Talent planning plays an essential role in ensuring that manufacturers have the highest quality people in critical roles and that they have a plan in place to fulfill their talent needs as the company grows and changes. Talent planning is a broad category that includes activities such as succession planning, talent review, human resource planning, bench strength analysis, staffing, development, and performance management.
Research from the National Center for the Middle Market and Vistage demonstrates that manufacturers with superior talent planning achieve superior overall business performance. By looking closely at how middle market businesses approach talent planning, and by assessing the strengths and challenges in this space, this report provides middle market companies with talent planning insights along with a practical talent planning framework. Using the framework, middle market companies can:
- Ensure that their talent planning is aligned with company strategy
- Evaluate the robustness of their processes and policies
- See to it that top leadership is committed to the work
- Develop a workforce that is engaged in, and recognizes the value of, talent planning