><span style=\"font-weight: 400;\">coaching<\/span><\/a><span style=\"font-weight: 400;\"> and mentoring all contribute to the employee experience whilst developing their skills. When teams have a positive experience at work and feel a sense of purpose and meaning, it also has a positive effect on productivity. Research has proven that happy employees are <\/span><a href=\"https:\/\/warwick.ac.uk\/newsandevents\/pressreleases\/new_study_shows\/\"><span style=\"font-weight: 400;\">12% more productive<\/span><\/a><span style=\"font-weight: 400;\"> and engaged employees are 50% more likely to exceed performance targets. <\/span><b>Happy, engaged individuals equal productive, high-performing teams.<\/b><\/p>\n<h3><b>Diversity, Equity and Inclusion<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Diversity, equity and inclusion go hand in hand with talent management. A study found 70% of companies that rated themselves as &#8220;world-class&#8221; in relation to talent programmes placed<\/span><a href=\"https:\/\/www2.deloitte.com\/content\/dam\/insights\/us\/articles\/talent-edge-2020-blueprints-for-the-new-normal\/DUP100_TalentEdge2020_Blueprints_For_New_Normal.pdf\"> <span style=\"font-weight: 400;\">gender issues and global diversity<\/span><\/a><span style=\"font-weight: 400;\"> as a priority. Those that rated their programmes less highly only saw 43% planning to concentrate on gender issues and 61% on diversity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First and foremost, D&amp;I has become fundamental to job seekers, who are even willing to pursue jobs with lower salaries to work in businesses they see as more diverse. The fact that <\/span><b>employee review site <\/b><a href=\"https:\/\/www.glassdoor.es\/index.htm\"><b>Glassdoor<\/b><\/a><b> now allows people to rate their satisfaction with DE&amp;I at their companies highlights how crucial a role it plays in jobseekers\u2019 decision-making.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">But the benefits extend further than talent attraction. Diversity increases employee learning, creativity, sense of belonging and pride in work, all of which contribute to positive business results. According to Gartner, companies that focus on D&amp;I have as much as<\/span><a href=\"https:\/\/www.greenhouse.io\/blog\/5-benefits-of-diversity-in-the-workplace\"> <span style=\"font-weight: 400;\">1.4x more revenue per employee<\/span><\/a><span style=\"font-weight: 400;\"> and are 120% more capable of meeting financial targets.<\/span><\/p>\n<h3><b>Culture<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">It\u2019s chicken-or-egg with culture and talent management; the two consistently impact and shape each other.\u00a0 Culture shapes employee behaviour, employee behaviour also shapes culture.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Company culture also plays a role in shaping how an organisation is perceived from the outside \u2013 the employer brand &#8211; which can help to attract and retain top talent. The building blocks of a strong culture are very similar to that of talent management:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">Opportunities for learning and development.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">Recognising and rewarding high performance.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">Creating a positive work environment.\u00a0<\/span><\/li>\n<\/ul>\n<h3><b>Employee <\/b><a href=\"https:\/\/factorialhr.co.uk\/blog\/employee-engagement-survey\/\" target=\"_blank\" rel=\"noopener\"><b>Engagement<\/b><\/a><\/h3>\n<p><span style=\"font-weight: 400;\">When you invest in talent management, you ensure onboarding, learning, development and progression processes are strengthened and streamlined. You are showing your employees that you value them and hold them at the centre of your organisation, which is the precursor to engaged teams.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Accenture, this can only strengthen your bottom line. Businesses with highly engaged workforces have <\/span><a href=\"https:\/\/www.accenture.com\/_acnmedia\/PDF-64\"><span style=\"font-weight: 400;\">21% higher profits<\/span><\/a><span style=\"font-weight: 400;\"> than those with poor engagement. Plus, companies that fall into the top 20% of engagement scores experience 41% less <\/span><span style=\"font-weight: 400;\">absenteeism<\/span><span style=\"font-weight: 400;\"> and 59% lower turnover.<\/span><\/p>\n<p><a href=\"https:\/\/factorialhr.co.uk\/templates\/employee-satisfaction-survey\"><img decoding=\"async\" class=\"aligncenter wp-image-96578 size-large\" src=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/22181117\/employeeengage_11zon-1024x349.jpg\" alt=\"free survey checklist for employee engagement and retention\" width=\"1024\" height=\"349\" srcset=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/22181117\/employeeengage_11zon-1024x349.jpg 1024w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/22181117\/employeeengage_11zon-300x102.jpg 300w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/22181117\/employeeengage_11zon-768x262.jpg 768w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/22181117\/employeeengage_11zon.jpg 1135w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<h3><b>Data<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Often, data is the driver of key business decisions, and a top talent management strategy will supply you with plenty!\u00a0 Key performance indicators will help you track your efforts and report on progress. <\/span><b>This will allow you to make evidence-based decisions as you move forward with your strategy, building on successes and improving where necessary.