Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Context: Talent management is an organization's commitment to recruit, hire, retain, and develop the
most talented and superior employees available in the job market. Historical and economic context has
played a large role in the evolution of performance management over the decades. When human
capital was plentiful, the focus was on which people to let go, which to keep, and which to reward—
and for those purposes, traditional appraisals (with their emphasis on accountability) worked pretty
well. But when talent was in shorter supply, as it is now, developing people became a greater concern—
and organizations had to find new ways of meeting that need.
I) External Perspective: To build the external perspective, we commissioned a study with Bain and also
referred to the research done by many professionals. The key industry focus areas are enumerated
below:
1. Talent Acquisition
As per Aon Hewitt study Compelling Employer Brand to have three elements – Reputation,
Internal brand and credibility.
2. Performance Management
Here when we say performance management, it refers to both performance and potential
management of our talent. The focus has been constantly changing from making an employee
accountable to development oriented. There is a compelling trend where feedback has become
continuous and developmental rather than finding faults. Also, performance and potential are
being delinked with frequency of interactions increased and reduction in the paperwork. The
source of feedback has also changed over time from direct manager to 360 degree.
3. Talent Review
It is about ensuring the right people are staffed on the right jobs. Talent reviews helps to
understand the talent you have, identify the talent you are missing, and create plans to address
both. Most organisations use potential vs performance grid to figure out the key talent and
thereby invest in their development. The output of talent review is the input for succession
planning.
4. Succession Planning
Succession planning is a systematic process of identifying and developing talent for leadership
positions in the future. A key component of succession planning is talent development. For key
players that are identified as potential candidates for succession planning, it will be important
to figure out how to keep them engaged and motivated.