Talent management Diva

Slide 1: 

Talent Management By Divakar Badola 11/7/2011 1 Ratan Global Business School

OVERVIEW : 

OVERVIEW Defining talent Talent management ( TM ) Talent management lifecycle Talent development system Components of TM Strategies for TM Conclusion 11/7/2011 2 Ratan Global Business School

Slide 3: 

“Take twenty of our best people away, and I can tell you that Microsoft would become an unimportant company” - Bill Gates 11/7/2011 3 Ratan Global Business School

GENERIC DEFINITION OF TALENT: 

GENERIC DEFINITION OF TALENT A special natural ability ( or aptitude) for a given thing Oxford Dictionary TALENT Identifiable Definable Quantifiable Attainable Verifiable 11/7/2011 4 Ratan Global Business School

Talent management : 

Talent management TM implies recognizing a person’s inherent skills , traits , personality and offering him a matching job 11/7/2011 5 Ratan Global Business School

Talent lifecycle: 

Talent lifecycle “If management makes things happen, talent makes it possible” 11/7/2011 6 Ratan Global Business School

Talent development system: 

Talent development system 11/7/2011 7 Ratan Global Business School

Slide 8: 

Recruitment Strategies Organization M & C Defining competencies Compensation And benefits Opportunities for Career growth Retention Strategies Internal Communications PMS Manager assessment Leadership Review Process Support for L & D TM Metrics HR objectives Business Objectives Components of Talent management 11/7/2011 8 Ratan Global Business School

Slide 9: 

Superior Talents are the primary source of Competitive advantage ….. ……. Talent Management holds the Key to business Success 11/7/2011 9 Ratan Global Business School

STRATEGIES FOR TALENT MANAGEMENT: 

STRATEGIES FOR TALENT MANAGEMENT Defining talent Identifying talent Recruiting talent Training talent Retaining talent Developing talent Retiring talent 11/7/2011 10 Ratan Global Business School

VOI2C2E for talent retention: 

VOI 2 C 2 E for talent retention Vision -provide employees with a compelling Vision Opportunity -Give employees opportunity to grow in the organization & learn new skills Incentive -Reward good performance Impact -Give employees the opportunity to do meaningful and challenging work 11/7/2011 11 Ratan Global Business School

VOI2C2E for talent retention: 

VOI 2 C 2 E for talent retention Communication -Build culture that allows free flow of communication both vertically and laterally. Community -Inculcate sense of belonging among employees( spread organizational pride) Entrepreneurshi p- Provide sufficient organizational space for employees to learn and grow. 11/7/2011 12 Ratan Global Business School

Slide 13: 

People processes & practices impact organizational capability to attract and energize Talent. 11/7/2011 13 Ratan Global Business School

HR challenge: 

HR challenge Developing top performers in a neutral environment – without discouraging rest of the employees- is a big challenge for the HR folks in a highly competitive business environment, where growing organizations are fighting it out to retain and induct talents. 11/7/2011 14 Ratan Global Business School

Slide 15: 

“Get the Right people on the bus first and then figure out where to drive it”. Jim Collins 11/7/2011 15 Ratan Global Business School

Conclusion: 

Conclusion Key to success would be to formulate an unconventional strategy , that will change the landscape of their organizations with respect to talent grooming Talent wins market battles. 11/7/2011 16 Ratan Global Business School

Slide 17: 

Thank You 11/7/2011 17 Ratan Global Business School