Now is The Time to Consider Your Organisational Structure and Talent Strategy
Released On 9th Jun 2020
Especially if you have had to pivot or adapt throughout COVID-19 to get to this point.
A great talent strategy and effective organisational structure need to be relentlessly focused on supporting the company’s overarching business strategy – they must work in perfect harmony for the business to succeed.
Adopting a strategic approach to talent strategy and talent planning will enable you to align the efforts of your most valuable asset – your people – with your organisational objectives. But the talent strategy will only deliver if it ‘sticks’ and can demonstrate value. The cornerstones of an effective talent strategy are:
- Alignment of your talent strategy with wider organisational strategy and the business culture. Be clear on what you want to achieve and the challenges you may face.
- Segment your talent needs and be clear on what is crucial to the success of your business to subsequently build a plan as to how you manage, attract, develop, and retain the skills critical to your business growth.
- Be transparent about how talent is managed and developed.
- Create not only external recruitment plans, but also internal upskilling and succession planning. Take care to build internal capability.
- Create simple but robust systems and processes.
Once you have created your talent strategy, consider the talent cycle of:
- Develop a talent strategy
- Attract talent
- Identify talent
- Develop talent
- Deploy talent
- Retain talent
To support you in continuing to develop your talent strategy, attracting, and retaining the best people into your business.
Your organisational structure is also intricately linked to the operations of the business. If the people structure isn’t right or requires re-alignment, the business is unlikely to reach its goals. Organisational structure can be deployed within a business in many forms, but to develop it, you first will need to define the framework upon which your business operates.
These are the cornerstones of building a simple but effective organisational structure:
- Complete clarity on the goals of the business and the capability required to reach those goals – a talent strategy.
- Definition of the roles in the business, and the work that needs to be done.
- Assigning of roles to people – bring the structure to life, and remember that more than one-person can fill a role.
- Governance, leadership, and reporting. Choose a traditional hierarchy and reporting lines, investigate Holacracy or another innovative organisational structure method. However you do it, just make sure someone has responsibility for ensuring work gets done and people are happy.
Investing in people may feel risky in the current climate. If you are planning to grow your business, mitigate that risk and plan your strategy.