High-impact Talent Management

High-impact Talent Management: Ensuring a Ready Workforce

“Top executives worldwide rank human capital risks as the most serious challenge facing their organizations. (Yet) recent studies show that in the next few years many companies could have only half the leaders and skilled workers they need. (Thus,) line executives have to ask themselves: How do we reduce the risks of talent shortages and also maximize the payoff of workforce and leadership development investments? What is the senior manager’s real job in developing future workforce and leadership capabilities?”

Steve Trautman advocates an outcomes-focused, “ready workforce” approach:

assessing and redefining the manager’s role as a customer of talent management

an executive framework for talent management: what it means to be a sponsor
aligning talent management efforts with business strategy

assessing and prioritizing ready workforce risks

using a Knowledge Silo Matrix (KSM) to inventory talent and to initiate key actions and mentoring for goal achievement.

“Talent Management is not just another buzz word. You may think of TM as human resources, human capital planning, workforce planning, or retention. But it doesn’t matter what you call it, it matters what you do with it.”