r i Talent Management Talent Management Solutions cen be integrated into the recruitment process and HR initiatives to drive performance and align with the Companies objectives. Assessment Centers: btc “A better way to identify potential talent gaps and training needs” ssip Transforming Business Performance Managing The Talent War ‘The war for talent exists, organizations need to address the ‘workforce gaps and their future potential to remaincompetitive. {Issues that need to be addressed include: How do | find and grow my knowledge workers and leaders? How latge is the gap between my needs and reality? Buying talent will not be sufficient as a solution to meet my business needs. + Growi is key, but how? We must retain talent, but how? &srp &sipIncreasing “Fit” To Drive Performance & Retention Talent Assessment “outs Do- scan 0" + An important part of overall talent coeeares serene management strategy is the development of the process organizations will use to evaluate performance and potential, and to identify future leaders, successors, and/or high potential employees. eee aa “Want To Do" (Has interest oF ‘motivation t do) stp &sip Talent Assessment Talent Assessment + An effective talent assessment process should be: + Assessment is often equated and confused with — Consistent across your organization's business units evaluation, but the two concepts are different. Assessment is used to determine what a person knows or can do, while evaluation is used to determine the worth or value of a course or program. Assessment data effects employee advancement, success and development ~ Aligned to your organization's business needs and future leadership needs * — A multi-level process that involves several data points — Well-defined and understood across the organization &stpAssessment Benchmarking What Types of Assessment? How can organizations assess existing staff to track high potentials and ensure new hires meet the future neds of the business? ‘Assessment: + Online Psychometric Assessments + Leadership/Management Assessment Batteries + Assessment and Development Centers + 360 degree feedback surveys and business assessments + Competency model profiling, behavioral based interviews, multi-rater assessment tools Summary + Identifying talent is going to become more vital with the predicted skills shortage and therefore more science must be added to the selection process + Although it may look like an additional cost, adding science to selection can save thousands in the future » + Itisimportant to identify the right solution for your organization and the types of roles you hire + Whatever you do, always start with the right competencies for each role and build from there + Always remember, high potential is developed through a solid understanding of competency and behavior &sip