In this module, we learned about the various forces that influence working and learning. Choose what you consider to be the most important forces influencing the industry you are working in. Describe how training helps employees to deal with those forces. FINDING EFFECTIVE MANAGERS AND leaders to fill challenging roles is always a priority because it enables you to overcome uncertainty and to capitalize on hidden opportunities. According to our Talent Management Survey, 82 percent of companies utilize a formal or informal talent management program, indicating that human capital considerations are among the foremost goals of strategic planning. Less common is consensus on what strategies and methods yield the best results. Top Five Do's of TD From our experience, we distilled five ways to effectively recruit and develop high-potential talent. 1. Develop a common language for talking about talent. It can be difficult to promote a unified talent development strategy in organizations with specialized divisions like Accounting, Sales, IT and Finance. A shared set of standards for identifying individuals with leadership potential is crucial. This starts with having one performance rating scale. Talent managers must identify and assess people against the requirements that help people succeed or derail. Such a standard, based on metrics for leadership best practices identified for each level of management, enables you to determine the high-potentials, provide rising stars with internal promotion options, and retain top talent. 2. Put people in positions that play to their strengths. Effective development of leadership talent depends on their careful placement into positions that suit their functional expertise and leadership strengths. Not every highpotential is suited to every task. Place individuals in situations that promote gradual and sustainable improvement, allowing them to develop and expand their areas of specialization without being spread too thin across the spectrum of management competencies. Managers working within their element are likely to achieve greater productivity. This is not to say, however, that high-potentials should stay within comfort zones. Place them in stretch situations at the edge of their abilities, to challenge them to refine their skill-sets and to acquire new skills without overwhelming them with duties that exceed their capabilities. This enables them to utilize their professional strengths, while developing new capabilities "on the margins". Stretch assignments should be supported with internal or external coaches, mentors, and a skilled team dedicated to follow-up on support and development of high potential leaders. 3. Let people own their processes. Leadership requires self-directed individuals who can act decisively within their role, and who own the function for which they are responsible. While central talent development may include placement and promotion of managers, give managers of functional a ...
In this module, we learned about the various forces that influence working and learning. Choose what you consider to be the most important forces influencing the industry you are working in. Describe how training helps employees to deal with those forces. FINDING EFFECTIVE MANAGERS AND leaders to fill challenging roles is always a priority because it enables you to overcome uncertainty and to capitalize on hidden opportunities. According to our Talent Management Survey, 82 percent of companies utilize a formal or informal talent management program, indicating that human capital considerations are among the foremost goals of strategic planning. Less common is consensus on what strategies and methods yield the best results. Top Five Do's of TD From our experience, we distilled five ways to effectively recruit and develop high-potential talent. 1. Develop a common language for talking about talent. It can be difficult to promote a unified talent development strategy in organizations with specialized divisions like Accounting, Sales, IT and Finance. A shared set of standards for identifying individuals with leadership potential is crucial. This starts with having one performance rating scale. Talent managers must identify and assess people against the requirements that help people succeed or derail. Such a standard, based on metrics for leadership best practices identified for each level of management, enables you to determine the high-potentials, provide rising stars with internal promotion options, and retain top talent. 2. Put people in positions that play to their strengths. Effective development of leadership talent depends on their careful placement into positions that suit their functional expertise and leadership strengths. Not every highpotential is suited to every task. Place individuals in situations that promote gradual and sustainable improvement, allowing them to develop and expand their areas of specialization without being spread too thin across the spectrum of management competencies. Managers working within their element are likely to achieve greater productivity. This is not to say, however, that high-potentials should stay within comfort zones. Place them in stretch situations at the edge of their abilities, to challenge them to refine their skill-sets and to acquire new skills without overwhelming them with duties that exceed their capabilities. This enables them to utilize their professional strengths, while developing new capabilities "on the margins". Stretch assignments should be supported with internal or external coaches, mentors, and a skilled team dedicated to follow-up on support and development of high potential leaders. 3. Let people own their processes. Leadership requires self-directed individuals who can act decisively within their role, and who own the function for which they are responsible. While central talent development may include placement and promotion of managers, give managers of functional a ...