Hello Anish,
Employers have three choices.
Choice 1. Hire/promote competent applicants (or train them to become competent).
Choice 2. Hire/promote competent applicants (or train them to become competent) who fit the culture.
Choice 3. Hire/promote competent applicants (or train them to become competent) who fit the culture and have the talent for job success.
All three choices give us competent employees.
Choice 2 gives us competent employees who are not misfits in the culture.
Choice 3 gives us competent employees who are not misfits in the culture and who have the talent for job success.
Identifying the talent required for each job seems to be missing from talent and management discussions.
If we ignore any of the three criteria, our workforce will be less successful with higher turnover than if we do not ignore any of the three criteria.
1. Competence
2. Cultural Fit
3. Talent
There are many factors to consider when hiring and managing talent but first we need to define talent unless "hiring talent" means "hiring employees." Everyone wants to hire for and manage talent but if we can't answer the five questions below with specificity, we can't hire or manage talent effectively.
1. How do we define talent?
2. How do we measure talent?
3. How do we know a candidate’s talent?
4. How do we know what talent is required for each job?
5. How do we match a candidate’s talent to the talent demanded by the job?
Most people cannot answer the five questions with specificity but the answers provide the framework for hiring successful employees and creating an engaged workforce.
Talent is not found in resumes or interviews or background checks or college transcripts. Talent must be hired since it cannot be acquired or imparted after the hire.