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Managing Talent for Global
    Competitiveness
“ Once you lose talented
  individuals, you lose
   intellectual capital. So the
   whole issue of talent
   management and talent
   acquisition is right up there
   on the CEO's list
                     ”
                  Brian Sullivan,
              chairman and CEO,
              Christian & Timbers
“Our true ‘core
  competency’ today is not
  manufacturing or
  services, but the global
  recruiting and
  nurturing of the
  world’s best people
                        ”
                  Jack Welch
Why these companies always feature in
Fortune’s Global Most Admired Companies

               1.   IBM       2. MICROSOFT      3. GE

                    4.INTEL        5. WALMART   6. DELL



             1. Quality of Management

             3. The ability to Attract, Develop
                & Retain talent
ISN’T IT INTERESTING



    Bill Gates has been known to spend 50% of his time getting
    on a plane to interview and recruit talent

    Jack Welch said he devoted more than 50% of his time
    building the best management teams through the GE empire


    After all what makes Microsoft, GE, Apple, IBM, Intel…..tick



                            TALENT
SO WHAT IS TALENT

                           It is not
    about filling a Job

    just skill

    neither about Perfection

    nor about Experience

    or To do with Gender, Nationality or Race
TALENT IS SOMEONE

 •    who you instantly feel good about being around

  •   who likes to win

  •   who gets to the point

  •   who has a vision and gets other people into their vision

  •   who attracts other talent and is capable of reinventing the wheel

  •   who a strategic thinker and a Good listener

  •   who will surprise you

  •   who might even replace you.

  •   who is Your own value in the Marketplace.
PRINCIPLE OF TALENT MANAGEMENT


   •   The company with the best people thrives

   •   There is always a talent shortage

   •   The VCs bet their money on talent

   •   Lose your talent- Lose your Edge

   •   The main talent for Hiring Talent – Persistence

   •   Talent is always the Solution
TALENT MANAGEMENT




     there is no magic formula to manage talent,
        the trick is to locate it and encourage it
TALENT MANAGEMENT




                    Talent Management includes

 •   Recruitment and selection:
 •   Performance management and coaching
 •   Employee development and training
 •   Compensation, rewards and benefits
 •   Succession planning and leadership development
 •   Compliance, policy and procedures
THE TALENT MANAGEMENT
“   Talent Management is about
    making sure that you have
    the right people in the right
    places for both themselves
    and the organization and
    needing to make sure that
    you as chief executive are
    taking responsibility for the
    development of your
    leadership talent. It’s one of
    the best legacies that you
    can leave any organization

                                 ”
FACT FINDING

In a recent survey with Economic Intelligence Unit (EIU), 20 CEOs said
Talent Management was their responsibility, taking as much as 50% of
their working time

A study showed that companies with stronger leadership development
systems enjoyed higher Return on Equity and Profit

A Mckinsey study showed direct link between quality of succession
management Programs and shareholder return


 A whopping 96% of the Chairmen in a recent study in the US ranked
 Talent Management as highly important for success of the business
TALENT MANAGEMENT : CHALLENGES


  It was Finance and then Marketing that was next to CEO’s role. Its
  HR now


  From 1998-2008, while workforce was expected to grow 12%, the
  number of 25-44 years old (the would be tomorrow leaders) is
  actually going to decline by 6% across the world even in Asia too


  New economy companies have given rise to entrepreneur role to
  many who, ten years before would have ascended on more
  structured career ladders, acquiring leadership skills along the way.


