Only strong talent and the right performance conditions created by an Individual Development Plan provide a winning formula for revenue growth.
Once the functional strategies are developed, Talent must be prepared to provide “A” players who can execute them.
But even after HR finds key candidates, the new hires still have to be brought up to speed on the company’s best practices and year-round goals. This process needs to be as swift and seamless as possible. Otherwise, resources will go to waste and KPIs will be missed.
This is why it’s crucial for Talent to have personalized and custom development plans in place.
As SBI discovered, top-performing organizations organize their Talent Strategies across various different phases, including profiling, assessing, sourcing, and hiring. Talent development is just one cog in the Talent wheel. But it is vital as it can make or break your organization depending on how you execute their production, usage, and adoption.
Here’s how best-in-class companies are developing new talent.
The first step is getting your arms around a specific template to use. Download this sample Individual Development Plan Template and compare it to the one you are using.
Download our A Player Sales Competency Tool to receive aid in assessing your Sales Organization to Emerging Best Practices.
Armed with these two tools, you are already on your way to embracing a best practices approach.
Developing Talent To Make The Number
When developing your Talent Strategy, you will also get a grasp on how long it should take to develop a new hire in each department.
Onboarding may be a one-time phase for most new hires. But talent development is constantly executed. After all, the market and competition continue to evolve, so key players must always be up to date on the changing landscape
To make sure everyone is on the right page, Talent must produce an Individual Development Plan for each member of the revenue growth team. These plans will help each person enforce behaviors that are working well and correct those that aren’t.
Just having an annual talent review process in place is not sufficient. Because it doesn’t provide for organizations to come together and gradually manage performance. And these reviews usually only include a few top company members. For truly successful talent development, everyone must be involved—from HR and Sales Enablement to middle management and individual contributors.
Of course, to bring all of these teams and positions together, your organization’s strategies must be aligned. Only then will you be set up to make your number this year. As SBI learned, top-performing companies prepare for the year ahead with a specific, yet learnable process. Register for our consultation workshop today, and we’ll combine our research with your company’s needs to ensure success.
Download our A Player Sales Competency Tool and our Individual Development Plan Template to receive aid in assessing your Sales Organization to Emerging Best Practices.
Additional Resources
Schedule a working session at SBI’s Studio.
Located in Dallas, TX, our facility offers state-of-the-art meeting rooms, lounge, full-service bar, and a studio used to tape our TV shows. SBI provides the location and facilitators, all at a compelling price point.
As a guest of The Studio, you’ll get unlimited access to SBI’s CEO, Partners, and a handpicked team of experts. Together we’ll focus on developing an action plan for your needs by getting a month of work done in just eight hours. It’s an amplified experience that you can only get in one place: The Studio. I hope you join us.
