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StrategicWorkforcePlanning Session4TalentManagement TalentManagementFramework Driversoftalentattractionandretention McKinseyStudy TheWarforTalent TalentManagementFramework TalentedPeople Talentedpeoplearethoseexpected bytheirmanagers toproducesuperiorperformancebothnowandinthefutureTheyachievethisthroughapplicationoftheirknowledge skillsandcreativitywhiledemandingpersonalgrowthwithorwithoutthesupportofthebroaderorganisation Talentedindividualsaremobilemonopolieswithglobalpassports KaraokeCapitalism Ridderstrale Nordstrom Somelackknowledgeandskillsbutaretalented thechallengeistospotthis TalentManagementFramework TalentManagementPrinciples Outcomes Inputs TalentManagementFramework KeyElementsofTalentManagement TalentManagementFramework TalentManagementProcesses ManagingTalent BusinessResults TalentManagementProcesses TalentManagementProcesses TalentManagementProcesses BusinessResults ManagingTalent TalentManagementProcesses TalentManagementProcesses BusinessResults ManagingTalent TalentManagementProcesses ASIS TOBE ManagingTalent ManagingTalent ManagingTalent ShapingTalentPools ManagingTalent BusinessResults TalentManagementFramework TalentManagementTools TheTalentManagementMatrix TalentManagementMatrix IllustrativeExample 9 TheCLCFourLenses IndividualExercises Howgoodareweatmanagingtalent Optionsforaddressingstrategictalentmanagementissues PleasecompletetheyquestionnairesinyourfileScoringDe briefing CONVERSATIONTOPIC 1 Startbypayingmeadecent market relatedsalary orperhapsalittlebitmore Wecanthenfocusontheotherthingsthatreallymatter Whatdrivesretentionoftalent CONVERSATIONTOPIC 2 IwanttohaveabsoluteclarityofwhattheCompanycanprovidebeforeIcommit Thepsychologicalcontract CONVERSATIONTOPIC 3 Freedomandautonomymeanalottome Let sdiscusstheexpectedoutcomesfromthetask butthenleavemetogetonwithit Generationgap CONVERSATIONTOPIC 4 Ilookatthequalityofleadershipbeforeamakeadecisionforabetterjob orconsideratransfer Careerdecisions CONVERSATIONTOPIC 5 I mnottooconcernedwiththerigiditiesandformalitiesofperformancemanagementsystems Ijustwanttogetonwiththejob ButIthriveonfeedback ongoing honestandsometimes fierce feedback Careerdecisions CONVERSATIONTOPIC 6 Althoughwedon ttalkaboutitmuch recognitionisabigthing Recognitionthroughfinancialrewardisgreat butnon financialrecognitionalsoplaysabigrole Lineofsight CONVERSATIONTOPIC 7 IsupposeI matruebelieverinlife longlearning traininganddevelopment coachingandmentoring allthosethingsmeanalottome Driversoftalentgrowth CONVERSATIONTOPIC 8 ButIregardeveryoneastalented Idon tliketheblueeyedboysyndromeinourorganization Definitionandaffirmationoftalent CONVERSATIONTOPIC 9 Mypassionliesingeology Yes I mobsessedwithrocks But please Idon twanttomanagepeople that sabigturn offforme Thatsaid whataremycareerprospects Onlymanagement CONVERSATIONTOPIC 10 IknowthatI mnotthecreamofthecrop IrealizethatI mnotsuper intelligent However Iamasolidperformerandaddalotofvalue Iamalsoveryloyal Don tforgetaboutme Balanceinorganizations CONVERSATIONTOPIC 10 Lookafterthetoptalent butdon tforgetabouttheBplayers PossiblytheBplayersaretherealstarsintheorganisation TheAplayerstendtobeconstantlyonthelookforgreenerpastures andareoftenveryself centred Likeanyemployees nomatterhowsecureandgrounded Bplayersneednurturingandrecognition HarvardBusinessReview CONVERSATIONTOPIC 11 Ilookatwhatthepsychometrictestssay itisascientificwayformeasalinemanagertoidentifytalentedpeople Assessmentandtesting CONVERSATIONTOPIC 12 Iregardmyselfasamaverick Somepeopleevencallme weird ButIalsoknowthatImakeasubstantialcontributiontothecompany Allowmetocontinuetopushtheboundaries Aretalentedpeopleallmavericks CONVERSATIONTOPIC 13 Iwanttobedevelopedtomyfullpotential Iamthetypeofpersonthatneedstobestretched But totheextentthatitispossible Iwanttomaintainanacceptablework lifebalance WLBaCompanymanualentry CONVERSATIONTOPIC 14 Yes I m48andwhiteandmale Asyouknow Ihaveanexcellenttrackrecordandstillhavealottooffer Useme developme stretchme CONVERSATIONTOPIC 15 I m59andshouldberetiringnextyear ButIamstillhealthy mentally physicallyandemotionally Canwenotworkoutadealwhere afterretiring Iworkforthecompanytwodaysaweek 1 PeopleFirst Whenlandwastheproductiveasset nationsbattledoverit Thesameishappeningnowfortalentedpeople StanDavis ChristopherMeyer futureWEALTH Talent TinaBrown Thefirstthingistohireenoughtalentthatacriticalmassofexcitementstartstogrow Source Business2 0 2 SoftisHard 3 FUNDAMENTALPREMISE WeAreinanAgeofTalent Creativity Intellectual capitalAdded Humancreativityistheultimateeconomicresource RichardFlorida TheRiseoftheCreativeClass 4 Talent Excellence inEveryPartofEveryOrganization 5 P O T PursuitOfTalent OBSESSION TheleadersofGreatGroupslovetalentandknowwheretofindit Theyrevelinthetalentofothers WarrenBennis PatriciaWardBiederman OrganizingGenius 6 TalentMastersUnderstandTalent sIntangibles Visiblyenergetic Passionate Enthusiastic abouteverything Engaging Inspiresothers Inspirestheinterviewer Lovesmesses pressure Impatient Actionfanatic Afinisher Exhibits Fat WOWProject Portfolio Lovestotalkaboutherwork Smart Curious Eclecticinterests Alittle ormore weird Well developedsenseofhumor Funtobearound No 1rebosses Exceptionaltalentselection developmentrecord Formerco workers DidyouvisiblygrowwhileworkingwithX Howhasthedepartment teamgrownona world class scaleduringX stenure 7 HRIs Cool HRdoesn ttendtohirealotofindependentthinkersorpeoplewhostandupasmoralcompasses GaroldMarkle ShellOffshoreHRExec FC 08 05 8 ThereIsan HRStrategy HRVision Omnicomverysimplyisabouttalent It sabouttheacquisitionoftalent providingtheatmospheresotalentisattractedtoit JohnWren EVP Challenge professionalgrowth respect satisfaction opportunity rewardSource

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