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6 Talent Strategy Levers for a VUCA World

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As a progressive leader in talent management, you have undoubtedly noticed that there has been continuous volatility and change in your world. …

As a progressive leader in talent management, you have undoubtedly noticed that there has been continuous volatility and change in your world.

To survive in this new normal, organizations must do things differently when it comes to their people. Our guidebook offers a path forward, an opportunity to move beyond best practices and create a business-changing talent strategy.

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  • 1. 6 TALENT STRATEGY LEVERS FOR A VUCA WORLD 1 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 2. As a leader in talent management, you’ve noticed there’s been volatility and change in your world. This world of turmoil actually has a name: Volatility, Uncertainty, Complexity, and Ambiguity. 2 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 3. To survive in this NEW NORMAL, organizations must do things differently when it comes to their people. Our goal is to offer a PATH FORWARD and get you thinking about what you need to do, and where you should start. 3 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 4. We see VUCA READINESS as a matter of manipulating six talent strategy levers: 1. Business agility 2. Strategic workforce planning 3. The pursuit of readiness 4. Gathering and using data 5. The learning organization 6. Talent management sustainability 4 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 5. #1 Business Agility 5 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 6. #1 Business Agility Organizations—and their talent—need to be agile with the ability to swiftly change direction. A good place to start is by linking everything you do from a talent standpoint back to the business and what it needs to accomplish. 6 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 7. #2 Strategic Workforce Planning 7 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 8. #2 Strategic Workforce Planning Determine what talent your organization has, what it needs, and where talent gaps exist—including pending retirements. Cover all organizational levels and all key roles, taking into account your ability to fill those roles internally versus externally. 8 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 9. #3 The Pursuit of Readiness 9 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 10. #3 The Pursuit of Readiness To get leaders ready to step into critical business roles, you must: • • • • • 10 Obtain senior executive involvement Conduct a talent audit Complete an accurate talent assessment Launch development planning Drive accelerated development that targets future roles © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 11. #4 Gathering and Using Data 11 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 12. #4 Gathering and Using Data Your organization needs to have an insatiable appetite for talent-relevant data: • How effective is your training? • What are your talent gaps? • How efficient are your hiring processes? Measurement allows you to move faster and make adjustments on the fly as things change and evolve. 12 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 13. #5 The Learning Organization 13 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 14. #5 The Learning Organization Develop more agile leaders who have the ability to manage whatever comes their way. Look for leadership courses on: • Leading change • Driving innovation • Making rapid decisions • Networking across boundaries 14 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 15. #5 The Learning Organization It’s also about learning and growing as an organization, whether it means abandoning an ineffective selection practice, addressing a talent gap, or reformulating your talent strategy when it becomes apparent that it’s misaligned with the direction of the business. 15 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 16. #6 Talent Management Sustainability 16 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 17. #6 Talent Management Sustainability For an initiative to be sustainable, it needs to: • • • • • • 17 Be built on a strong business case Have clear accountabilities Have talent with the skills to be successful Be aligned with your business strategy Be measurable Be flexible and adaptable © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 18. LET’S RECAP! 18 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 19. Manipulate these six levers effectively and your organization will be ready to survive and thrive in the VUCA world! • Business agility • Strategic workforce planning • The pursuit of readiness • Gathering and using data • The learning organization • Talent management sustainability 19 © Development Dimensions International, Inc., MMXIV. All rights reserved.
  • 20. Ready for a VUCA world? Talent experts are standing by at 1.800.933.4463 or info@ddiworld.com to help your organization navigate this new normal. 20 © Development Dimensions International, Inc., MMXIV. All rights reserved.