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Best practices in talent management

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Best practices in talent management

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

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