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Session 9

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7 views

Session 9

Uploaded by

um23075
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Session - 09

Human Resource Management


Talent Management

Dr. L K @ XIM 1
“Our assets (talents) walk out of the workplace
every night,
and
Our job is to ensure that they love coming
back every morning.”
TALENT
“The sum of a person's ability to learn and grow”

TALENT MANAGEMENT
“Talent management refers to the skills of attracting highly skilled/profitable /
performing workers, integrating new workers, and developing and retaining current
workers to meet current and future business objectives.”
Global Talent
Scenario - What is
likely to happen?
• Automation, reengineering, innovation, high-yield
based jobs in developed Markets.
• Outsourcing of work from developed to emerging
markets.
• Companies migrating to developing countries.
• Higher growth rates in emerging markets add to
demand.
• Unmanaged immigration to developed countries
• Technology and information penetration adding to
transparency & instability
• Diminished ambitions and enhanced expectations,
dissatisfaction, and instability.
• Birth of entrepreneurial opportunities but scalability a
challenge
Why Talent Management?

– Create Strategic Recruitment Plans to


attract the best talent.

– Identify and develop LEADERS at all


levels.

– Create “great places to work” - attract &


retain the best talent.

– Direct the positive energy of people to the


right areas.

Dr. L K @ XIM 5
Key Questions for Policy Makers

• Who are our top performers?

• How to hire and develop more people like them?

• Are there Enough of them? Crisis Management? Replacement? Business Growth?

• Are we Retaining the best employees?

• Where did we recruit them from?

• Is there a clear Growth / Succession plan for them?

• Is there a two-way Communication with them?

• Do workers have the skills needed to achieve the performance goals?

• Are the Learning Initiatives positively impacting performance?

• Where is the talent Demand outpacing Supply?

• How much does Turnover impact Customers, Productivity, Innovation, and Quality?

• What are the Financial consequences of talent decisions on our business?

• Is anyone in the Boardroom worried about the status of the “talent pool”?
Elements of Talent Management

Talent
Planning
Measure
and Recruiting
Report

Analyze Plan

Succession Talent Performance


Lead Profiles and Evaluate
Planning Objectives Management

Advance Develop

Compensation Learning &


Management Development

Career
Planning
Integrated Talent Management

Measure and Report


Competency Management

Performance Management

Succession Planning
Career Planning
Talent Planning

Compensation
Development
Learning and

Management
Recruitment
Who are our top performers? Y Y Y Y Y

How can we hire/develop/retain them?


Y Y Y Y Y

Are we retaining the best workers?


Y Y Y Y Y

Where did they come from?


Y Y Y Y Y

Do workers have the SKILLS needed to achieve


performance goals? Y Y Y Y Y
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Dr. L K @ XIM
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Dr. L K @ XIM
Dr. L K @ XIM 13
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Dr. L K @ XIM 15
Dr. L K @ XIM 16
Dr. L K @ XIM 17
Dr. L K @ XIM 18
“If you want 1 year of prosperity, grow grain.
If you want 10 years of prosperity, grow trees.
If you want 100 years of prosperity, grow PEOPLE.”
Learning from the session

• What is Talent and Talent Management?


• Global talent scenario
• Why talent management and its different elements
• The differences between TA-TM and HR
• Talent Management Strategy and steps to achieve it
• HR Talent Management Model for creating a true talent experience
and the benefits accruing out of it
• Historical genesis of Talent Management and the 3 focal areas of
Talent Management
• The 3 coordinates of modern-day talent management
• Case discussion on - IIMJOBS: Integrated analytics for Talent
Management

Dr. L K @ XIM 20

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