talent management

role of hr

3 types of employees
Those who know what is happening
Educated, but not experience and skills
Those who dont know what is happening
No Education, experience and skills
Those who makes things happen
Education, Experience and Skills

7 Biggest Challenges for HR Chief

Talent
Acquisition

Managing
Critical
Workforce

Career
Planning

Employee
Engagement

Compensa
tion
package

Talent
Retention

Leadershi
p
Developme
nt

Sources: Economic Times, 3rd September, 2011, p: 4. Deloitte Compensation Survey, 2011

Top Workforce Challenges

related to Talent Management

1. Attracting and retaining skilled professional workers

2. Developing manager capability
3. Retaining high performers
4. Developing succession pool depth
5. Addressing shortages of management or leadership
talent

talent !!!
..talent: smart, sophisticated business people
who are technologically literate, globally astute, and
operationally agile
And even as the demand for talent goes up, the supply
of it will go down

Experience
Knowledge
Education
Skills
Competency

What is Critical Talent !!!!

The Small Group of Individuals,
who drive a disproportionate share
of their company's business performance and
generate greater-than-average value
for their customers and share holders

talent !!!
Collins English Dictionary defines talent as
innate ability, aptitude, or faculty, especially when
unspecified; above average ability
talent is.
some combination of a sharp strategic mind, leadership
ability, emotional maturity, communications skills, the
ability to attract and inspire other talented people,
entrepreneurial instincts, functional skills and the ability to
deliver results

Talent Management !!!

Talent Management
Concerned with enhancing the attraction, long-term development,
and retention of key human resources

talent refers to
individuals who have the capability to make a significant
difference to the current and future performance of the
company

Globalization - Employee Mobility

Lowered trade barriers
More democratic countries
Rising skill levels of labor
More investment worldwide
Growth of MNCs

What does it Mean for HR?

roles of HR
PMIR
Lab Welfare
HRD
HRM
HR.Talent Management

What does it Mean for HR?

Global war for talent will heat up
Business leaders to look to HR for expertise
Look to HR for people strategies to help their companies
prepare for growth
HR professionals will come under increasing pressure to retain
and develop their top talent

Persona
High Potential / Low Performance
High Potential/Medium Performance
High Potential/High Performance
Medium Potential/Low Performance
Medium Potential/Medium Performance
Medium Potential/ High Performance
Low Potential / Low Performance
Low Potential/ Medium Performance
Low Potential/ High Performance

Talent Management Process

Workplace Planning
Talent Gap Analysis
Recruiting
Staffing

Education and Development

Retention
Talent review
Succession planning

Integrating the Four Key Elements

of Talent Management
Plan

Attract
Recruit
Assess Perform
Develop

Retain

Talent Management Strategy

Comprehensive employee development system /
Individual career management
Compensation & Benefits
Performance Management system
Training and development

Fueling the Talent Engine: Finding

and Keeping High Performers:
A Case Study of Yahoo Inc.,
how Yahoo views talent as an integrated function
that is incorporated into the companys central
organizational strategy
Talent management at Yahoo is observed from the
time candidates consider joining the organization
throughout their entire career and even after they
depart

Talent Management Practices and Strategies

Building a deeper reservoir of successors at every level

Creating a culture that makes employees want to stay with the
organization
Identifying gaps in current employee and candidate competency levels
Creating policies that encourage career growth and development
opportunities
Identifying vacancies that will be created as the company advances and
expands
Locating the kind of qualified professionals needed
Rewarding top-performing employees

 Creating an environment where employees are excited to come to work

each day
Aligning employees with the mission and vision of the organization
Assessing candidates skills earlier in the hiring process
Creating a culture that values employees work
Creating a culture that makes individuals want to join the organization
Creating an environment where employees ideas are listened to and
valued

Impact of Talent Management Practices and Strategies

Benefits
Creates a culture that makes individuals want to join the organization
Creates a culture that values employees work
Creates an environment where employees ideas are listened to and valued
Creates a culture that makes employees want to stay with the organization
Allows them to do their jobs well

Creates a culture where employees passionately believe in what they are doing
Feel empowered to make decisions without that impact their work
Creates an environment where employees are excited to come to work each day

Challenges Facing Talent

Person - Job - Fit

Person - Organization - Fit

A Look Ahead: A Future View of Talent Management

Talent Acquisition
Talent Management
Talent Retention
Talent Engagement

Question for reflection

How to acquire talent
How to manage high performance employees
What model of motivation and engagement to be planned/
used
What would be the Performance parameter