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">HR software can help you manage your data and generate more <\/span><a href=\"https:\/\/factorialhr.co.uk\/hr-reports\"><span style=\"font-weight: 400;\">insightful reports<\/span><\/a><span style=\"font-weight: 400;\"> to monitor the progress of your talent management strategy against your business&#8217;s goals and objectives.<\/span><\/p>\n<h2><b>Key Steps to Developing a Talent Management Strategy<\/b><\/h2>\n<h3><span style=\"font-weight: 400;\">\u00a0<\/span><b>1)<\/b><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 <\/span><b>Define your organisation&#8217;s goals and objectives<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Start with your business strategy. Your talent management strategy should always align with your overall business <\/span><span style=\"font-weight: 400;\">goals and objectives<\/span><span style=\"font-weight: 400;\">. Ascertain what your company needs to achieve its goals and the barriers to getting there. <\/span><b>Then consider the people and skills you need to help realise them.<\/b><\/p>\n<h3><b>2)<\/b><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 <\/span><b>Assess your current talent<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">What are the gaps in your current workforce, and are they critical to your success? This is also the <a href=\"https:\/\/factorialhr.co.uk\/blog\/time-management-productivity\/\">time<\/a> to evaluate career paths and development opportunities, take stock of high performers, and look for employees with skills, competencies and the potential to succeed. The <\/span><a href=\"https:\/\/factorialhr.co.uk\/blog\/9-box-grid-explained\/\"><span style=\"font-weight: 400;\">9-box grid<\/span><\/a><span style=\"font-weight: 400;\"> is an effective tool for doing so.\u00a0<\/span><\/p>\n<p><iframe title=\"YouTube video player\" src=\"\/\/www.youtube.com\/embed\/_c_c8qVnotE\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3><b>3)<\/b><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 <\/span><b>Identify critical positions<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Think about the skills and competencies you need to achieve the goals of the business. These should form the basis of the job positions that you create.\u00a0<\/span><\/p>\n<h3><b>4)<\/b><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 <\/span><b>Start succession planning<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Once you&#8217;ve identified and filled your critical positions, you need a plan for when an employee either progresses internally or leaves the business. Think about which roles your current talent pool could move to in the future and ensure they have the training and development opportunities they need available to them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This process will be much easier if you have been continuously cross-training your teams. <\/span><b>Businesses are left in the lurch all too often when an employee moves on and takes their undocumented knowledge with them!\u00a0<\/b><\/p>\n<h3><b>5)<\/b><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 <\/span><b>Develop a recruitment strategy<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The importance of a strong talent attraction shouldn\u2019t be overlooked! Hire well and you\u2019ll build a strong workforce which will make internal talent management processes easier down the line.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A recruitment strategy is a lot more than salaries and job ads. It\u2019s built on five key pillars which each require attention and planning:\u00a0\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/factorialhr.co.uk\/blog\/workforce-planning\/\"><span style=\"font-weight: 400;\">Workforce Planning<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employer Branding\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sourcing Candidates\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interviewing\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Onboarding\u00a0<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Treating your existing employees well can go a long way in attracting talent, too. Consider implementing an <\/span><a href=\"https:\/\/factorialhr.co.uk\/blog\/evp\/\"><span style=\"font-weight: 400;\">employee value proposition<\/span><\/a><span style=\"font-weight: 400;\"> and shouting about it at every stage of your recruitment pipeline. This is a way of standing out from competitors and incentivising top talent to join your business.<\/span><\/p>\n<h3><b>6)<\/b><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 <\/span><b>Implement a performance management system<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Once you&#8217;ve built the right team and provided them with the relevant tools and training, you\u2019ll need to monitor their progress and performance to ensure you\u2019re getting the best out of each individual.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/factorialhr.co.uk\/performance-management\"><span style=\"font-weight: 400;\">per\u00adfor\u00admance man\u00adage\u00adment<\/span><\/a><span style=\"font-weight: 400;\"> sys\u00adtem aligns the broader organ\u00adi\u00adsa\u00adtion\u00adal goals with the objectives of employ\u00adees, allowing you to boost busi\u00adness growth whilst sup\u00adport\u00ading employee per\u00adfor\u00admance and pro\u00adduc\u00adtiv\u00adi\u00adty. This should involve 360-degree feedback, performance appraisals and performance improvement plans.