TALENT MANAGEMENT

TAC PRESENTATION

Presented by:
Dhananjay Gotmare
 Consider this…

..at any one time 59% of employees

will be open to working elsewhere
What is Talent Management?
A set of business practices that manage
the planning, acquisition, development,
retention and advancement of talent in
order to achieve business goals and
optimize performance.

“Nothing is as important as identifying,

training, and holding onto talented
people” – Jack Welch
IMPORTANCE OF TALENT
MANAGEMENT

• Recruitment
• Retention
• Employee development
• Leadership and "high potential
employee" development
• Performance management
• Workforce planning
• Culture
In good times and bad

When business needs are high,

people with a range of talents are
added.

When business eases, talent needs

drop and workforce reductions and
hiring freezes are common
responses
 Role of HR in
Talent Management

• Executing talent management strategy

• Being custodians of the talent

management process

• Providing guidance and fresh thinking

about talent management programs
Talent Management Helps in
Increasing Reducing
• Employee • Employee turnover
satisfaction
• Time to ramp new
• Worker productivity hires

• Learning
effectiveness

• Service levels
Talent Management At a Glance

Align
Current Development Future
Organizational with Needs
Objectives

Improve
Critical
Workforce Competency
Competencies
Competencies Gap

Required Job Skills Close Gaps Required Job Skills

& Monitor
Performance
Talent Management Process

PLAN

EVALUATE

DEVELOP

ADVANCE

LEAD

ANALYZE
Identify The Employees

Superkeepers

– A very small group of individuals who

have demonstrated superior
accomplishments, and who embody
the core competencies and values of
the organisation
Identify The Employees
Keepers
– Those who exceed employee expectations

Solid Citizens
– Meet organisational expectations

Misfits
– Those who fall below organisational
expectations
Measure and Monitor
Talent

Self-Management
•Progress monitoring
•Self assessment
•Competencies update
Measure and Monitor
Talent

Employee Management
• Appraisals
• Project reviews
• Performance reviews
• Progress monitoring
Measure and Monitor
Talent

Career Progression Metrics

• Training completion & success rates
• Skills improvement rates
• On-the-Job Proficiencies
HOW TO EFFECTIVELY MANAGE
TALENT?
• Build a winning environment that people want
to belong to

• Establish a talent management mindset, which

embeds ownership and accountability for
optimising talent and potential

• Create tangible means to identify, select and

deploy people of outstanding talent

• Fully engage talent, use it and manage it

intelligently
 Recognize
talent

Change
Attracting
Organisation
Talent
Culture
WAYS TO
MANAGE
TALENT
Managing Selecting
Succession Talent

Retaining
Talent
ways to keep hold of talent

•Build a path that enables the employees

to utilise their full potential

•Invest in building the psychological

contract

–Individual growth
–Compelling future
–Pay
–Positive workplace
 Talent Retention Map
Career Progression

Plan Instruct Measure & Reward &

Monitor Promote

• Align • Provide • Give Suitable

Workforce Training Compensation
to Strategic • Enable • Track and Rewards
Objectives Global Learning and
• Retain Top Learning Progression
Talent • Quantify the
Effect of
Training

Learning Retention
Appreciate the contribution of
all the employees

The woods would be very silent if no

birds sang there except those that
sang best
THANK YOU...