Talent Management

Session 5: Discovery of Talent

By Prof. Pranoti Paradkar
ISB&M

Learning Objectives
Strategic Talent Planning
Difference between traditional Recruitment and
Talent Acquisition Strategy
Ways to arrest attrition

Discovery of Talent
Diversity as Asset
Identifying your talent needs
Competency models & Assessment

Types of Workforce Planning

Traditional Headcount Planning
Can be used for stable organization
No view of available supply of Talent
No dialogue between workforce planners & business leaders on future organizational
capabilities & roles organization will need in next two, three or five years

Workforce Analytics
blends approaches from forecasting principles analytics blends approaches from
forecasting principles, scenario planning & traditional head count planning to create
current & future workforce forecasts for specific roles under various business scenarios.
Can produce picture of a future business scenarios

Strategic Workforce Planning

Generate Data analytics and insights about current & future talent
Identifies talent gaps 7 determine what actions & investments are needed

Strategic Workforce Planning

Translate business strategy into organizational capabilities
Determine the talent needed to deliver on organizational
capabilities
Confirm current talent needs & future talent forecasts
Conduct a talent gap analysis for current & future talent
states
Identify actions & investments to close current & future
talent gaps

Strategic talent Plan

SWP- Step 1

SWP Step 2

SWP Step 2

SWP

(.. Contd)

Step 3: Forecasting Head Count Needs

Quantitative Staffing
Qualitative Staffing

Step 4: Conducting talent Gap Analysis

Value to the Strategic objective
Time to acquire & develop proficiency
Size of the gap

Step 5: Identifying Actions & investments

Building
Buying
Rent

New Recruitment Startegy

Pump talent in at all levels
Hunt for talent all the time
Tap many diverse pools of talent
Find ways to reach passive candidates
Break the compensation rules to get the candidates you
want
Recruiting is about selling as well as screening
Develop a recruiting strategy for each type of talent.

For Assignment
Developing Competency Matrix