Potential supports agile learning at scale, motivating employees to continuously grow.
What is talent development?
Talent development refers to an organisation’s strategic efforts to nurture and enhance the skills, knowledge and abilities of their employees. It involves identifying individuals with latent potential and providing them with opportunities for growth through formal training, mentorship programs or project delivery.
Effective talent development plans help boost engagement and retention, ensure a continuous pipeline of new skills in areas of high or growing demand and propel business strategy forward by fully utilising each employee’s abilities.
How does talent development work on Potential?
Using data from our market-leading talent assessment suite, Potential takes each employee’s skills profile and enriches it with innovative psychometric and cognitive insights to create a holistic view of where they are now – and where they could go.
Top talent is matched to future-focused roles and career pathways which align their professional development goals with organisational needs. Personalised insights motivate all employees pursue areas where they’re likely to excel, creating a company culture of continuous learning and development driven by employee success.
Why should organisations prioritise talent development programs?
60%
of roles are expected to require new skills in the next three years.
75%
of companies plan to adopt emerging tech like big data, cloud and AI in the next five years.
6in10
workers will need training before 2027.
50%
of all workers don’t have access to adequate training opportunities.
Skills lag refers to the gap between the skills employees currently have and the skills that are required to meet the evolving demands of their roles or the broader industry. It arises due to rapid technological advancements, changing market conditions and shifting organisational goals .
When employees' capabilities don’t keep pace with these changes, skills gaps emerge which can lead to decreased productivity, innovation and competitiveness. Rather than looking for new hires, addressing skills lag involves targeted and continuous talent development to ensure that the workforce is equipped with the skills to drive business success.
The benefits of developing your workforce skills:
Nurture employees to become leaders
Align learning opportunities with business goals
Engage and retain top talent
Take advantage of new and emerging technologies
Improve productivity and performance
Boost workforce agility and adaptability
Want to find and utilise latent talent in your workforce?
