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Best practices in talent management
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  • 1. Best practices in
    Talent Management
    PratimaDaipuria
    Associate Professor
    JIMS,Rohini, Delhi
    Email: pratima@jimsindia.org
  • 2. Do you
    • benchmark HR practices with the best in the industry ?
    find yourself in the midst of War for talent ?
    hear warning bells for talent famine ?
    feel overflow of information is changing the landscape of talent game?
    March18, 2011
    2
    Talent Management Best Practices
  • 3. Let’s Ponder…..
    March18, 2011
    3
    Talent Management Best Practices
  • 4. I. The Stakes are High
    • Everybody wants “top talent”
    • 5. However, few people “Qualify”
    • 6. “half-life” of intellectual capital becoming increasingly shorter.
    March18, 2011
    4
    Talent Management Best Practices
  • 7. II. Identification of talent is HR’s play
    • How do you define ‘talent’
    • 8. Are we trying to source from ‘talent markets’?
    • 9. Who is producing talent for the market ?
    March18, 2011
    5
    Talent Management Best Practices
  • 10. III. Benchmarking best practices
    • Best practice –what’s that ??
    • 11. Panacea for all ??
    • 12. It’s a well-laid trap
    March18, 2011
    6
    Talent Management Best Practices
  • 13. There’s no shortcut to success
  • 14. Understanding Business
    March18, 2011
    8
    Talent Management Best Practices
  • 15. 1. Create self-motivated talent
    • Drive ways to bolster talent
    • 16. Instill a mindset
    • 17. Create champions
    • 18. Respect Creativity
    #People are not your most important asset, “the right people” are.
    March18, 2011
    9
    Talent Management Best Practices
  • 19. 2.Value-Proposition for employees
    • Challenges
    • 20. Longer stay
    • 21. Handling attrition
    # When in doubt don’t hire-keep looking
    # When you know you need to know make people change, act
    # Put your best people on your biggest opportunities, not your biggest problems
    March18, 2011
    10
    Talent Management Best Practices
  • 22. 3. Grow Great Leaders
    • Mobilize and Channelize talent pools
    • 23. Identifying potential
    • 24. Putting others first
    March18, 2011
    11
    Talent Management Best Practices
  • 25. 4. Differentiate and Stay
    • Are all people alike??
    • 26. Differentiate and nurture accordingly
    • 27. Bring a fundamental shift in how organization’s practice
    # Under- performers at the top will stunt talent growth
    March18, 2011
    12
    Talent Management Best Practices
  • 28. The ultimate throttle on growth for any company is not markets, or technology, or competition, or productsIt is the one thing above all: the ability to get and keep enough of the right people
    -Jim Collins, Good to Great
  • 29. Thank you