Talent management strategy—law firms

Published by a UUÂãÁÄÖ±²¥ Practice Management expert
Precedents

Talent management strategy—law firms

Published by a UUÂãÁÄÖ±²¥ Practice Management expert

Precedents
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Talent management strategy

SectionQuestions to ask yourselfResponse
IntroductionWhy is a talent management strategy needed?
What do you hope to achieve?
How long will it take to achieve?
What does this strategy cover?
Who will own and drive this strategy?
[Link your plan to the firm’s business plan, ie if the business plan is a five year plan then this talent management strategy should also be a five year plan.]
[Include references and links to other related plans, policies and strategies.]
[A named individual with overall accountability for driving the project needs to be included.]
Links to the business planHow does this strategy support and complement the business plan?
What are the key objectives of the business plan and how will this strategy help to achieve them?
What are the internal and external forces driving this change?
What happens if you don’t implement this strategy?
[The key objectives of the business plan should be listed and a clear link made to the talents/skills required.]
[Outline what is driving this change to be implemented now.]
[As well as highlighting the benefits of the talent management strategy, outline the dangers
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Jurisdiction(s):
United Kingdom
Key definition:
Business plan definition
What does Business plan mean?

A business plan is now strongly encouraged by the pensions regulator; it usually sets out the objectives of the scheme in areas such as administration, investment, funding and communication, and is intended to focus the trustees' minds on making decisions which best serve their members.

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