Talent strategy

Talent Strategies Alice Kwan Michael Kauer

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Learning Objectives for Today

Table of Contents ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Talent Strategies Introduction

Question How many of you have participated in the design or implementation of a Talent Management initiative?

Question What is Talent Management? What is a Talent Strategy? What is Talent Strategies?

Definitions Talent Management is the integrated set of processes, programs, and technologies designed to Develop, Deploy, and Connect critical workforce segments and critical skill sets to drive business priorities. A Talent Strategy is the output of the work we do in Talent Management. Talent Strategies is one of OPP’s service offerings that will enable clients to have the talent required to deliver the business strategy.

Question What are Critical Workforce Segments?

Definition ,[object Object],[object Object],[object Object]

Talent Strategies Why This is Important

Drivers of the need for Talent Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Talent Strategies Deloitte’s Direction

The Firm and OPP are Working Closely to Deliver the Talent Strategies Hot Topic Talent Management PRD Team Client Validation Talent Strategies POV and Service Offering Internal Rollout O&PP Adoption External Rollout Industry POVs Global Support Materials Pieces of the Talent Strategies Rollout Plan Practitioner Training

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],It’s 2008: Do you Know Where your Talent Is? Overview

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],It’s 2008: Do you Know Where your Talent Is? The Series – Five Briefings

It’s 2008: Do you Know Where your Talent Is? Key Messages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

It’s 2008: Do you Know Where your Talent Is? Rollout ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Talent Strategies Human Capital Approach

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Human Capital Approach to the Opportunity

Industry Specific Points of Views ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Talent Strategies Deloitte’s POV

Our Point-of-View The Talent Game is Changing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Our Point-of-View Traditional Talent Management Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Acquire Deploy Develop The Traditional Talent Management Process Retain

Our Point-of-View Traditional Approaches will not Suffice ,[object Object],[object Object],[object Object],[object Object],[object Object]

Our Point-of-View We need a Shift in Mindset ,[object Object],[object Object],[object Object],[object Object],[object Object]

Develop-Deploy-Connect Cycle Develop Connect Deploy Performance Capability Alignment Commitment Connect focuses on how individuals interact and perform together. Develop means helping employees build the capabilities they need to achieve personal and business goals. Deploy means providing employees with the experiences they need to perform to the full extent of their abilities. Enabled by Human Capital Programs

What Employees Expect from Companies Source: HR Executive Review: Implementing the New Employment Compact (New York: Conference Board, 1997)

Improving Talent Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Framework Our framework focuses on people implications as a critical element of the business strategy Business Priorities Critical Workforce Segments Critical Workforce Trends Identify/Rationalize/Validate Integrated Talent Management Strategy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Develop Deploy Connect Alignment Commitment Capability Manage Performance Enabled by Human Capital Programs

Mapping Human Capital Programs to DDC Develop, Deploy, and Connect: Linkages to Human Capital Programs Deploy Conct Devlp Devlp Devlp Human Capital Programs

Step 1: Identify Business Priorities, Identify Critical Workforce Trends and Segments ,[object Object],[object Object],[object Object]

Step 2: Executive Diagnostic Tool Each dimension covered in the diagnostic includes a formal definition to “anchor” and guide the questions One simple tool to begin a conversation about Talent Management, based on the work of Deloitte Research Identifies sample materials to request related to each section of the diagnostic ,[object Object],[object Object],[object Object],[object Object],[object Object],Embedded in the questions are queries as to effectiveness of Talent Management dimensions and their contribution to the organization’s growth and innovation ,[object Object],[object Object],[object Object],[object Object],[object Object],A consistent 3 point rating scale allows for the evaluation of each area within a given dimension and informs the SWOT analysis Rating Scale

Steps 3 – 5: Informing the Roadmap ,[object Object],[object Object],[object Object],[object Object],[object Object],Step 4: The Human Capital Program Diagnostic Tool is used to analyze current HC programs with focus on Critical Workforce Segments Step 5: The Talent Management Prioritization Roadmap provides a detailed outline of actions and business case for the organization to enhance and integrate HC programs over a defined time period Integrated Talent Management Strategy Capability Alignment Commitment We then translate the results into three key out-comes of develop, deploy, and connect that directly impact business execution

Diagnostic Dashboard – Summary Strengths ,[object Object],[object Object],[object Object],[object Object],Weaknesses Threats Opportunities ,[object Object],[object Object],[object Object],[object Object]

Diagnostic Dashboard – Summary Organizational Learning Knowledge Retention Workforce Movement Rewards & Recognition Performance Management Infrastructure Results and Measures Overall Cross Linkages and Integration Program Details Program Objectives ,[object Object],[object Object],[object Object],[object Object]

Prioritization Roadmap – Sample Prioritization Timing 1-3 months 3 to 6 months 6 to 12 months 12 to 24 months Develop consistent workforce transition process Develop linkages to performance management processes Extract information for succession planning purposes ,[object Object],[object Object],[object Object],Implementation of new, integrated performance management system Develop succession management metrics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Implementation of succession management system Higher Lower ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Talent Strategies for OPP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

OPP U.S. Contacts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Other O&PP practitioners with significant Talent Strategies involvement: Adrienne Bigley, Jennifer Hand, Pete Harteveld, Michael Kauer, Audrey Mes, Simon Porter, Anne Vlach ,[object Object],[object Object],[object Object]

Member of Deloitte Touche Tohmatsu

Talent strategy

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