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Talent Management
How to Recruit, Nurture and
   Retain your people
Recruit
Think of Recruiting Talent as Being Like




   You need to create the right degree of
   magnetism with:
   • The Organisation’s Brand
   • Effective People Practices
Your Brand




• Present your organisations culture as it really
  is, rather than some idealised projection that
  will ultimately cause high attrition rates and
  damage the brand
People Practices


                         Effective
                        management

        Sound                            Interesting &
     recruitment                           rewarding
      Strategies                             work



                       People
Coaching and          Practices                 Personalised
                                                development
 Mentoring
                                                   plans




                                 Networking
               Ethics and
                                     and
                  CSR
                                Collaboration
Recruitment Strategies


                 Old Reality                       New Reality
Recruiting is like purchasing       Recruiting is like sales and marketing:
                                    organisation is the product
Recruit from traditional sources    Look at the diverse pools of talent and be
                                    prepared to train and develop
People accept offers                People demand much more
Recruit to fill today’s positions   Hunt for talent all the time an plan much
                                    farther ahead
Top Drivers to Attract Talent



                 Competitive base pay


                   Work life balance


                   Challenging work


                 Career advancement
                    opportunities

               Salary linked to individual
                     performance
Nurture



 A strong    A strong
 strategic   strategic
leadership   narrative


   An
employee     Integrity
  voice
The VIDI Culture




  V         I          D           I       Engaging
Valued   Involved   Developed   Inspired    Talent
Retain


  Organisation retains people with
          necessary skills

       Satisfaction with the
      organisation’s decision

   My manger understands what
         motivates me

   An ability to balance my work-
             personal life

       The reputation of the
  organisation as a good employer
Six mistakes that may doom your talent investment




                         Equate current
  Assume that high                         Delegate down the
                        high performance
   potentials are                           management of
                           with future
   highly engaged                              top talent
                            potential


  Shield rising stars      Expect star     Fail to link stars to
     from early          employees to       your corporate
     derailment          share the pain          strategy
Action on Retention

Engagement                                                Social
                                                       Interaction
                                                                                   Growth
                                Test                                             Opportunities


             Relationship
                                           Feedback
                                                                     Work-life
                                                                     balance
   Job
  design
                       Communication
                                              Compensation
                                                                                 Recognition
                                                Package




                                                             Define
      Volunteers                  Equity                  expectations
Creating a Talent Retention Culture



                    Promote from
                       within &         VIDI
                      work-life      Framework
                       balance



                                             Effective teams
          Engagement is
                                                & Mutual
            expected
                                                 respect



                                           Expertise &
              Risk taking
                                           Competence


                             Respected
                            Leadership &
                             Openness
10 ways to improve your Talent Management


1. Avoid metrics for the sake of metrics
2. Establish a process for deciding what you consider
   success
3. Seek to be able to answer the question
4. Make sure chosen metrics drive intended action
5. Pay particular attention to levels of employee
   engagement and ways to measure it, not just once
   but regularly
10 ways to improve your Talent Management


6. Narrow down the talent metrics to a manageable
    few – not more then 2 or 3
7. Use a metric to show whether succession planning
    within your own area of influence enables mainly,
    internal recruitment
8. Consider using a metric showing employee
    retention rates
9. Benchmark your local retention rates
10. Track talent development and performance to
    make smart decisions about talent
How to get the message to Different Audiences



         Different Audiences           Different Approaches
High Potentials                Turn your talk into questions
Board levels                   Talk about a story
Line managers                  Talk a bout the processes
Front line staff               Talk about engagement
Other stakeholder, such as     Talk about unlocking potential
shareholders
Are you asking the right questions about your Talent Management




