Talent Management


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Talent management

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Talent Management

  1. 1. TALENT MANAGEMENT “ Nothing is as important as identifying ,training and holding onto talented people” Jack Welch
  2. 2. <ul><li>TALENT </li></ul><ul><li>Individuals who can make differences by demonstrating highest level of potential. </li></ul><ul><li>TALENT MANAGEMENT </li></ul><ul><li>Term was coined by David Watkins of Softscape . </li></ul><ul><li>Also referred to as  Human Capital Management </li></ul><ul><li>Systematic attraction, identification, development, engagement/ retention and deployment of individuals. </li></ul><ul><li>Individuals who are fulfilling business/operation-critical roles </li></ul>
  3. 3. Process Design Process Revue
  4. 4. <ul><li>PRIMARY PRINCIPLES OF TALENT MANAGEMENT </li></ul><ul><li>Integrated approach with HR </li></ul><ul><li>Integrating people process into standard business process </li></ul><ul><li>Shifting responsibilities to the manager </li></ul><ul><li>Measuring success in productivity </li></ul>
  5. 5. <ul><li>  RECRUITING </li></ul><ul><li>Highly skilled employees and helping them to become productive (on-boarding). </li></ul><ul><li>PERFORMANCE MANAGEMENT </li></ul><ul><li>Aligns company and individual goals </li></ul><ul><li>Define clear performance expectation and it serves as the basis for rewards. It encourages the employee to retain. </li></ul>
  6. 6. <ul><li>LEADERSHIP DEVELOPMENT </li></ul><ul><li>Grows our talent internally. </li></ul><ul><li>Reinforces a culture of continuous learning </li></ul><ul><li>Provides leadership education and on-job-development </li></ul><ul><li>  COMPENSATION MANAGEMENT </li></ul><ul><li>Categorizing employees through job evaluation </li></ul><ul><li>Comparing our pay to the market </li></ul><ul><li>Managing internal qualities and communicate how pay works </li></ul>
  7. 7. <ul><li>Employee Management </li></ul><ul><li>Appraisals </li></ul><ul><li>Project reviews </li></ul><ul><li>Performance reviews </li></ul><ul><li>Progress monitoring </li></ul>
  8. 8. <ul><li>Ensure performance management and coaching opportunity </li></ul><ul><li>Revue remuneration regularly </li></ul><ul><li>Recognise and reward talent for outstanding performance </li></ul><ul><li>Assign a mentor/coach for each high talent role holder </li></ul><ul><li>Identify “wobbling” talent early and intervene before they leave </li></ul>
  9. 9. <ul><li>Build a path that enables the employees to utilise their full potential </li></ul><ul><li>Invest in building the psychological contract </li></ul><ul><ul><li>Individual growth </li></ul></ul><ul><ul><li>Compelling future </li></ul></ul><ul><ul><li>Pay </li></ul></ul><ul><ul><li>Positive workplace </li></ul></ul>
  10. 10. <ul><li>Create an organisation climate that supports talent development </li></ul><ul><li>Make sure the talent feels valued by the organisation </li></ul><ul><li>Establish specialised talent coaches available on request </li></ul><ul><li>Ensure that talent recognises their ownership of their development </li></ul><ul><li>Identify and address any recurring problems face by talent in development process </li></ul>
  11. 11. <ul><li>Conduct employee satisfaction surveys. </li></ul><ul><li>Explore whether there is a positive correlation between Talent “ranking” and performance. </li></ul><ul><li>Review how do participants feel about the process and use feedback to improve. </li></ul><ul><li>Establish and review benchmark performance against competitor organisations in terms of “employer of choice”. </li></ul>
  12. 12. <ul><li>Coaching is about helping talented people to recognise and release their potential </li></ul><ul><li>Coaching is the central performance lever for all successful Sports Professionals </li></ul><ul><li>Coaching is core to most key aspects of Talent Management: </li></ul><ul><ul><ul><li>Selection and On-boarding </li></ul></ul></ul><ul><ul><ul><li>Helping line management to develop talent </li></ul></ul></ul><ul><ul><ul><li>Informing development discussions </li></ul></ul></ul><ul><ul><ul><li>Creating a nurturing climate </li></ul></ul></ul><ul><ul><ul><li>Identifying, recognising and releasing the Talent potential </li></ul></ul></ul>
  13. 13. <ul><li>Talents-Individuals those who have highest potential . </li></ul><ul><li>Talent management-is a business practice </li></ul><ul><li>Coaching is essential for talented people. </li></ul><ul><li>TM needs to be both formal and informal, embedded in the culture </li></ul><ul><li>Clear transparent system should be maintained in order to monitor and develop talents </li></ul>