TALENT AND KNOWLEDGE MANAGEMENT
MODULE 3
Talent planning
Talent planning is the process of anticipating new responsibilities
and staffing needs and planning how to meet them by developing
current employees
Succession management process
What is succession management? Succession
management is a systematic approach to
identifying, selecting, and developing key
employees and talented new hires to assume
critical roles and prepare the organization for
the future. This practice ensures that skilled
and engaged people fill key leadership roles
Cross functional capabilities
and fusion of talents
According to Glassdoor, a Cross-Functional
Candidate is a candidate with jack-of-all-trades
qualities. In other words, a cross-functional skill
candidate is a person who has mastered one or
more related skills or technologies but also has a
grasp of other technology/skills
Fusion of Talents
Talent development budget
I explain the importance of establishing a
Talent development budget ( TDB )
that accounts for the costs of attracting,
holding, replacing, training, and developing
Talent. I propose a value-driven cost structure
that measures the quality of work performed
against the quantity of work performed
Value driven cost structure
There are two main categories of cost structure:
value-driven and cost-driven. The focus of value-
driven cost structures is to create more value in the
product itself, not necessarily producing the product
at the lowest possible cost. Examples of this would be
Prada, Rolex, or Ritz-Carlton
Contingency(Not Permanent Employees)
plan for talent
Thepurpose of a contingency plan is to help
businesses continue to operate smoothly,
even when unexpected events occur.
Contingent Workforce: Contingent workers
are employees who are not permanent
employees of the company but are hired to
perform a specific task
Building talent - Leadership coaching
A well-crafted talent development strategy
typically includes a range of initiatives and
programs, such as training and development,
coaching and mentoring, job rotation, stretch
assignments, and leadership development
Talent development coaching helps you
support high-potential team members to set
clear development goals, be effective in
challenging situations and tap into their
strengths
