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Talent_Management.pptx

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Talent_Management.pptx

  1. 1. Talent Management
  2. 2. Talent..a warmer • In 1910 a young man of 26 left university with a poor degree. • He was considered unqualified to teach at secondary school. • He was about to become an insurance salesman but his talent was spotted by a great scientist of the day who recruited him • Both have made a huge contribution to the modern world..
  3. 3. Max Planck: The Recruiter
  4. 4. The Talent
  5. 5. Albert Einstein
  6. 6. • HARDY • RAMANUJAM • GOODWILL HUNTING
  7. 7. What is talent? • Individuals or group of people with a natural aptitude for jobs within a company • Staff with the potential to be very good at something • …natural ability to learn and grow
  8. 8. • Talent management is an organisation's commitment to recruit, hire, retain, and develop the most talented and superior employees available
  9. 9. • Our assets walk out of the workplace every night ….. And our job is to make sure that they love coming back every morning…what keeps me awake at night? Narayan Murthi, Infosys
  10. 10. • Malcolm Gladwell wrote a book: “Outlier” • Forget the idea of talent…. We all have it…10 000 hours of practice required to develop talent • Beatles (played for many years in a small pub in Hamburg) • Bill Gates (Many hours at Aiken Lab at Harvard) • David Beckham ( spent many hours as a boy with his father) • Tiger Woods (same thing)
  11. 11. • Bill Gates spent many nights in the Aiken Computer Centre (Harvard University) working 36 hour stretches. His roommate said, “ Bill had a monomaniacal quality. He would focus on something and stick with it. He had the dedication to master whatever it was he was doing…. (Mintzberg and Quinn, 1996, The Strategy Process, Prentice Hall, p.193)
  12. 12. • Gladwell’s view is controversial • Where does talent come from? • Nature v. Nurture debate
  13. 13. • Bill Gates • Einstein • David Beckham • Tiger Woods • Beatles ALL HAD ONE THING IN COMMON
  14. 14. • All were having fun doing what they were doing… not doing it for money ..or only for money
  15. 15. Employer Value Proposition (EVP) • In developing the EVP, we need to understand our company’s strengths, what the target group of recruits may be looking for and what rivals have to offer
  16. 16. BMW © 2008 Prentice Hall, Inc. All rights reserved. 1–18
  17. 17. Aldi © 2008 Prentice Hall, Inc. All rights reserved. 1–19
  18. 18. Apple © 2008 Prentice Hall, Inc. All rights reserved. 1–20
  19. 19. • BMW = INNOVATION • ALDI=LOW PRICE • RED BULL= BRAND NAME • APPLE= DESIGN AND MIXING DIVERSE TECHNOLOGIES • TALENTS REQUIRED? © 2008 Prentice Hall, Inc. All rights reserved. 1–21
  20. 20. • Define the Employee Value Proposition: Why should the individual work for us? Strengths Needs of Target group Competitors’ strengths EVP A A B B B C C D D D E E E
  21. 21. • Pareto Law 80:20
  22. 22. • “early in the epidemic, 10% or less of virus carriers led to about 80% of infections”. Guardian 28 July 2020
  23. 23. Focus on the individual talent No artificial label on people
  24. 24. • Newest Technology? • Excitement? • Exciting Projects?
  25. 25. Who should the company target? • Active seekers: Read Job Ads, visit career fairs, apply actively • Passive seekers: Have a job, quite content but may be open to new offers • Non-seekers: Not interested in a new job opportunity
  26. 26. How to reach the seekers? Active and passive ways of talent acquisition Poach recruiter Guerilla Competitive intelligence X Factor
  27. 27. • Poach recruiter: Sun Tzu (2500 BC) said to weaken your enemy poach their soldiers. Hire rival’s recruitment expert or indeed their staff
  28. 28. For example • Tony Blair thinks that to solve the PPE problem in NHS , supply chain management experts need to be recruited from other industries (retail). Active search required
  29. 29. Guerilla Recruiting: Unconventional recruitment strategy
  30. 30. REFERRALS
  31. 31. Question • University campus recruiting is usually passive (e.g. company sends the university a few posters to bring to the attention of students). How can a company make campus recruiting an ACTIVE process ? • Make 4 suggestions
  32. 32. Who should be responsible for the talent management strategy? • Depends on the culture, history, structure of the company • Centralised or Decentralised? • Theory: Hard and Soft HRM (Storey) • (RSA Motivation) • Resource-Based View (Barney) • Harvard Model of HRM • Drucker • Townsend
  33. 33. REFERENCES: Referrals: https://www.google.com/search?q=best+recruitment+campaigns&tbm=isch&ved=2ahUKEwj8xsW7i7jpAhULxOAKHUxsAT0Q2- cCegQIABAA&oq=BEST+RECRUITMENT&gs_lcp=CgNpbWcQARgCMgIIADIECAAQQzICCAAyBAgAEEMyBAgAEEMyBAgAEEMyAggAMgIIADICCAAyAggAOgYIABAHEB46 CAgAEAgQBxAeOgQIABAYUIVzWKaLAWCmowFoAHAAeACAAZ8BiAHLBZIBAzguMZgBAKABAaoBC2d3cy13aXotaW1n&sclient=img&ei=_bS_XrzUH4uIgwfM2IXoAw &bih=751&biw=1536#imgrc=xL7Vf6jF5ABcBM • DISRUPT YOUR THINKING: https://www.google.com/search?q=best+recruitment+campaigns&tbm=isch&ved=2ahUKEwj8xsW7i7jpAhULxOAKHUxsAT0Q2- cCegQIABAA&oq=BEST+RECRUITMENT&gs_lcp=CgNpbWcQARgCMgIIADIECAAQQzICCAAyBAgAEEMyBAgAEEMyBAgAEEMyAggAMgIIADICCAAyAggAOgYIABA HEB46CAgAEAgQBxAeOgQIABAYUIVzWKaLAWCmowFoAHAAeACAAZ8BiAHLBZIBAzguMZgBAKABAaoBC2d3cy13aXotaW1n&sclient=img&ei=_bS_XrzUH4uIgw fM2IXoAw&bih=751&biw=1536#imgrc=c0r986yzs2qQYM • Teaching:https://www.google.com/search?q=best+recruitment+campaigns+2019&tbm=isch&ved=2ahUKEwig7byNjrjpAhWL2-AKHeNiCWMQ2- cCegQIABAA&oq=best+recruitment+campaigns+&gs_lcp=CgNpbWcQARgBMgIIKTICCAAyBAgAEB4yBAgAEBhQqYIBWJuLAWCe6wJoAHAAeACAAWKIAfcCkgEB NpgBAKABAaoBC2d3cy13aXotaW1n&sclient=img&ei=wre_XqCEDYu3gwfjxaWYBg&bih=751&biw=1536#imgrc=MTApqLTlgOgtlM

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