strategic talent management slides
TRANSCRIPT
Strategic Talent Management
How to define strategic capabilities and strategic positions
Red dots shows C players in roles that are strategicThis is damaging to successful implementation.B players, in Yellow, managing Strategic Talents in Green, is a Risk to the talents doing their job and reaching potential.
Right talent, right role , right time
Strategic roles A roles are in Green box outlines, Red is a C role
Defining strategic capabilities
”
What are the things that your organisation (or part of the organisation)
needs to do well? These could be things like consumer insight, product
innovation, manufacturing excellence, leadership, operational excellence
and collaboration. Once the 4-6 core capabilities are identified, you will
need to rate (honestly) how good your organisation is today and where it
needs to be in order to succeed in the future. Strategic capabilities are core
competencies.
Strategic Capabilities
Today Required in the future
World Class
Highly
Competitive
Abysmal
Elite
Competent
5
4
3
2
1
R&D Licensing/
Acquisitions
Sales/
Marketing
Government
relations
Quality Leadership
This example shows the ‘strategic capabilities’ decided upon by the leaders of a large
pharmaceutical firm. It illustrates the conclusions of the discussion they had around where they are
today, and where they need to be in the future in order to succeed.
Source: Dick Beatty,
“The Workforce
Scorecard”
Identifying Strategic Capabilities
Today Required in the future
World Class
Highly
Competitive
Abysmal
Elite
Competent
5
4
3
2
1
A____________
As individuals, complete the following exercise. What do you believe the strategic capabilities of
your organisation should be? Choose no more than 5 strategic capabilities.
Name of your organisation =
B____________ C____________ D____________ E____________
Source: Dick Beatty,
“The Workforce
Scorecard”
Discussion – what are our ‘strategic positions’
Host a discussion to agree what the ‘strategic positions’ in
your organisation are.
The exercise on the next page may help you to structure your
discussion – you can also use it to note your conclusions for
use later. As part of this conversation you will need to review
actual data on the number/type of roles in your organisation.
Source: Adapted for Sony from ‘The Workforce Scorecard’
The objective of this exercise is to create a list of the ‘strategic positions’ in your organisation. The chart
below may help you to structure this conversation – and to provide a framework to note down your
conclusions. List each role once only – irrespective of whether it contributes to multiple strategic
capabilities. You will need additional paper or flipchart.
A ie this might be E
store]
B C D E
Strategic capabilities
Strategic positions – aligned to strategic capabilities
Executive leadership?
Strategic players
”
What is a ‘strategic player’?
These are the people, that if in appropriate role, will make the biggest difference to
business performance. Players are categorised as top talent, emerging talent,
career level/move, using an A,B and C scale. It is important to acknowledge that a
B player may have A potential given the right role.
Review the template that follows and create your own definition of A player in
YOUR OWN BUSINESS.
Source: Adapted for Sony from ‘The Workforce Scorecard’
These are examples to help you define what ‘strategic players’ should be in your business. Review the definitions below.
“A” Player “B” Player “C” Player
Track Record Exceeds expectations of employees, customers, and peers Meets key customer expectations Occasionally meets expectations
Hiring Hires A-players and employees with A-potential; has the “edge” to make the
tough calls and remove consistent C-players
Hires mostly Bs and an occasionally a costly C-
player; accepts less than top performance
Hires mostly C-players; crises occur due to low
talent level; tolerates mediocrity
Salary guideline Compensation should ideally be at Q3 of appropriate market Compensation should ideally be at 50th – 65th
percentile of appropriate market
Compensation should ideally be at median or
below of appropriate market
Vision Facilitates the creation and communication of a compelling and strategically
sound vision of new ways of working
Vision lacks credibility; is somewhat unrealistic or
strategically flawed
Embraces tradition over forward thinking
Analytical Able to rapidly perform complex analyses Not as insightful as an A-player Has difficulty coping with new, complex situations
Communication Excellent oral/written skills Average oral/written skills Mediocre skills
Coaching Successfully counsels, mentors, and teaches each team member to
significantly improve performance and personal/career growth
Performs annual performance reviews and some
additional feedback; is inconsistent in coaching
Inaccessible, hypercritical, stingy with praise and
late/shallow with feedback; avoids career
discussions
Team Building Creates focused, collaborative, results-driven teams; energizes others May want teamwork but does not make it happen Drains energy from others; actions prevent
synergy
Diversity “A” players recruit and promote based on capability, demonstrating no bias
with regard to gender, race etc.
“B” players generally recruit and promote on merit
and without bias
Decisions may be based around alliances rather
than on merit
Customer Focus Extremely sensitive and adaptive to stated+ unstated customer needs.
Anticipates/ influences customer needs to deliver effective solutions. Thorough
understanding of the breadth of stakeholder interests and needs
Knows that “customer is king” but does not act on
it as often as A-players
Too inwardly focused
Leadership Initiates needed change; highly adaptive and able to “sell” the organization on
change
Favors modest, incremental change, so there is
lukewarm “followership”
Prefers the status quo; lacks credibility, so people
are hesitant to follow
Drive Passionate; extremely high energy level; fast paced; tenacious, makes things
happen
Motivated; energetic at times Dedicated; inconsistent pace
Resourcefulness Impressive ability to find ways over, under, around, and through barriers;
invents new ways of working
Open-minded and will occasionally find a new
solution
Requires specific direction
Integrity 100% robust, decisive personality Honest Actions/decisions can lack integrity
Know your strengths and bench
10
Performance High
Mismatch
Problems Soldiers
Talents
Potential
High
Low
Sales
IS
Mkt
Ops
Objective Assessment of Talents
• Can only be really useful if done by comparable method
• Needs common agreed criteria for talent
• Needs to be fair and robust to be credible with management
• Needs to be something that makes decisions clear and uncompromising and not subjective
• Could use tools and competencies that already exist, with additions where needed
• Risk is using less objective, current data without checking consistency and comparability = hit and miss deployment
Strategic Talent Management
Assess
Deploy
Coach
Develop
Reward
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