Do your recruitment programmes attract your future managers
Do you know which employees are ready for management positions
Can we identify inspirational or potentially inspirational leaders
What will be our staffing needs in five years time
Which employees are at risk of leaving, what can we do to keep them
Do we have the right skills mix to achieve our goals
What will our future leaders need in the way of specific skills and attributes
Should we limit development to a few high potentials or spread it more widely
What is the current attrition rate in the organisation and what is it costing
What is the level of engagement in the organisation
How do we raise engagement levels to attract maximum discretionary effort
Does our remuneration strategy actively support talent
What metrics do we rely on to manage our talent
Thank you Page

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Talent Management Strategies to Recruit, Nurture and Retain Top People

  • 1. Talent Management How to Recruit, Nurture and Retain your people
  • 3. Think of Recruiting Talent as Being Like You need to create the right degree of magnetism with: • The Organisation’s Brand • Effective People Practices
  • 4. Your Brand • Present your organisations culture as it really is, rather than some idealised projection that will ultimately cause high attrition rates and damage the brand
  • 5. People Practices Effective management Sound Interesting & recruitment rewarding Strategies work People Coaching and Practices Personalised development Mentoring plans Networking Ethics and and CSR Collaboration
  • 6. Recruitment Strategies Old Reality New Reality Recruiting is like purchasing Recruiting is like sales and marketing: organisation is the product Recruit from traditional sources Look at the diverse pools of talent and be prepared to train and develop People accept offers People demand much more Recruit to fill today’s positions Hunt for talent all the time an plan much farther ahead
  • 7. Top Drivers to Attract Talent Competitive base pay Work life balance Challenging work Career advancement opportunities Salary linked to individual performance
  • 8. Nurture A strong A strong strategic strategic leadership narrative An employee Integrity voice
  • 9. The VIDI Culture V I D I Engaging Valued Involved Developed Inspired Talent
  • 10. Retain Organisation retains people with necessary skills Satisfaction with the organisation’s decision My manger understands what motivates me An ability to balance my work- personal life The reputation of the organisation as a good employer
  • 11. Six mistakes that may doom your talent investment Equate current Assume that high Delegate down the high performance potentials are management of with future highly engaged top talent potential Shield rising stars Expect star Fail to link stars to from early employees to your corporate derailment share the pain strategy
  • 12. Action on Retention Engagement Social Interaction Growth Test Opportunities Relationship Feedback Work-life balance Job design Communication Compensation Recognition Package Define Volunteers Equity expectations
  • 13. Creating a Talent Retention Culture Promote from within & VIDI work-life Framework balance Effective teams Engagement is & Mutual expected respect Expertise & Risk taking Competence Respected Leadership & Openness
  • 14. 10 ways to improve your Talent Management 1. Avoid metrics for the sake of metrics 2. Establish a process for deciding what you consider success 3. Seek to be able to answer the question 4. Make sure chosen metrics drive intended action 5. Pay particular attention to levels of employee engagement and ways to measure it, not just once but regularly
  • 15. 10 ways to improve your Talent Management 6. Narrow down the talent metrics to a manageable few – not more then 2 or 3 7. Use a metric to show whether succession planning within your own area of influence enables mainly, internal recruitment 8. Consider using a metric showing employee retention rates 9. Benchmark your local retention rates 10. Track talent development and performance to make smart decisions about talent
  • 16. How to get the message to Different Audiences Different Audiences Different Approaches High Potentials Turn your talk into questions Board levels Talk about a story Line managers Talk a bout the processes Front line staff Talk about engagement Other stakeholder, such as Talk about unlocking potential shareholders
  • 17. Are you asking the right questions about your Talent Management Do your recruitment programmes attract your future managers Do you know which employees are ready for management positions Can we identify inspirational or potentially inspirational leaders What will be our staffing needs in five years time Which employees are at risk of leaving, what can we do to keep them Do we have the right skills mix to achieve our goals What will our future leaders need in the way of specific skills and attributes Should we limit development to a few high potentials or spread it more widely What is the current attrition rate in the organisation and what is it costing What is the level of engagement in the organisation How do we raise engagement levels to attract maximum discretionary effort Does our remuneration strategy actively support talent What metrics do we rely on to manage our talent