Talent Management • Enhancing the attraction, longterm development, and retention of key human resources to maximize performance. 1 Nature Of Talent Management Identifying future needs and developing individuals to fill those needs Creating and maintaining an organizational culture that values people Key Areas of Talent Management Establishing ways to conduct and manage activities to support talent development Developing a pool of talented people who can supply future job needs 2 Talent Management • • • • • • • HR Planning Recruiting Selection Training Career & Succession Planning Performance Mgmt Retention 3 Effective Talent Management 4 Careers and Career Planning • Career • Series of work-related positions a person occupies through life. • Career Paths • Employees’ movements through opportunities over time. 5 Careers and Career Planning • Org-Centered Career Planning • Identifying career paths that provide for logical progression of people in jobs in the organization. • Individual-Centered Career Planning • Focuses on an individual’s career interests rather than on org. needs. 6 Organizational and Individual Career Planning Perspectives 7 Individual Career Planning Components • Self-Assessment • Feedback • Setting career goals 8 Individual Career Choices • Interests • Self-image • Personality • Background • Family • Education 9 General Career Periods 10 Portable Career Path 11 Career Transitions and HR • Minimizing entry shock for new employees • Orientation/Socialization • Supervisor • Time • Realistic Job Preview 12 Special Individual Career Issues Technical and Professional Workers Dual Career Ladders Women and Careers Sequencing Glass Ceiling Special Individual Career Issues Global Career Concerns Repatriation Global Development Dual-Career Couples Family vs.Career Relocation 13 Developing Human Resources • Development • Efforts to improve employees’ ability to handle a variety of complex assignments (knowledge work). • Developing Specific Capabilities/Competencies • Lifelong learning • Redevelopment 14 Development vs. Training 15 HR Development Approaches 16 Possible Means for Developing Employees in a Learning Organization 17 Management Lessons Learned from Job Experience 18 Management Development Supervisor Development Executive Education Management Mentoring Management Development Methods Leadership Development Management Modeling Management Coaching 19 Stages in Management Mentoring Relationships 20 Problems with Management Development Efforts Failing to conduct an adequate needs analysis Trying out fad programs or training methods Common Problems in Management Development Failing to address organizational factors that result in encapsulated development Substituting training instead of selecting qualified individuals 21 Succession Planning Process 22 HR’s Role in Succession Planning Identifying development needs of the workforce Assisting in identifying needed future job skills Noting employees who might fill future positions Succession Planning Communicating the succession planning process to employees Tracing and regularly updating succession plan efforts 23 Value Added by Succession Planning • Supply of employees to fill future key openings • Providing career paths and plans for employees, increasing employee retention and performance motivation • Continually reviewing human capital needs as organizational changes occur • Enhancing organizational “brand” and reputation as a good place to work 24 Common Succession Planning Mistakes • Focusing only on CEO and top management succession • Starting too late, reacting to openings • Not linking to org strategic plan • HR not involved in planning process • Looking only internally for succession candidates 25
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