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Talent managemeng

  1. Succession Planning and Talent Management Otto Tawanda Chisiri
  2. Succession Planning Career Development & Succession Planning (CDSP)
  3. 5/18/2015 Otto Tawanda Chisiri . all right reserved 3 Aim Foster a process of building leadership capability across the lines of business / support functions The emphasis is on developing a broad spectrum of talent within the management ranks so that the availability of internal talent will not be a constraint to the organization's strategic direction Identify the key leadership success factors
  4. 5/18/2015 Otto Tawanda Chisiri . all right reserved 4 Outcomes Retention and development of high potential employees Builds internal staff capabilities (bench strength) for the emerging organizational demands Maps various succession options Facilitates developmental moves across the organization Establishes a professionally managed organization with the systems in place to ensure that it will have effective leaders going forward
  5. 5/18/2015 Otto Tawanda Chisiri . all right reserved 5 Contemporary Issues: Changing Nature of Work & Organization Demographics (net-generation, diversity) Globalization Technology Redefined concept of ‘Loyalty’ Challenges in differentiating high performers from poor performers Wanted Rapid career progression
  6. 5/18/2015 Otto Tawanda Chisiri. all right reserved6 Elements of Career Management Individual (Self) Assessment of Abilities, Interests, career need and goals Organizational Assessment of employee abilities and potential Communication of information concerning career opportunities with the organization Career Counseling to set realistic goals and plan for their attainment
  7. 5/18/2015 Otto Tawanda Chisiri . all right reserved 7 Succession Planning -Definition Strategic, systematic and deliberate effort to develop competencies in potential leaders through proposed learning experiences such as targeted rotations and educational training in order to fill high-level positions without favoritism (Mathew Tropiano, 2004) • Deliberate and systematic effort by an organization to ensure leadership continuity in key positions and encourage individual advancement (St-Onge, Mercer) • A structured process involving the identification and preparation of potential successors to assume a new roles
  8. 5/18/2015 Otto Tawanda Chisiri . all right reserved 8 WHAT IS SP? Constant change planning An organizational journey, not a project Ensuring continuity of leadership Identifying gaps in existing talent pool Identifying and nurturing future leaders Why SP? Organization supersede Individuals – visionaries are those who groom their young ones to take the lead position and to take the cause of organization forward
  9. July 11, 2007 swati Smita9 Ref: Troopiano, 2004 CEO/ Leadership Commitment & Involvement Education and Training Self Development Competency driven Strategically Targeted Rotational Assignments Future Competencies Needed Aligned with Strategic Plan Results 1. Talent Driven culture 2. Accelerated Development 3. Vision for future advancement Accountability Measurability Succession Planning Model
  10. 5/18/2015 Otto Tawanda Chisiri . all right reserved 10 Challenges in SP
  11. 5/18/2015 11 Benefits of SP Source: Aberdeen Group, September 2006 Tells about •the extent to which leadership job openings can be filled from the internal pool •the av. no. of qualified candidates for each leadership position •the number of positions with two or more ‘ready now’ candidates •the attrition rate from the succession pool
  12. TALENT MANAGEMENT
  13. What is Talent Management? The purpose of TM is to ensure that the right supply of talented workforce is ready to realize the strategic goals of the organization both today and in the future • Organization’s efforts to attract, select, develop, and retain key talented employees in key strategic positions. • Talent management includes a series of integrated systems of • recruiting, • performance management, • maximizing employee potential, managing their strengths and developing • retaining people with desired skills and aptitude 5/18/2015 Otto Tawanda Chisiri . all right reserved 13
  14. Talent Management TM introduced by Mc Kinsey consultants, late 1990’s TM is identified as the critical success factor in corporate world TM focuses on • differentiated performance: A, B, C players influencing company performance and success • identifying key positions in the organization !!! Surveys show that firms recognize the importance of talent management but they lack the competence required to manage it effectively 5/18/2015 Otto Tawanda Chisiri . all right reserved 14
  15. What is Talent? According to McKinsey; talent is the sum of • a person’s abilities, • his or her intrinsic gifts, • skills, knowledge, experience , • intelligence, • judgment, attitude, character, drive, • his or her ability to learn and grow. 5/18/2015 Otto Tawanda Chisiri . all right reserved 15
  16. Who are Talented People? They regularly demonstrate exceptional ability and achievement over a range of activities They have transferable high competence They are high impact people who can deal with complexity (Robertson, Abbey 2003) 5/18/2015 Otto Tawanda Chisiri . all right reserved 16
  17. Why Organizations Need Talent Development? To compete effectively in a complex and dynamic environment to achieve sustainable growth To develop leaders for tomorrow from within an organization To maximize employee performance as a unique source of competitive advantage To empower employees: • Cut down on high turnover rates • Reduce the cost of constantly hiring new people to train 5/18/2015 Otto Tawanda Chisiri . all right reserved 17
