Professional Documents
Culture Documents
Management
Presented By:
Nabendu Paul
M120006MS
To Understand
Meaning of Talent & Talent Management
Evolution of Talent Management
Process of Talent Management
Emphasis on Talent Management
Nine Best Practices
Its Strategic Importance
Conclusion
What is Talent?
According to McKinsey; talent is the sum
of
• a person’s abilities,
• his or her intrinsic gifts,
• skills, knowledge, experience ,
• intelligence,
• judgment, attitude, character, drive,
• his or her ability to learn and grow.
Talent Management
Talent
Management
C *ency Management
Perlormance Management
Strategic HR Succe.s.sm Ptanning
Recruiting
L&O
OrrJDestgn
Personnel Total ConyHins ttion Performance Management
Department CommunAtions Succession Planning
Competency M1mag ment
Payroll Systems fntcgr.tion
Bene143 Leadership Oeve'lopnMnt
Recrultlng, ATS t-tR
BvsinesFunction Portals Compcn$MiOn
LearningMMagem•nt
Payroll Syst s
-----
f t.com
alen anagement: A rocess
Compensation
and benefits
tcom
Emphasis on TM
• Demonstrated relationship between better
talent and better business performance.
• Rapidly increasing source of value
creation.
• Helps in creativity, innovation and value
creation in the dynamic and complex
environment.
• Changes of Employee Expectation.
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Nine Best Practices
• Start with the end in mind.
• Talent management professionals need to
move from a seat at the table to setting the
table.
• You must know what you’re looking for—
the role of Success Profiles.
• The talent pipeline is only as strong as its
weakest link.
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Nine Best Practices
• Talent Management is not a democracy.
• Potential, performance and readiness are
not the same thing.
• Putting the right people in the right jobs.
• More about the “hows” than the “whats.”
• Software does not equal talent
management.
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Strategic Importance
• Consideration to the revenue, innovation and
organization effectiveness.
• Cost of lost opportunities, downtime and the replacement
costs of losing critical talent must be analyzed.
• Consequences of wrong kind of managers in the leaders
top management position.
• Investment in talent management is not short term.
• Talent Management is strategic and holistic approach to
both HR and business planning.
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Conclusion
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THANK YOU
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