Co-authored by Mariana Lasprilla and Gerhard Bader

The objective of any private sector organization is to generate products or services and sell them to clients. No matter whether the focus is on best quality, lowest cost, or on maximizing both, one important asset in optimizing productivity will always be an organization’s best people – it’s top talent. Irrespective of the economic situation it remains important to be competitive by leveraging the benefits of effective Talent Management. Why? Because effective Talent Management helps increase organizational efficiency and effectiveness and has a proven strong link to financial returns: eg. in a study of high-performing companies across industries and geographies, those organizations with the top financial results were five times more likely to run mature career development processes than the bottom performers1.



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