  18. Talent Management Model There are different approaches to talent management in organizations • TM creed (culture, values, expectations) with • TM strategy and • TM system. (Lance and Dorothy Berger, 2011) A successful TM model has to link • the desired culture and • the business excellence The values, expectations and elements of should be embedded in HR systems as selection criteria, competency definitions, performance and promotion criteria and development processes. 18
  19. The Talent Creed “A TM creed is the set of core principles, values and mutual expectations that guide the behavior of an institution and its people” It describes in general terms what types of people are expected to work in the organization and what type of a culture is desired to achieve success 5/18/2015 Otto Tawanda Chisiri . all right reserved 19
  20. The Talent Strategy Describes what type of people the organization will invest in and how it will be done Besides the specific elements of their creed, the talent strategy of all high performing organizations should have these directives: • Identify key positions in the organization (not more than 20, 30 %) • Assess your employees and identify the high performers (classify according to their current and future potential) • Retain key position backups • Make appropriate investments (select, train, develop, reward) 5/18/2015 Otto Tawanda Chisiri . all right reserved 20
  21. Assessing the Employees Superkeepers- greatly exceed expectations (3-5%) Keepers – exceed expectations (20 %) Solid citizens- meet expectations (75 %) Misfits- below expectations (2-3 %) (Berger and Berger, 2011) 5/18/2015 Otto Tawanda Chisiri . all right reserved 21
  22. Allocating Investments in People Superkeepers- receive about 5 % of all the resouces; need very high recognition, compensate much more than the pay market, promote very rapidly Keepers –receive about 25 % of all the resources, need high recognition, compensate more than the pay market, promote rapidly Solid citizens- receive about 68 % of all the resources, need recognition, compensate at the market level or just above Misfits- receive about 2 % of all the resources for some, compensate at below market average 5/18/2015 Otto Tawanda Chisiri . all right reserved 22
  23. Talent Management System Implementation program of the talent strategy which has a set of processes and procedures • (1) assessment tools • (2) multi-rater assessment • (3) diagnostic tools • (4) monitoring processes If the management is not willing to use assessment in their organizations they can’t do talent management 5/18/2015 Otto Tawanda Chisiri . all right reserved 23
  24. Assessment Tools for TM The five assessment tools should be linked to ensure that each assessment is consistent with the four other evaluations • Competency Assessment • Performance Appraisal • Potential Forecast • Succession Planning • Career Planning 5/18/2015 Otto Tawanda Chisiri . all right reserved 24
  25. Multi-Rater Assessment Employee. The owner of the career plan that is aligned with the succession plan Boss. The primary assessor Boss’s boss. The key link in the vertical succession and career plan Boss’s peer group. Source of potential new assignments in the same or other function 5/18/2015 Otto Tawanda Chisiri . all right reserved 25
  26. Diagnostic Tools Otto Tawanda Chisiri . all right reserved 26 SuperkeeperTM reservoir. •SuperkeepersTM are employees whose performance greatly exceeds expectations, who inspire others to greatly exceed expectations, and who embody institutional competencies. Keeper Key position backups. •The “insurance policies” that ensure organization continuity. Every key position should have at least one backup at the “Keeper” (exceed job expectations) level. Surpluses. •Positions with more than one replacement for an incumbent. While ostensibly a positive result of the talent management process, it can be a potential source of turnover and morale problems if the replacements are blocked by a non-promotable incumbent and/or there is no realistic way most of the promotable replacements can advance. (Lance and Dorothy Berger, 2011)
  27. Diagnostic Tools Otto Tawanda Chisiri . all right reserved 27 Voids. • Positions without a qualified backup. Determine whether it will transfer someone from the surplus pool, develop alternative candidates, or recruit externally. Blockages. • Non-promotable incumbents standing in the path of one or more high-potential or promotable employees. Problem employees. • Those not meeting job expectations (measured achievement or competency proficiency). Give opportunity to improve, receive remedial action, or be terminated. The time frame should be no longer than six months. (Lance and Dorothy Berger, 2011)
  28. What is competency? Competencies are the core elements of talent management practices • They are the demonstrable and measurable knowledge, skills, behaviors, personal characteristics that are associated with or predictive of excellent job performance. • Examples • Adaptability, teamwork, decision making, customer orientation, leadership, innovation etc. 5/18/2015 Otto Tawanda Chisiri . all right reserved 28
  29. Competencies and Definitions Action Orientation • Targets and achieve results,overcomes obstacles, accepts responsibility, creates a results-oriented environment..... Interpersonal Skill • Effectively and productively engages with others and establishes trust, credibility, and confidence with them Creativity/Innovation • Generates novel ideas and develops or improves existing and new systems that challenge the status quo, takes risks, and encourage innovation Teamwork • Knows when and how to attract, develop, reward, be part of, and utilize teams to optimize results. Acts to build trust, inspire enthusiasm, encourage others, and help resolve conflicts and develop consensus in supporting higperformance teams (Berger and Berger, 2011) 5/18/2015 Otto Tawanda Chisiri . all right reserved 29
