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effective talent
management
strategy*
*How to Maximize ROI with Low Initial
Investments




        [vladimir damnjanovic]
talent
[mass noun] natural aptitude or skill definition given by
oxford dictionaries


talent management*
Broadly defined as the implementation of an integrated
strategies or systems [talent acquisition, onboarding,
performance management, learning and development,
rewards, succession planning / talent review] designed
to increase workplace

productivity by developing improved processes for
attracting, developing, retaining and
utilizing people with the required talents (skills and
aptitude) to meet current and future business needs.
definition given by SHRM;
talent acquisition
              *employer’s branding
                [values workshop | talent shortage planning
                [employers branding strategy | graphic elements
                [communication channels
attracting

                [student binding process
                [impressions during recruitment process | gifts
                [endorsements

              *talent sourcing
               [recruitment strategy | channels and partners
               [selection process | talent assessment
               [skilled interviewers
               [checking image during interviews
               [metrics / contests for best employer
onboarding                onboarding

                                [when onboarding process starts for you?
                                     before first day      52.1%* [welcome letter]
                                     on 1st day or later   47.9%*
                                [what means first day?
             attracting

                                    intro presentation
                                     handbook
                                     gift
                                     common lunch
                                [duration of onboarding process
                                     90 days               24.9%*
                                [highly structured process | mentor or buddy
                                [reality checks
                                     30 & 90 days
                          *A Journey through the Landscape of Employee Onboarding 2012 Survey Results
                          ©2012 Intrepid Learning Solutions
performance management
            “clear link between performance management, development and rewards
            will create conditions for talents retention”

             *objective management
                [transversal & linked to strategy
                [management level / company & individual
retaining

                [associates level / team based & individual
                [base level / team based


            *competencies management
                [clearly defined and linked to values
                [appraisal process clearly defined
                [appraiser are trained
                [list of development activities
                [linked to rewards
learning & development
                   core principle / development responsibilities


                                         My


                     Me                Manager
developing

                                       Human
                                      Resources
                                      Departmen
                                          t




             *management development
               [self awareness
               [manager@our culture
               [manager as a coach
               [core trainings
               [training reinforcement
               [recognition program
learning
             [focus on three main talents and technical skills,
             improvement areas should be developed on acceptable
             level
             [approach to development as marketing campaign to
             changing behavior
developing
                    [well developed learning policy
                    [transversal learning
                    [core internal training
                      Communication
                      Collaboration
                      Creativity / Creative Solving Problems
                    [coaching process
                    [development plans
                      Individual development plans
                      performance improvement plan
rewards strategy
                         * compensation
                               [defined policy and position on market
attracting & retaining
                               [established pay structure
                               [salary increase policy based on
                               performance / potential / market
                               [clear link between performance and rewards
                               [bonus system connected to objectives and
                                competencies

                         *performance & recognition
                                 [clear link between values and recognition
                                 [recognition programs for learning support
                                 [idea management process and rewards
                         *benefits, work/life balance & development and career
                         opportunities
talent review
                        [focus future
                        [potential assessments
                        [link with learning and development
developing &retaining


                                [well developed process
                                [involvement of all stake holders
                                [decisions that affect future

                                [creation of individual talent profile
                                [succession plans
high brand visibility
     higher quality of           Faster integration
     candidates pool              process of new
student pool for future                comers
     development of             Decreased time for
        companies                   reaching full
lower recruitment and                productivity
      selection costs          positive impressions
    substitute for job             employees as             steering organization
  boards | recruitment              ambassador               road map for talent
 through social media         Prevention of making              development
     effective PR as          decision for leaving in          base for linking
     consequence of                first 6 months               performance
    selection process           Image of company              management and
   lower possibility of          that takes care of                rewards




=                         +                             +
     hiring mistakes                 employees              development of goal
                                                               oriented culture

   value workshop             Structured onboarding            clear process,
                                       process                well defined goals
   communication
                                          gift              competencies linked to
  channels: social
                                 first 90 day plans                 values
media, infostud, stude
                                    reality checks
      nt binding
                                       metrics
 programs, tools for
        talent
  assessment, well
  defined selection
      process,
highly developed
            workforce                   link between
            developed                performance and
    management that can                     rewards
       develop all people             culture of high
    perception of company               performance
     that invests in people        clear aim of reward
      high retention due to       strategy is to reward
      comparison to other          most key people in
    companies in industry                  company                  compass for
    productive company in         cost optimization due             development




