Talent management diva

By Divakar Badola

04/11/231 Ratan Global Business School

OVERVIEWDefining talentTalent management ( TM )Talent management lifecycleTalent development systemComponents of TMStrategies for TMConclusion


“Take twenty of our best people away, and I can tell you that Microsoft would become an unimportant

company”

- Bill Gates


GENERIC DEFINITION OF TALENT

A special natural ability ( or aptitude) for a given thing Oxford Dictionary

TALENT

Identifiable Defin

able

QuantifiableAttainable

Verifiable


Talent management

TM implies recognizing a person’s inherent skills, traits, personality and offering him a matching job


Talent lifecycle

“If management makes things happen, talent makes it possible”


Talent development system


RecruitmentStrategies

Organization M & C

Defining competencies

CompensationAnd benefits

Opportunities forCareer growth

Retention Strategies

Internal Communications

PMS

Manager assessment

Leadership ReviewProcess

Support for L & DTM Metrics

HR objectives

Business Objectives

Components of Talent management


Superior Talents are the primary source of Competitive advantage…..

…….Talent Management holds the Key to business Success


STRATEGIES FOR TALENT MANAGEMENT

Defining talent

Identifying talent

Recruiting talent

Training talentRetaining talent

Developing talent

Retiring talent


VOI2C2E for talent retention

Vision -provide employees with a compelling Vision

Opportunity -Give employees opportunity to grow in the organization & learn new skills

Incentive -Reward good performance

Impact -Give employees the opportunity to do meaningful and challenging work


VOI2C2E for talent retention

Communication -Build culture that allows free flow of communication both vertically and laterally.

Community -Inculcate sense of belonging among employees( spread organizational pride)

Entrepreneurship- Provide sufficient organizational space for employees to learn and grow.


People processes & practices impact organizational capability to attract and energize Talent.


HR challenge

Developing top

performers in a neutral environment – without discouraging rest of the employees- is a big challenge for the HR folks in a highly competitive business environment, where growing organizations are fighting it out to retain and induct talents.


“Get the Right people on the bus first and then figure out where to drive it”.

Jim Collins04/11/2315 Ratan Global Business School

Conclusion

Key to success would be to formulate an unconventional strategy, that will change the landscape of their organizations with respect to talent grooming

Talent wins market battles.


Talent management diva

Education

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