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What is Talent Management Best Practices & Process?
07 March 2018
What Best Practices Talent Management Looks Like?
Bringing in fresh unrefined talent further down the organization & providing the potential to promote to senior roles.
Assessing and developing high performers against the competencies that will ensure success in the future.
Measuring the performance and potential of talent and matching this against the unique requirements of the individual role.
Having transparent processes and actions that are followed through, leading to an ongoing realignment of people and roles.
What is Talent Management Process?
1. Decode Strategy
Translate strategy into critical talent management factors: roles, accountabilities and competency behaviors.
2. Define Predictors of Outstanding Performance
Develop and update
and other profiles, based on an understanding of how the business situation will develop.
Incorporate internal and external benchmarks to keep the bar raised (unacceptable to think average is excellent).
3. Evaluate Talent
Benchmark against external world-class standards.
Assess talent for
Gap analysis at individual and organization level.
3. Map Career Paths to Enhance Development
Map career path levels and types of roles and potential lateral and upward moves.
Determine the competencies needed to succeed within these specific roles (understand that horizontal moves often present bigger challenges that moves up the hierarchy).
4. Develop a Talent Management Culture
Map talent against roles to determine gaps and successors.
Design and implement core talent management processes for career movements and on-going re-alignment of people and roles.
Exhibit 1: Talent Management Model
Talent Management Traps to Avoid
Pursuing a tactical approach
Over reliance on hiring; waiting until a specific need arises.
Lack of recognition that the behaviors and skills that predict future success are different from those of the past.
Development focused too much on the person and too little on the role.
Miscalculation of the new and different behaviors required for successful lateral or upward moves.
Assumption that stars at one level and in one role can replicate their success at higher levels and in different roles.
Outstanding talent vulnerable to failure when they move into a new position.
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