  30. Why Competencies? The challenge is to identify which competencies the organization expects to see in their people The starting point of the model is the creed (values, principles, expectations) and the business strategies Through a competency model the organization sends a consistent message to the workforce about “what it takes” to be successful in the job Helps employees understand what helps drive successful performance The Competency Model approach focuses on the “How” of the job. Competency model is behavioral rather than functional, focuses on the people rather than jobs Competency models are outcome driven rather than activities (Job descriptions focus on activities, competencies focus on outcomes) Integrates HR strategy with business strategy –both focus on outcomes
  31. Why Competencies? The competency model serves as the foundation upon which all workforce processes are built. • Competencies promote alignment of talent management systems by creating a common language that enables these systems to talk with each other! That is, results of one TM system is used as the input data for the following TM system. 5/18/2015 Otto Tawanda Chisiri . all right reserved 31
  32. The Competency Model The Competency Model identifies usually three groups of competencies: • Core competencies for the entire organization to shape the organizational capabilities and culture required to achieve the strategic goals(5 or 6) • Leadership competencies for the management teams of various levels for selection, career planning and development • Functional (technical)competencies (specific for each job family) 5/18/2015 Otto Tawanda Chisiri . all right reserved 32
  33. Developing a Competency Model • Use commonly available “ready to use” models with small adjustments for your organization • Develop own competency model with help of consultants • Behavioral Benchmarking compare superior performers with other best people in the organization and in other benchmark companies 5/18/2015 Otto Tawanda Chisiri . all right reserved 33
  34. Developing Organization’s Own Competency Model • Overview of current tasks and responsibilities • Come to agreement about what successful “outcome driven” performance looks like • Review of competency library and selection of “must haves” for the position • Rank top competencies as demonstrated by exemplary (superior) performers • Identify of those competencies that align with the vision, mission and strategic plan of the organization • Verify the competencies with a larger sample of the organization 5/18/2015 Otto Tawanda Chisiri . all right reserved 34
  35. Choosing Competencies Before choosing competencies in an organization following requirements must have been completed: • Establishment of vision, mission, values • Strategic business goals • Identification of the tasks, responsibilities and outcomes expected from each position • Identification of the superior (exemplary) performers • Satisfactory competency library 5/18/2015 Otto Tawanda Chisiri . all right reserved 35
  36. Talent Management TALENT=COMPETENCE+COMMITMENT+CONTRIBUTION • Being competent is not only enough to be a talent • The competent person should be committed to the causes and goals of the organization • And should be able and willing to contribute to the success of the organization • So, developing your talent is not enough, the organizations need to take all the measures to motivate, reward their talent pool to gain their commitment and contribution. • Retention is also essential to gaurantee future alignment of the talent with the right key positions 5/18/2015 Otto Tawanda Chisiri . all right reserved 36
  37. Talent Management Model Expectations for the future. Businesses should identify • Job roles • Spesific objectives • Competencies Capabilities to meet the expectations Work environment • Managerial support • Rewards and recognition • Removing barriers Feedback systems needed to • Focus • To keep on track • Develop 5/18/2015 Otto Tawanda Chisiri . all right reserved 37
  38. Talent Management Process Organization Analysis -Job descriptions -Job spesifications Assessing the Emloyees A B C D Potential Candidates Performance Evaluation Buss. Results Personal Development Activities Career Committees Potancial Candidates and Succession Lists Approval of the Lists Analysis Assessment Development Talent Development Programs January - March April May on......5/18/2015 Otto Tawanda Chisiri . all right reserved38
  39. Structure of a Talent Management Program • Building Block 1: Identification and assessment of competencies • Building Block 2: Performance appraisals • Building Block 3: Succession and career planning • Development of talent (coaching, mentoring, training) • Linking compensation with the program (reward and motivate) • Targeting culture as an important driver of TM programs • Secure senior executives’ commitment to make the talent management model work • Evaluate the results of talent management system on a regular basis 5/18/2015 Otto Tawanda Chisiri . all right reserved 39
  40. Integrated Functions of TM • Performance appraisals, assessments of potential, competency evaluations, career planning, and replacement planning (the core elements of talent management) should be linked to each other. • Stand alone functions are destined to end with failure 5/18/2015 Otto Tawanda Chisiri . all right reserved 40
  41. HR and TM HUMAN RESOURCES MANAGEMENT TALENT MANAGEMENT  Broad Scope (entire employees)  Emphasize egalitarianism  Focus on administrative functions  Transactional  Focus on systems with silo approach  Focus on segmentation (key group of core employees and key positions)  Focus on potential people  Focus on the attraction, development and retention of talent  Focus on integratation of HR systems 5/18/201541
  42. Classwork and/or Homework •Prepare a list of 5 competencies for your own position. Explain why you choose these competencies and what do they include behaviorally? 5/18/2015 Otto Tawanda Chisiri . all right reserved 42
  43. TATENDA THANK YOU & CONCLUSION 5/18/2015 Otto Tawanda Chisiri . all right reserved 43
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