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Guest Post by Sean Conrad To weather an economic downturn, companies need to focus on their core business and strengths, reduce unnecessary costs and be more efficient. Here are 7 talent management practices every company should implement to get the most out of their workforce. 1. Align Goals and Track Everyone's Progress You need to make sure that every employee's goals are aligned with organizational goals. You also need to regularly monitor progress on goals so you can take corrective action as required. Finally, you need to be able to quickly and effectively communicate any change in focus, priorities or tactics. Your talent management system should allow you to quickly communicate changes that impact organizational goals to everyone who has a linked individual goal. 2. Conduct Regular Employee Reviews to Keep Employee Performance On Track Employee performance reviews give employees an opportunity to talk with their manager about what they are doing well, areas for improvem...