TALENT ACQUISITION AND MANAGEMENT LECTURE 4

TALENT ACQUISITION AND MANAGEMENT LECTURE 4

1. TALENT ACQUISITION & MANAGEMENT
LECTURE -4
Introduction to Talent Acquisition & Management -IV
PROF. SANTOSH RANGNEKAR
DEPARTMENT OF MANAGEMENT STUDIES

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2. Talent Management Benchmarking Practices

•Defining "talent management" broadly.
•Integrating the various elements of talent management into a
comprehensive system.
•Focusing talent management on their most highly-valued
talent.
•Getting CEOs and senior executives committed to talent
management work.
•Building competency models to create a shared understanding of the skills
and behaviors the organization needs and values in employees.

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4. Eight most critical barriers in talent management and the
percentage of executives who ranked them


•54% Senior managers don’t spend enough time on talent
management
•52% Line managers not sufficiently committed to people
development
•51% Managers discourage collaboration, resource sharing
•50% Line managers unwilling to differentiate high, low
performers
•47% Senior leaders do not align talent management and
business strategies
•45% Line managers ignore chronic underperformance
•39% Planning or allocation do not match right people to roles
•38% CEO or senior team don’t have shared view of pivotal roles

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5. Contd..

•Monitoring talent system-wide to identify potential talent gaps.
•Excelling at recruiting, identifying, and developing talent, as well as
performance management and retention.
•Regularly evaluating the results of their talent management system.






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