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Talent Management Lessons From The Olympics (Learn from the world’s greatest talent competition)

Dr. John Sullivan

Below is my list of the key Olympic talent management practices you should consider adopting at your corporation. The Olympics produce record-breaking results using a scientific/data-driven talent management model – among the Olympic coaches, attracting exceptional talent and achieving top performance is seen as a science, not an art.

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What Is Talent Mobility and How to Develop a Strategy

HR Lineup

Step 3: Build a Culture of Internal Mobility To encourage employees and managers to embrace talent mobility: Promote internal job postings and encourage employees to apply. Reward managers who support internal transfers instead of hoarding talent. On-the-job training to help employees quickly adapt to new roles.

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Boost employee engagement with HR performance management tools

MiHCM

Gone are the days when HR performance management tools were limited to annual performance reviews. Today’s systems support continuous coaching, ongoing feedback, and data-driven decision making. Development : Tailoring coaching and training plans based on performance data.

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Reduce Employee Turnover: 7 Proven Ways to Leverage Exit Interviews

Hoops

Coach (and reward) managers on what theyre doing well Even small wins, like a shoutout to team culture, can become powerful retention drivers when consistently reinforced. Use this insight to: Reinforce whats working internally (e.g.,

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Predictive Analytics Playbook: Future-Proofing Your HR Strategy Today

Hire Road

A recruiter can see which candidates are most likely to accept an offer; a plant supervisor can glimpse which shifts are on course to exceed safety thresholds; a rewards manager can pinpoint pay bands where compression will trigger exits. These insights matter because talent outflows rarely hurt in isolation.

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Health & Wellness Incentives: How Corporates Can Step Up the Game of Employee Wellness Programs

Empuls

  Annual gym or wellness program sponsorship – Fully sponsor a 12-month gym membership, yoga classes, or virtual fitness coaching for top achievers.    Wellness retreats & getaways – Reward high-performing employees with wellness retreats at 5-star resorts. 

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Show Me The Money!

Xoxoday

A Deloitte opinion states that pay for performance should be a natural by-product of a robust rewards management process and not the other way around.   Establish transparent, effective, and in-moment communication, coaching, and feedback mechanisms.  more likely to track performance-related data.