\u00a0 If you would prefer to carry out a competency-based evaluation, consider using the <\/span><a href=\"https:\/\/factorialhr.co.uk\/blog\/9-box-grid-explained\/\"><span style=\"font-weight: 400;\">9-box grid<\/span><\/a><span style=\"font-weight: 400;\"> which evaluates an employee&#8217;s current productivity and future potential.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However you choose to do so, tracking performance will allow you to identify underperformers and create action plans for talent development.\u00a0\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-96704\" src=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/23113411\/pexels-rfstudio-3811082_11zon-1024x732.jpg\" alt=\"the benefits of developing an effective talent management strategy\" width=\"893\" height=\"638\" srcset=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/23113411\/pexels-rfstudio-3811082_11zon-1024x732.jpg 1024w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/23113411\/pexels-rfstudio-3811082_11zon-300x214.jpg 300w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/23113411\/pexels-rfstudio-3811082_11zon-768x549.jpg 768w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/23113411\/pexels-rfstudio-3811082_11zon-1536x1097.jpg 1536w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/23113411\/pexels-rfstudio-3811082_11zon-2048x1463.jpg 2048w\" sizes=\"(max-width: 893px) 100vw, 893px\" \/><\/p>\n<h3><b>7)<\/b><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 <\/span><b>Focus on training and development<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Make sure training programmes are readily available and accessible to all employees. Offering development initiatives will empower your employees to develop the skills and knowledge they need to perform their current roles <\/span><i><span style=\"font-weight: 400;\">and<\/span><\/i><span style=\"font-weight: 400;\"> prepare them for future roles. L&amp;D initiatives have also been proven to create high-performing workplaces that generate greater ROI. A Gallup report revealed that companies investing in training schemes see <\/span><a href=\"https:\/\/axonify.com\/en-uk\/blog\/useful-learning-and-development-statistics\/\"><span style=\"font-weight: 400;\">11% greater profitability and are twice as likely to retain their employees<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h3><b>8)<\/b><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 <\/span><b>Foster a high-performance culture<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">This step is about <\/span><b>communicating and reinforcing values and positive behaviours.<\/b><span style=\"font-weight: 400;\"> Of course, highlighting overarching goals and objectives is important, but it\u2019s not the only way to boost performance. You also need to encourage soft skills such as collaboration, agility, open-mindedness, creativity and purpose-driven work.\u00a0 These are just as integral to employee\u00a0 productivity!\u00a0<\/span><\/p>\n<h3><b>9)<\/b><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 <\/span><b>Continuously monitor and evaluate<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">To ensure your talent management strategy remains effective, you must keep adapting and improving your plan. Being agile will allow you to react faster if business priorities, recruitment trends or other external factors change.\u00a0<\/span><\/p>\n<h2><b>How Can Factorial Help You Execute Your Talent Management Strategy?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Factorial&#8217;s talent management solution is formed of four key components to help you effectively execute, monitor and evaluate your strategy.<\/span><\/p>\n<h3><a href=\"https:\/\/factorialhr.co.uk\/applicant-tracking-system\"><b>Applicant Tracking System<\/b><\/a><\/h3>\n<p><span style=\"font-weight: 400;\">With Factorial, you can create a fully customisable career page that showcases your employer brand. You can manage candidates through the hiring process and automate your communications so that even unsuccessful candidates receive a response.\u00a0<\/span><\/p>\n<h3><b>Employee Onboarding and Offboarding<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Factorial\u2019s onboarding tool ensures new hires are integrated efficiently and hit the ground running. Plus, any personal information gathered through the ATS is saved and carried across into onboarding to avoid extra admin. The platform also streamlines offboarding by customising workflows and assigning tasks to all employees involved in the departure!\u00a0<\/span><\/p>\n<h3><b>Performance Management<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Our performance management tool gives you insight into every level of your workforce so you can support employee development and make more informed decisions about your team. You can even automate the entire performance review process to make feedback and improvement plans less time-consuming.\u00a0<\/span><\/p>\n<h3><b>Measure and Align Company and Employee Goals<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Factorial\u2019s insights tool empowers you to measure company and employee objectives using OKR methodology. This way, you can ensure your talent management strategy aligns with your business goals. It also allows you to track key metrics to monitor performance and <\/span><span style=\"font-weight: 400;\">productivity<\/span><span style=\"font-weight: 400;\"> and to inform tweaks to your strategy.