Talent Management 186

8/2/2019 Talent Management 186

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TALENT

MANAGMENT

WELCOME

WEL COME

TO

AllTEAM MEMBERS


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INTRODUCTION

TALENT

MANAGMENT

Diamond is a diamond,

but can bestone for

another one.

TALENT

MANAGMENT

TALENT

MANAGMENT


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INTRODUCTION

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MANAGMENTTALENT

MANAGEMENT

TALENT

MANAGMENT


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NEW DIMENSION

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MANAGMENT

Seven out of twenty CEOs spend more

than half of their time on talent

management.

-EIU/DDI

Economist Intelligence Unit/

Development Dimensions International

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MANAGMENT


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NEW MANTRA

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MANAGMENT

The key ingredient for survival in

todays corporate world lies in Talent

Management.

-Mr. A. Aravamudhan

Executive Vice-President-HR

TVS Lucas

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MANAGMENT


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MEANING

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MANAGMENT

-Talent Management implies

recognizing a persons inherent skills,

traits, personality and offering him/her a

matching job.

- Getting the right people with the right

skills into the right jobs.

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MANAGMENT


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MEANING

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MANAGMENT

People Vs. Systems/Processes

Best practice Vs. Best fit

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GOAL

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MANAGMENT

-It is not about developing employees or

creating succession plans. Nor it isabout achieving specific benchmarks,

having the most educated workforce or

any other tactical outcome.

- Its goal is the much more general but

important task of helping the

organisation achieve its overallobjectives. In the corporate world, that

objective is to make money.

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MANAGMENT


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WHY?

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MANAGMENT

-Competition

-Reduced margins

-Advance products turning into

commodities

-Creative appeal beyond functionality

-Investors and shareholders

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MANAGMENT


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HELPS IN

TALENT

MANAGMENT

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MANAGMENT

FULFILL

MISSIO

N

ACHIEVE

OPERATIONA

L

EXCELLENCE

RECRU

IT

RETAI

N

DEVELO

P

Liberating the

Potential of People

Recruit, retain

and develop the

right talent

Help us achieve

operationalexcellence

Assure our success

in fulfilling our

Mission


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BENEFITS FOR EMPLOYEES

TALENT

MANAGMENT

-Higher motivation & commitment

-Career development

-Increased knowledge

-Contribution towards company goals

-Job satisfaction

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MANAGMENT


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MANAGING TALENT

TALENT

MANAGMENT

TALENT

MANAGMENT How ToManageTalent?

Recognizing talent

Attracting talent

Selecting talent

Retaining talent

Managing succession

Change organisation culture


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MANAGING TALENT

TALENT

MANAGMENT

-Corporate identity-Recruitment and selection

-Performance management and coaching-Employee development and training-Compensation, rewards and benefits-Success planning and leadership

development-Compliance, policy and procedures

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PATHOLOGY

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MANAGMENT

-Recruiting talent

-Developing talent

-Motivating talent

-Talent Retention

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RECRUITING TALENT

TALENT

MANAGMENT

A wrong fit will result in further hiring,

re-training and other wasteful activities.TALENT

MANAGMENT


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DEVELOPING TALENT

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MANAGMENT

Real world examples:

TCS

ILP : Initial Learning Program

CLP : Continuous Learning Program

LDP : Leadership Development

Program

FLI : Foreign Language InitiativeWorkplace learning

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MANAGMENT


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MOTIVATING TALENT

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MANAGMENT

-Recognition & rewards

-Acknowledgment-Cash incentives-Gifts-Certificate of appreciation-Opportunities to attend

workshops/training/events-Membership to exclusive clubs

-Holiday packages-Scholarships for children

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MANAGMENT


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MOTIVATING TALENT

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MANAGMENT


Wipro : - Encore

Individual Level- Feather in my cap(On the spot recognition)

Organisation Level Master mind

(Most innovation solution)

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TALENT RETENTION

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90% of Indian companies have talent

retention problems.

- AIMA

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TALENT RETENTION

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MANAGMENT

Fight to end the flight of talent

professional.

-Mr. AK Balyan

Executive Director-HR

ONGC Ltd.

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TALENT RETENTION

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MANAGMENT

-Pay

-Benefits

-Learning and growth

- Work culture/environment

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TALENT RETENTION

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MANAGMENT

Pay:

Variable pay

Real world examples

Wipro : 30 to 50 per cent

Infosys : 10 to 30 per cent

2001 : 85 per cent organisations2005 : 89 per cent organisations

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TALENT RETENTION

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MANAGMENT

Benefits:

Free medical

Transport facility

Company accommodationLife insuarance

Saving and investment plans

Employee stock options plan (ESOP)

Paid holidays

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MANAGMENT


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TALENT RETENTION

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MANAGMENT

Benefits:


Infosys:Insuarance: 13000 employees-Rs.

10 Lacs-LIC

First Indian firm ESOP

Transport : Bus service

Bangalore city to Infosys office

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MANAGMENT


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TALENT RETENTION

TALENT

MANAGMENT

Benefits:


TCS:

Housing loansPersonal computer

Automobiles

Medical insuarance for employee

and familyAir fare for spouse and two

children

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MANAGMENT


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TALENT RETENTION

TALENT

MANAGMENT

Learning and Growth:


TCS:

4 per cent of revenue spent in

learning and growth

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TALENT RETENTION

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MANAGMENT

Work Culture:

Organisation culture

Communication systemParticipation

Recognition

Rewards

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TALENT RETENTION

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MANAGMENT

Work Culture:


TCS:Open house session program

One to one session

Queries and discussions are

formally recorded and followed up

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WAR FOR TALENT

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MANAGMENT

- ONGC Ltd.

- GAIL (India) Ltd.

- Reliance

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STATUTORY WARNING

TALENT

MANAGMENTDo not try to fit a square

peg in a round hole.

TALENT

MANAGMENT

Thank You

Talent Management 186

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Transcript of Talent Management 186