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Printable Handouts
Navigable Slide Index
- Introduction
- Outline
- Context of talent management
- Definition
- TM as a substitute for HRM
- Development of talent pools
- The management of talented people
- The identification of key positions
- Collings & Mellahi definition
- A model of talent management
- Pivotal talent positions (1)
- Pivotal talent positions (2)
- Developing a talent pool (1)
- Developing a talent pool (2)
- A differentiated HR architecture
- Challenges of managing star employees
- Defining talent
- Identifying high potential
- To inform or not?
- Implications of disclosure
- The war for talent: negative implications
- Emphasising the individual over the team
- Predicting star performance (1)
- Predicting star performance (2)
- Predicting star performance (3)
- Glorification of outsiders
- The self-fulfilling prophecy
- Ignoring systematic & cultural problems
- The way forward
This material is restricted to subscribers.
Topics Covered
- Context of talent management
- Definition
- Talent management as a substitute for HRM
- Development of talent pools
- The management of talented people
- The identification of key positions
- Collings & Mellahi definition
- Strategic talent management
- Pivotal talent positions
- Developing a talent pool
- A differentiated HR architecture
- The challenges of managing star employees
- Defining talent
- Identifying high potential
- Implications of disclosure
- Negative implications of the war for talent
- Emphasising the individual over the team
- Predicting star performance
- Glorification of outsiders
- The self-fulfilling prophecy
- The way forward
Talk Citation
Collings, D. (2019, November 28). Talent management [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved November 23, 2024, from https://doi.org/10.69645/YWKY9309.Export Citation (RIS)
Publication History
Transcript
Please wait while the transcript is being prepared...
0:00
Hi, my name is David Collins and I work at the J.E.
Cairnes School of Business and Economics at the National University of Ireland,
Galway, and my talk today is around a topic of talent management.
I'm sure many of you have come across the term talent management before.
It's certainly something that we read a lot about in the business press.
It's something that occupies a lot of managers' time,
yet it's something that we don't have a very complete understanding of what it is,
and how it matters to organizations.
So hopefully over the course of the next 40,
50 minutes or so,
we'll unpack some of the mystery around talent management,
and think about what talent management is,
and how it matters to organizations.
0:37
There are two key themes which will form the basis
of today's presentation and provide a structure for us.
The first one is to unpack a little bit
exactly what we mean by the term strategic talent management.
So what is it?
Secondly, why does it matter to organizations?
How is it different to human resource management?
Are there other types of people management that have gone before?
I think that's quite an important questions to think about.
The second part of the presentation focuses on the challenges of managing star employees.
So unpacking the extent to which simply hiring great talent is a route to performance,
and thinking about some of the challenges that star employees bring to organizations,
and some of the challenges that are focused on managing
those star employees in
talent management systems creates for other employees in the organization.
1:25
Before progressing onto a discussion of what talent management is,
I think it's important to think a little bit about the context of talent management.
By that I mean, understanding a little bit where the terminology came from,
and how it became so central to the managerial lexicon over recent decades.
I think when some authors like Peter Cappelli, and the like,
would argue that talent management actually has
a long historical legacy and has been in
evidence in many organizations for long periods of time,
I think there's certainly a lot of truth in those arguments.
In the mainstream use of the terminology talent management,
that certainly emerged around the mid to late 1990s when
a group of McKinsey consultants coined the term 'the war for
talent' to reflect the challenges which US organizations in
particular were facing in the context of tightening labor markets,
and the challenges which they face to find key employees to staff their organizations,
and retain those employees,
and overall the contribution that those employees could make to corporate performance.
That idea very quickly caught on.
Within a decade, a survey undertaken in
the UK context by the Chartered Institute of Personnel and Development,
which is the body responsible for the HR profession in the UK,
found that 51 percent of managers they've
surveyed undertook talent management activities.
Around the same time, a study by the Economist Intelligence Unit,
which focus specifically on CEOs and organizations,
found that the majority of those CEOs spend in
excess of 20 percent of their time on talent issues,
with some spending up to 50 percent of their time.
The same survey found that the majority of those CEOs argued that
their sense was that talent management was too important to be left to HR alone.
It was so central to the performance of their organizations that they
felt it was a responsibility of the entire management team, not just HR.
Again, another survey by the Boston Consulting Group,
which looked at the future of the HR function in Europe through to 2015,
found that talent management
was one of the five key challenges which the HR profession managed in Europe.
Interestingly, another one at the top five
focused on the problems of demographics and the labor force,
which is where we started with the whole argument about
talent management in the McKinsey Studies in the US context.
Interestingly, the Boston Consulting Group study also
found that it was the one which managers felt least prepared,
the least to able to deal with.
So it was something that was hugely important to them,
yet they felt they were least able to deal with it,
least prepared to deal with it.