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Talent Management ‘	PILLARS OF TALENT AND ENGAGEMENT” 		By Dr Lawrence Ndombi 		Regional Leader, BPC
What is Talent Management ‘	Talent Management is the use of integrated set of activities to ensure that the organization attracts, retains, motivates and develops talented people it needs now and in the future. The aim is to ensure secure flow of talent as a corporate resource’ Armstrong, 2006
Elements of Talent Management ,[object Object]
Attraction and retention policies and programme
Talent Audit
Role development
Talent relationship management
Performance management
Total reward
Learning and Development
Career management,[object Object]
Drivers of emphasis on talent management Demonstrated relationship between better talent and better business performance. Talent is a rapidly increasing source of value creation. The context in which we do business is more complex and dynamic. Boards and financial markets are expecting more. Employee expectations are changing Workforce demographics are changing  and employee expectations are also changing. Organisations are waging new ‘war for talent
War for Talent in Emerging MarketsNew Employee Reality
 … this is what it’s all about
1998 2008 2018 Executive and managerial 10.3 10.5 10.7 á Professional 12.5 14.1 15.6 á Services 15.5 16.0 16.4 á Marketing / sales 10.3 10.9 11.0 á Technicians 3.2 3.5 3.8 á Administrative support 18.5 17.4 16.6 â Operators, fabricators, labourers 14.2 13.2 12.7 â Production, craft and repair 11.9 11.1 10.5 â Agriculture 3.5 3.2 2.8 â The war for talent hots up ,[object Object]
Growth of knowledge-intensive industries highlights the importance and scarcity of well-trained talent
Integration of global labour markets, however, is opening up vast new talent sources
Ageing populations mean shrinking workforces, particularly in Europe and Japan
With rapid economic growth in D&E, there will be rising demand for top-end local managerial talent
For many industries, human capital will become the major source of competitive advantageDistribution of total employment, USby occupation, % “Knowledge workers (professionals) represent a large and growing percentage of the employees of the world’s biggest corporations.” McKinsey Implications ,[object Object]
Competition for top local talent in D&E will be fierce
Recruiting and retaining the best will require new ways of working and rewarding
More partnering and outsourcing to fill skills gaps
Retirement-rethink requiredD&E supplying talent …  but competing for it too Source: US Bureau of Labour Statistics / Economist “The 33 million university-educated young professionals in developing countries are more than double the number in developed ones.”  McKinsey Possible discontinuities ,[object Object],Society
Talent  Planning Measure and Report Recruiting Succession Planning Performance Management Learning & Development Compensation Career Planning Talent Life Cycle
The business and what drivescompetitive advantage It Starts Here Superior Talent Talent Management Organisation Strategy, Structure & Culture Improved Business Performance Recruitment & Selection  System Succession Management System Talent Architecture Differentiated Talent Strategy ,[object Object]
 Key roles/key talent pools
career turns model
Skills & Competencies
performance standards

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Talent Management Pillars and Engagement