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2705Give Factorial a try for<\/span><a href=\"https:\/\/factorialhr.co.uk\/get-started\"><span style=\"font-weight: 400;\"> free for 14 days<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><a href=\"https:\/\/factorialhr.co.uk\/get-started\"><img decoding=\"async\" class=\"aligncenter wp-image-96481 size-full\" src=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/22155416\/Get-started_11zon-12.jpg\" alt=\"hris free trial factorial software for managing people and work-life balance\" width=\"900\" height=\"308\" srcset=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/22155416\/Get-started_11zon-12.jpg 900w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/22155416\/Get-started_11zon-12-300x103.jpg 300w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/22155416\/Get-started_11zon-12-768x263.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your people are your company\u2019s most valuable asset, which is why talent management is so important. It covers everything to do with\u2026 well\u2026talent.\u00a0 Effective talent processes can result in increased productivity, reduced turnover and stronger business performance and competitiveness. But, when mismanaged, companies might experience low staff retention and poor performance, both of which can<a href=\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/\" class=\"read-more\"> [&#8230;]<\/a><\/p>\n","protected":false},"author":161,"featured_media":98485,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[337],"tags":[],"class_list":["post-96677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-talent"],"acf":{"topics":"talent-onboarding"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Developing a Comprehensive Talent Management Strategy | Factorial<\/title>\n<meta name=\"description\" content=\"Discover the 9 key steps to developing a comprehensive talent management strategy, from talent attraction to performance management and learning and development.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developing a Comprehensive Talent Management Strategy\" \/>\n<meta property=\"og:description\" content=\"Discover the 9 key steps to developing a comprehensive talent management strategy, from talent attraction to performance management and learning and development.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/\" \/>\n<meta property=\"og:site_name\" content=\"Factorial\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/people\/Factorial\/100064908455810\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-23T09:41:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-27T12:37:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/06152822\/Frame-34361-13_11zon.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jessie Curnock\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@factorialapp\" \/>\n<meta name=\"twitter:site\" content=\"@factorialapp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jessie Curnock\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/\"},\"author\":{\"name\":\"Jessie Curnock\",\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/#\/schema\/person\/753d988757b32943260fe25e7073499a\"},\"headline\":\"Developing a Comprehensive Talent Management Strategy\",\"datePublished\":\"2023-03-23T09:41:13+00:00\",\"dateModified\":\"2026-03-27T12:37:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/\"},\"wordCount\":1629,\"publisher\":{\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/#organization\"},\"articleSection\":[\"Talent Management\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/\",\"url\":\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/\",\"name\":\"Developing a Comprehensive Talent Management Strategy | Factorial\",\"isPartOf\":{\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/#website\"},\"datePublished\":\"2023-03-23T09:41:13+00:00\",\"dateModified\":\"2026-03-27T12:37:47+00:00\",\"description\":\"Discover the 9 key steps to developing a comprehensive talent management strategy, from talent attraction to performance management and learning and development.\",\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/#website\",\"url\":\"https:\/\/factorialhr.co.uk\/blog\/\",\"name\":\"Factorial\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/factorialhr.co.uk\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/#organization\",\"name\":\"All-in-one business management software - Factorial\",\"url\":\"https:\/\/factorialhr.co.uk\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/07\/18155144\/factorial-logo.png\",\"contentUrl\":\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/07\/18155144\/factorial-logo.png\",\"width\":946,\"height\":880,\"caption\":\"All-in-one business management software - Factorial\"},\"image\":{\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/people\/Factorial\/100064908455810\/\",\"https:\/\/twitter.com\/factorialapp\",\"https:\/\/www.linkedin.com\/company\/factorialhr\",\"https:\/\/www.youtube.com\/@factorialmedia\",\"https:\/\/www.instagram.com\/factorial\/#\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/#\/schema\/person\/753d988757b32943260fe25e7073499a\",\"name\":\"Jessie Curnock\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/factorialhr.co.uk\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c1faf2ff77adcd162a049a83eeb66e82?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c1faf2ff77adcd162a049a83eeb66e82?s=96&d=identicon&r=g\",\"caption\":\"Jessie Curnock\"},\"description\":\"Jessie is an experienced content creator and copywriter specialising in technology and telecommunications. She comes to the HR technology space keen to exercise a passion for people and the human resources industry.