As part of the Talent Management triad (Team Performance, Team Rewards, and Team Development), the team’s development plans must be thoroughly thought out with meaningful processes in place. Training efforts focus on enabling the employee to do his or her job today, while development efforts focus on the future for employees.
Meaningful for all organizations but particularly so for those choosing a “hire-for-fit” strategy, training becomes central to the successful on-boarding and performance of each team member. Longer-term career and succession planning assist the organization in making sure it has the leaders it needs in the future well-prepared and ready to make contributions to the organization’s success on day one. Determining whether the organization is going to choose a buy versus build approach plays an extremely important role in how well it will succeed or not.
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