                                                                                         success
          terms of clear            to following clearly         identification of key
      communication and               defined market             people in company
           collaboration                    strategy              applying retention
                                     reinforcement of                  strategy




+                             +                            +                             =
                                  learning investments         link with rewards and
                                                                    performance

      developed strategy             clear strategy               clear process,
                                  recognition process          decisions that affects
      developed internal
                                      and awards                      future
      core trainings and
                                  promise about work
              trainers
                                      life balance
          management
    development process
     initial investments in
              learning
                  ,




             talent management

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Effective Talent Management Strategy V.Damnjanovic

  • 1. effective talent management strategy* *How to Maximize ROI with Low Initial Investments [vladimir damnjanovic]
  • 2. talent [mass noun] natural aptitude or skill definition given by oxford dictionaries talent management* Broadly defined as the implementation of an integrated strategies or systems [talent acquisition, onboarding, performance management, learning and development, rewards, succession planning / talent review] designed to increase workplace productivity by developing improved processes for attracting, developing, retaining and utilizing people with the required talents (skills and aptitude) to meet current and future business needs. definition given by SHRM;
  • 3. talent acquisition *employer’s branding [values workshop | talent shortage planning [employers branding strategy | graphic elements [communication channels attracting [student binding process [impressions during recruitment process | gifts [endorsements *talent sourcing [recruitment strategy | channels and partners [selection process | talent assessment [skilled interviewers [checking image during interviews [metrics / contests for best employer
  • 4. onboarding onboarding [when onboarding process starts for you? before first day 52.1%* [welcome letter] on 1st day or later 47.9%* [what means first day? attracting intro presentation handbook gift common lunch [duration of onboarding process 90 days 24.9%* [highly structured process | mentor or buddy [reality checks 30 & 90 days *A Journey through the Landscape of Employee Onboarding 2012 Survey Results ©2012 Intrepid Learning Solutions
  • 5. performance management “clear link between performance management, development and rewards will create conditions for talents retention” *objective management [transversal & linked to strategy [management level / company & individual retaining [associates level / team based & individual [base level / team based *competencies management [clearly defined and linked to values [appraisal process clearly defined [appraiser are trained [list of development activities [linked to rewards
  • 6. learning & development core principle / development responsibilities My Me Manager developing Human Resources Departmen t *management development [self awareness [manager@our culture [manager as a coach [core trainings [training reinforcement [recognition program
  • 7. learning [focus on three main talents and technical skills, improvement areas should be developed on acceptable level [approach to development as marketing campaign to changing behavior developing [well developed learning policy [transversal learning [core internal training Communication Collaboration Creativity / Creative Solving Problems [coaching process [development plans Individual development plans performance improvement plan
  • 8. rewards strategy * compensation [defined policy and position on market attracting & retaining [established pay structure [salary increase policy based on performance / potential / market [clear link between performance and rewards [bonus system connected to objectives and competencies *performance & recognition [clear link between values and recognition [recognition programs for learning support [idea management process and rewards *benefits, work/life balance & development and career opportunities
  • 9. talent review [focus future [potential assessments [link with learning and development developing &retaining [well developed process [involvement of all stake holders [decisions that affect future [creation of individual talent profile [succession plans
  • 10. high brand visibility higher quality of Faster integration candidates pool process of new student pool for future comers development of Decreased time for companies reaching full lower recruitment and productivity selection costs positive impressions substitute for job employees as steering organization boards | recruitment ambassador road map for talent through social media Prevention of making development effective PR as decision for leaving in base for linking consequence of first 6 months performance selection process Image of company management and lower possibility of that takes care of rewards = + + hiring mistakes employees development of goal oriented culture value workshop Structured onboarding clear process, process well defined goals communication gift competencies linked to channels: social first 90 day plans values media, infostud, stude reality checks nt binding metrics programs, tools for talent assessment, well defined selection process,
  • 11. highly developed workforce link between developed performance and management that can rewards develop all people culture of high perception of company performance that invests in people clear aim of reward high retention due to strategy is to reward comparison to other most key people in companies in industry company compass for productive company in cost optimization due development success terms of clear to following clearly identification of key communication and defined market people in company collaboration strategy applying retention reinforcement of strategy + + + = learning investments link with rewards and performance developed strategy clear strategy clear process, recognition process decisions that affects developed internal and awards future core trainings and promise about work trainers life balance management development process initial investments in learning , talent management