  High growth has made many organizations to look for ‘job-ready
  leaders’ of various types
TALENT MANAGEMENT : CHALLENGES

   The Business environment is more complex and dynamic today
   (White Water Rafting)

   The Company Board and Financial Markets are expecting more

   Human Capital is increasing become source of value creation for
   organisations

   Employee expectations are also changing as he is becoming more
   autonomous and empowered

   There is clear link between better talent and better business
   performance


   Employees have more authority in the market
TALENT MANAGEMENT:
WHAT SHOULD THE CEO DO?
TALENT MANAGEMENT: WHAT SHOULD THE CEO DO

 Connecting People to The Business


 Identify your Top Talent – ‘Take our 20 best people away from us and I can
 tell you that Microsoft would be an unimportant company’- Bill Gates


 Work Diligently with your ‘No-Go-Getter’ Employees, put them in new
 environment, department or job


 Engagement Strategies – Knowing that the tenure is going to be short; get
 the most

 You are Important- Individuals joining an organization needs to feel they are
 valued and that their contribution will make a difference
THE TALENT MANAGEMENT - LEARNING

    Create a ‘Learning Organization’

      •   Facilitate On-The-Job self motivated learning activities

      •   As 90% of learning happens on the job, have employees share
          best practices across functions

      •   Upgrade competencies through well planned job rotation / global
          opportunities

      •   Structure a compensation, reward and recognition as applicable in
          respective countries

      •   Engage people on cross-cultural sensitivities

GE invests USD 1 Billion annually on Employee Training and Development
EXAMPLE

 Leaders in IBM can manage small, discrete teams or very large
 organisations of several thousand people. Leaders can manage large
 call centres, small software teams or even an R&D department. But
 whatever their role, all leaders have a common responsibility – that is
 the responsibility to identify and nurture talent.

 At carmaker Volkswagen AG, workers are encouraged to submit ideas
 for eliminating age barriers. Seasoned managers are asked to train
 newer managers on ways to meet older workers’ needs.

 Energy company Shell Oil Company holds managers accountable for
 developing diverse pipelines of future talent, tying compensation to
 hiring, development, and promotion
“
    we select people for roles based
    on their strengths. We identify
    and leverage strengths rather
    than improve weaknesses since
    the latter is intrinsic and
    difficult to change
                        ”
                  Harsh Mariwala,
                          Marico

Infact you can create roles around people as well
THE TALENT MANAGEMENT – HOW TO GO ABOUT

 Talent Management needs a Holistic Approach
       Every Line Manager needs to act as HR manager and every HR
       manager function as business manager

 Many Organizations often set up Talent Management Processes, but
 real success comes when you engage with the hearts and minds of
 individuals
       It motivates the workforce
       Enhances productivity
       Fosters team spirit
       Members feel inclusive
       They have reasons to stay
WHAT SHOULD THE CEO DO


   Identification- Selection- Development & Retention of Top
   Talent

   Identification & Development of High Quality
   Replacements for a small number of positions designated as
   key to current and future organization success

   The Classification of and Investment in each employee
   based on his/ her potential for adding value to the
   organization globally.

   Inspire – Make people believe in themselves; assign them
   internal projects; sending to B-School for one-month training
   won’t suffice
Best Fit – Don’t just look for the Right fit; look for the fit which is
best for the team given the diverse composition of the teams today


Evaluate – Constantly evaluate if the Team Leads or those in
Leadership roles are equipped to handle team; work with HR.
This is important especially for Middle Management level

Plan/Spot in advance – The Talent Management process
should be ongoing
“   This mentoring is what I do as
    an important part of my job.
    I’ve created other CEO’s. I want
    to help people reach their
    potential, and if someone’s not
    reaching it, I want that person
    to know what’s preventing him
    from reaching it
                      ”   Shiv Nadar
                                HCL
BUILDING TALENT POOL

              Process                     Objective                       CEO's Role
                                  Measuring how effective is   Defining clear cut performance
  Evaluating Current Perfrmance   the person in his/her job    expection




                                                               Look beyond the person's
                                                               immediate supervisor's feedback;
                                                               look for inputs from different
                                  Finding who has the          disvions,skip interviews, Q&A
  Identifying Potential           highest growth promise       forums




