Talent Management Is Critical For Socioeconomic Advancement – Phillips Consulting

The managing director of Phillips Consulting (pcl), Rob Taiwo, has emphasised the significance of talent management, its role in social mobility and how business leaders can make a difference in managing talent.

He spoke at the Talent Management 2.0 Event held in Lagos with the theme, “Transformative Talent Management: Embracing Change for Competitive Advantage”, which drew human resource (HR) managers and industry leaders from diverse sectors.

Taiwo said, “Beyond the boardroom, 63 per cent of Nigerians are multidimensionally poor, and talent management is a critical equaliser in the fight for social mobility and socioeconomic advancement. When both are in sync, they advance equitable opportunity, diversity and inclusion.”

The forum provided invaluable insights and strategies for optimising talent management practices in today’s competitive business landscape.

It provided invaluable insights and strategies for optimising talent management practices in today’s competitive business landscape.

Renowned speakers and industry experts engaged in insightful discussions on the evolving landscape of talent management, sharing their expertise and perspectives on best practices and emerging trends. The panellists discussed the changing dynamics of talent management and shared experiences and insights on managing people for the growth of organisations.

Chief Talent Partner, YF Talent Partners, Yemi Faseun, highlighted that, “Today’s workforce looks beyond pay. Organisations have stayed too long in the linear perspective of managing talent, focusing more on pay and promotion rather than healthy work-life balance and positive work culture.” He further suggested that organisations need to change their relationship style from a traditional HR approach to applying empathy and trust.

In addition, chairman, Algorithm Media Nigeria Limited, Seni Adetu, emphasised the importance of an effective talent management leader and noted that people, reputation and brand are a tripod, each indispensable, and their combination constitutes a business’s greatest asset, adding that organisations should treat their talents like a brand.

The Head of HR, FSDH Merchant Bank Limited, Olubukola Lanipekun-Lawal, highlighted the importance of data-driven decisions when managing talent, adding that organisations should focus more on the employees’ experience by providing the necessary tools to support the growth of employees.

The organisers used the event to unveil the ‘Talent Management Report 2.0 – The Balance Between Economic Pressures and Your Talent Management Strategy.’ an outcome of the extensive research and data analysis conducted by Phillips Consulting (pcl).

The report provides in-depth insights into the shifts in talent management amidst economic pressures, the strategies organisations can implement to manage talent effectively, and the role of total rewards in driving talent management.