How to cement a diversity policy

Purpose – Highlights the importance of talent development in organizations, focusing on the strategies designed by Mindleaders ThirdForce in accordance with the most recent Bersin trends and Chartered Institute of Personnel and Development research. Design/methodology/approach – Examines the reasoning behind implementing talent‐development strategies, questions that have to be answered and steps that have to be taken to ensure correct measures are put in place. Findings – Argues that talent‐development strategies can help companies to nurture in‐house talent and presents findings to support the view that this approach is likely to provide a long‐term competitive edge. Practical implications – Advances the view that organizations that implement talent‐development strategies are better placed to succeed and meet challenges brought about by the economic downturn. Social implications – Argues that talent management becomes more, not less, important in an economic downturn. Originality/value – Highlights the benefits of talent‐development systems.