                                  Those who meet the
                                  criteria put them in a new   You take complete responsibility
  Create a Pool                   pool                         for the C-Suite Pool
Create a new product and it can be easily copied.
Lower your prices and competitors will follow
Go after a lucrative market and someone will be there
right after you, being careful to avoid making your
initial mistakes.
BUT
replicating a high-quality, highly engaged workforce is
nearly impossible

the ability to effectively hire, retain, deploy, and
engage talent—at all levels—is really the only true
competitive advantage an organization can have

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Talent Management - 2008 Arunesh Chand Mankotia

  • 1. Managing Talent for Global Competitiveness
  • 2. “ Once you lose talented individuals, you lose intellectual capital. So the whole issue of talent management and talent acquisition is right up there on the CEO's list ” Brian Sullivan, chairman and CEO, Christian & Timbers
  • 3. “Our true ‘core competency’ today is not manufacturing or services, but the global recruiting and nurturing of the world’s best people ” Jack Welch
  • 4. Why these companies always feature in Fortune’s Global Most Admired Companies 1. IBM 2. MICROSOFT 3. GE 4.INTEL 5. WALMART 6. DELL 1. Quality of Management 3. The ability to Attract, Develop & Retain talent
  • 5. ISN’T IT INTERESTING Bill Gates has been known to spend 50% of his time getting on a plane to interview and recruit talent Jack Welch said he devoted more than 50% of his time building the best management teams through the GE empire After all what makes Microsoft, GE, Apple, IBM, Intel…..tick TALENT
  • 6. SO WHAT IS TALENT It is not about filling a Job just skill neither about Perfection nor about Experience or To do with Gender, Nationality or Race
  • 7. TALENT IS SOMEONE • who you instantly feel good about being around • who likes to win • who gets to the point • who has a vision and gets other people into their vision • who attracts other talent and is capable of reinventing the wheel • who a strategic thinker and a Good listener • who will surprise you • who might even replace you. • who is Your own value in the Marketplace.
  • 8. PRINCIPLE OF TALENT MANAGEMENT • The company with the best people thrives • There is always a talent shortage • The VCs bet their money on talent • Lose your talent- Lose your Edge • The main talent for Hiring Talent – Persistence • Talent is always the Solution
  • 9. TALENT MANAGEMENT there is no magic formula to manage talent, the trick is to locate it and encourage it
  • 10. TALENT MANAGEMENT Talent Management includes • Recruitment and selection: • Performance management and coaching • Employee development and training • Compensation, rewards and benefits • Succession planning and leadership development • Compliance, policy and procedures
  • 12. Talent Management is about making sure that you have the right people in the right places for both themselves and the organization and needing to make sure that you as chief executive are taking responsibility for the development of your leadership talent. It’s one of the best legacies that you can leave any organization ”
  • 13. FACT FINDING In a recent survey with Economic Intelligence Unit (EIU), 20 CEOs said Talent Management was their responsibility, taking as much as 50% of their working time A study showed that companies with stronger leadership development systems enjoyed higher Return on Equity and Profit A Mckinsey study showed direct link between quality of succession management Programs and shareholder return A whopping 96% of the Chairmen in a recent study in the US ranked Talent Management as highly important for success of the business
  • 14. TALENT MANAGEMENT : CHALLENGES It was Finance and then Marketing that was next to CEO’s role. Its HR now From 1998-2008, while workforce was expected to grow 12%, the number of 25-44 years old (the would be tomorrow leaders) is actually going to decline by 6% across the world even in Asia too New economy companies have given rise to entrepreneur role to many who, ten years before would have ascended on more structured career ladders, acquiring leadership skills along the way. High growth has made many organizations to look for ‘job-ready leaders’ of various types
  • 15. TALENT MANAGEMENT : CHALLENGES The Business environment is more complex and dynamic today (White Water Rafting) The Company Board and Financial Markets are expecting more Human Capital is increasing become source of value creation for organisations Employee expectations are also changing as he is becoming more autonomous and empowered There is clear link between better talent and better business performance Employees have more authority in the market
