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Sunday, June 12, 2011

3 Talent Management Tasks in front of the CEO / CPO

Recruting at entry level & also laterally

Identifying where can you find sufficient number – and right kind - of employees you need to meet your needs of organic and inorganic growth. 
  • Linking business plans with manpower needs
  • Entry level specifications to match available pools
  • Creating a value proposition for potential recruits
  • Unusual sources : temporaries, interns, people in “second careers”
  • Identifying where to find “Target Employees”
  • Accessing them and communicating the value proposition
  • Testing,  Selecting and appointing them
Readiness for the intended role

Identifying capability gaps - knowledge, behavior, competencies – and planning to round off  these gaps and create the necessary bandwidth. 
  • Inputs for determining gaps 
    • Performance Management System : individual / collective
    • Business Heads to identify ext shifts : Industry / competition
    • Internal assessment : where are we weak ? 
    • What should be our future organization
    • Internal data : on competencies, 360 degree feedback system
  • Trigger / Occasions
    • Induction : "topping up" exercise
    • Correction of performance / person
    • Before / After Promotion : new role, new outlook, new skills
    • Refresher and Update : rejuvenate established executives
    • Preparing for Job Rotation - going into a new function
    • Preparation for being a "lister" : in the "Leadership Pipeline"
    • Preparing for EOL (End of Life) : Retirement, unwanted roles
    • Major changes external to the organization 
  • System : Design and execute OD action plan
Maintaining Organizational Readiness

Estimating attrition and taking proactive and corrective action so that sufficient number – and right kind - of employees are available to meet the needs of organic / inorganic growth. 
    • Creating the right value propositions - for various employee groups - through a combination of tangible factors like compensation and facilities and intangibles like climate, motivation, collaboration, vision etc.
    • Succession Planning for key positions
    • Retaining Tacit knowledge / relationships from outgoing employees
    • Stemming mid-career departure of future leaders 
    • Creating organizational paradigm shift from “Let HR hire from outside” to “Let us build from within” 

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