\",\"url\":\"https:\/\/factorialhr.co.uk\/blog\/author\/jessiecurnock\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Developing a Comprehensive Talent Management Strategy | Factorial","description":"Discover the 9 key steps to developing a comprehensive talent management strategy, from talent attraction to performance management and learning and development.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/","og_locale":"en_GB","og_type":"article","og_title":"Developing a Comprehensive Talent Management Strategy","og_description":"Discover the 9 key steps to developing a comprehensive talent management strategy, from talent attraction to performance management and learning and development.","og_url":"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/","og_site_name":"Factorial","article_publisher":"https:\/\/www.facebook.com\/people\/Factorial\/100064908455810\/","article_published_time":"2023-03-23T09:41:13+00:00","article_modified_time":"2026-03-27T12:37:47+00:00","og_image":[{"width":820,"height":400,"url":"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/03\/06152822\/Frame-34361-13_11zon.jpg","type":"image\/jpeg"}],"author":"Jessie Curnock","twitter_card":"summary_large_image","twitter_creator":"@factorialapp","twitter_site":"@factorialapp","twitter_misc":{"Written by":"Jessie Curnock","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/#article","isPartOf":{"@id":"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/"},"author":{"name":"Jessie Curnock","@id":"https:\/\/factorialhr.co.uk\/blog\/#\/schema\/person\/753d988757b32943260fe25e7073499a"},"headline":"Developing a Comprehensive Talent Management Strategy","datePublished":"2023-03-23T09:41:13+00:00","dateModified":"2026-03-27T12:37:47+00:00","mainEntityOfPage":{"@id":"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/"},"wordCount":1629,"publisher":{"@id":"https:\/\/factorialhr.co.uk\/blog\/#organization"},"articleSection":["Talent Management"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/","url":"https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/","name":"Developing a Comprehensive Talent Management Strategy | Factorial","isPartOf":{"@id":"https:\/\/factorialhr.co.uk\/blog\/#website"},"datePublished":"2023-03-23T09:41:13+00:00","dateModified":"2026-03-27T12:37:47+00:00","description":"Discover the 9 key steps to developing a comprehensive talent management strategy, from talent attraction to performance management and learning and development.","inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/factorialhr.co.uk\/blog\/talent-management-strategy\/"]}]},{"@type":"WebSite","@id":"https:\/\/factorialhr.co.uk\/blog\/#website","url":"https:\/\/factorialhr.co.uk\/blog\/","name":"Factorial","description":"","publisher":{"@id":"https:\/\/factorialhr.co.uk\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/factorialhr.co.uk\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/factorialhr.co.uk\/blog\/#organization","name":"All-in-one business management software - Factorial","url":"https:\/\/factorialhr.co.uk\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/factorialhr.co.uk\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/07\/18155144\/factorial-logo.png","contentUrl":"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2023\/07\/18155144\/factorial-logo.png","width":946,"height":880,"caption":"All-in-one business management software - Factorial"},"image":{"@id":"https:\/\/factorialhr.co.uk\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/people\/Factorial\/100064908455810\/","https:\/\/twitter.com\/factorialapp","https:\/\/www.linkedin.com\/company\/factorialhr","https:\/\/www.youtube.com\/@factorialmedia","https:\/\/www.instagram.com\/factorial\/#"]},{"@type":"Person","@id":"https:\/\/factorialhr.co.uk\/blog\/#\/schema\/person\/753d988757b32943260fe25e7073499a","name":"Jessie Curnock","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/factorialhr.co.uk\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c1faf2ff77adcd162a049a83eeb66e82?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c1faf2ff77adcd162a049a83eeb66e82?s=96&d=identicon&r=g","caption":"Jessie Curnock"},"description":"Jessie is an experienced content creator and copywriter specialising in technology and telecommunications. She comes to the HR technology space keen to exercise a passion for people and the human resources industry.","url":"https:\/\/factorialhr.co.uk\/blog\/author\/jessiecurnock\/"}]}},"_links":{"self":[{"href":"https:\/\/factorialhr.co.uk\/blog\/wp-json\/wp\/v2\/posts\/96677"}],"collection":[{"href":"https:\/\/factorialhr.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/factorialhr.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/factorialhr.co.uk\/blog\/wp-json\/wp\/v2\/users\/161"}],"replies":[{"embeddable":true,"href":"https:\/\/factorialhr.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=96677"}],"version-history":[{"count":11,"href":"https:\/\/factorialhr.co.uk\/blog\/wp-json\/wp\/v2\/posts\/96677\/revisions"}],"predecessor-version":[{"id":185050,"href":"https:\/\/factorialhr.co.uk\/blog\/wp-json\/wp\/v2\/posts\/96677\/revisions\/185050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/factorialhr.co.uk\/blog\/wp-json\/wp\/v2\/media\/98485"}],"wp:attachment":[{"href":"https:\/\/factorialhr.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=96677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/factorialhr.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=96677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/factorialhr.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=96677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}