  • 17. TALENT MANAGEMENT: WHAT SHOULD THE CEO DO Connecting People to The Business Identify your Top Talent – ‘Take our 20 best people away from us and I can tell you that Microsoft would be an unimportant company’- Bill Gates Work Diligently with your ‘No-Go-Getter’ Employees, put them in new environment, department or job Engagement Strategies – Knowing that the tenure is going to be short; get the most You are Important- Individuals joining an organization needs to feel they are valued and that their contribution will make a difference
  • 18. THE TALENT MANAGEMENT - LEARNING Create a ‘Learning Organization’ • Facilitate On-The-Job self motivated learning activities • As 90% of learning happens on the job, have employees share best practices across functions • Upgrade competencies through well planned job rotation / global opportunities • Structure a compensation, reward and recognition as applicable in respective countries • Engage people on cross-cultural sensitivities GE invests USD 1 Billion annually on Employee Training and Development
  • 19. EXAMPLE Leaders in IBM can manage small, discrete teams or very large organisations of several thousand people. Leaders can manage large call centres, small software teams or even an R&D department. But whatever their role, all leaders have a common responsibility – that is the responsibility to identify and nurture talent. At carmaker Volkswagen AG, workers are encouraged to submit ideas for eliminating age barriers. Seasoned managers are asked to train newer managers on ways to meet older workers’ needs. Energy company Shell Oil Company holds managers accountable for developing diverse pipelines of future talent, tying compensation to hiring, development, and promotion
  • 20. we select people for roles based on their strengths. We identify and leverage strengths rather than improve weaknesses since the latter is intrinsic and difficult to change ” Harsh Mariwala, Marico Infact you can create roles around people as well
  • 21. THE TALENT MANAGEMENT – HOW TO GO ABOUT Talent Management needs a Holistic Approach Every Line Manager needs to act as HR manager and every HR manager function as business manager Many Organizations often set up Talent Management Processes, but real success comes when you engage with the hearts and minds of individuals It motivates the workforce Enhances productivity Fosters team spirit Members feel inclusive They have reasons to stay
  • 22. WHAT SHOULD THE CEO DO Identification- Selection- Development & Retention of Top Talent Identification & Development of High Quality Replacements for a small number of positions designated as key to current and future organization success The Classification of and Investment in each employee based on his/ her potential for adding value to the organization globally. Inspire – Make people believe in themselves; assign them internal projects; sending to B-School for one-month training won’t suffice
  • 23. Best Fit – Don’t just look for the Right fit; look for the fit which is best for the team given the diverse composition of the teams today Evaluate – Constantly evaluate if the Team Leads or those in Leadership roles are equipped to handle team; work with HR. This is important especially for Middle Management level Plan/Spot in advance – The Talent Management process should be ongoing
  • 24. This mentoring is what I do as an important part of my job. I’ve created other CEO’s. I want to help people reach their potential, and if someone’s not reaching it, I want that person to know what’s preventing him from reaching it ” Shiv Nadar HCL
  • 25. BUILDING TALENT POOL Process Objective CEO's Role Measuring how effective is Defining clear cut performance Evaluating Current Perfrmance the person in his/her job expection Look beyond the person's immediate supervisor's feedback; look for inputs from different Finding who has the disvions,skip interviews, Q&A Identifying Potential highest growth promise forums Those who meet the criteria put them in a new You take complete responsibility Create a Pool pool for the C-Suite Pool
  • 26. Create a new product and it can be easily copied. Lower your prices and competitors will follow Go after a lucrative market and someone will be there right after you, being careful to avoid making your initial mistakes. BUT replicating a high-quality, highly engaged workforce is nearly impossible the ability to effectively hire, retain, deploy, and engage talent—at all levels—is really the only true competitive advantage an organization can have