Business Strategy Drives People Strategy

Hello friends of the Community! Welcome back to the Business Discussion board. Today I'm dropping by to share an article I read from the QuickBooks Firm of the Future site. It talks about how having an effective business strategy also drives people strategy. Here are a few pointers to leverage your team:

Step 1: Look at your business growth goals
Your talent strategy begins with your business strategy. Identifying your business growth goals are critical to determining what skills you need your team to possess to achieve your ambitions. Sometimes this means bringing on new talent. But many times, it can take the shape of upskilling your current team.

Step 2: Help your team define their career goals
Now is the time to sit down with each of them to narrow their goals into particular focus areas. In order to accelerate their career growth, you first have to understand the path and milestones your team members see for themselves.

Step 3: Look for gaps in your team’s craft skills
You’ve shared your intentions for growing the business with your team, and hopefully they’ve bolstered that plan with goals of their own. Through these conversations, you’ve also seen how the people in your organization fit into your company’s overall growth strategy. In the midst of all these observations, you may have also noticed some gaps. These might be filled with upskilling, such as working with your current team to hone their craft skills, but some gaps can’t be filled from within. Eventually you’ll need to decide when to build up your team’s craft skills and when to hire for fresh talent.

This is a quick recap to get you started, but I recommend taking a look at the full article in the link above for even more info. The comment section is always open for discussion as well!