TALENT MANAGEMENT

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TALENT MANAGEMENT

• PRESENTED BY
• M.PONNIDEVI
• SUBRAMANYAM.N

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SYNOPSIS

• INTRODUCTION
• HOW TO MANAGE TALENT POOL AT DIFFERENT HR
  FUNCTIONS?
• THE 10-POINT PLAN
• TO DEVELOP TALENT MANAGEMENT AS COMPETENCY FOR
  THE COMPANY
• DEVELOP TALENT MANAGEMENT CULTURE
• THE 6 TRAPS TO AVOID
• THE UPSIDE OF INVESTING IN TALENT
• CONCLUSION

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TALENT MANAGEMENT

• A conscious, deliberate approach undertaken to
  attract, develop and retain people with the
  aptitude and abilities to meet current and future
  organizational needs.
  Derek Stockley

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ALIGNMENT OF TALENT AND STRATEGIC MANAGEMENT
PROCESS
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• HOW TO MANAGE TALENT POOL AT DIFFERENT HR
  FUNCTIONS?

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ANSWER

• Recruitment
• Induction
• Reward
• Executive education
• Leadership development

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GETTING TALENT RIGHT - THE 10-POINT PLAN

• 1. Make the business case - get it on the
  executive agenda
• 2. Study your talent map
• 3. Understand your talent reputation - "Who would
  work here?"
• 4. Conduct an independent talent audit - "What
  have we got?"
• 5. Review career development - untapped potential
  no 1

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CONTD.

• 6. Focus on diversity -untapped potential no 2
• 7. Create a strategy - pull it all together
• 8. Prioritise
• 9.Create key performance indicators (KPIs)
• 10. Put talent on the executive agenda -
  regularly

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TO DEVELOP TALENT MANAGEMENT AS COMPETENCY FOR
THE COMPANY

• Step 1 Identify Key Roles
• Step 2 Take an Inventory of Your Talent
  Management Skills
• Step 3 Measure the Right Things
• Step 4 Set Up a Process-Wide Feedback Loop

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The 6 Traps to Avoid

• Taking a tactical approach to talent management
• Over reliance on the past in predicting future
  success
• Development focuses too much on the person and
  too little on the role
• Assumption that stars at one level and in one
  role can replicate their success at higher levels
  and in different roles

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CONTD.

• Divergent notions of what talent management looks
  like across the organization
• Lack of adequate processes to optimize the flow
  of talent

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The Upside of Investing in Talent

• best practice talent management lifts performance
  above the average

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CONCLUSION

• Prioritisation means talent management is about
  the few, not the many.
• Ongoing sponsorship from the highest level is
  essential.
• Organizations need a common and consistently
  interpreted view of what talent they are seeking
  and wish to retain.

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• THANK YOU