Solution

Talents are employees who have skills and knowledge to help organisation achieve its goals and objectives (Quilliam, 2022). Talents can be developed and retained at individual and group levels using lateral moves, appraisals and work-life balance.

BMG can adopt lateral moves as a way to develop its talents at individual levels. Lateral moves involves a moving an employee from one role to another or a different job, probably without additional compensation (George, 2022). The aim of a lateral move is to help individuals broaden their experiences while working in different jobs in the same organisation. It is also important in succession planning where people are prepared for future jobs.

Appraisals are also used at individual levels to assess their performance and offer feedback for development (Na-Nan et al., 2020). BMG may use 360-degree feedback approach to performance appraisal to understand how each individual is fulfilling targets. In appraisal process, colleagues may receive feedback from others to understand their strength and weaknesses and focus on developmental needs.

Work-life balance is another approach to developing and retaining talents. It applies to group levels as people are provided with flexible working options so that they can balance their professional lives and personal lives (Wöhrmann et al., 2021). It is important for developing employees’ wellbeing and making them feel valued.

The similarity of these methods is that they seek to develop and retain talents by making them feel valued and respected. However, appraisals and lateral moves enhance skills and knowledge development, but work-life balance improve health and wellbeing of employees.

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