Talent Management - Is The Investment Worth It?
exactly is "Talent Management" anyway? That is a good question.
Millions are spent every year finding good people, yet, sometimes when
we find it, we do not always keep it. Talent Management is a process
designed to improve the performance of talent and keep it, once you have
all seem simple enough, right? Wrong, it is much more complex than you
might suspect. First, everyone knows how expensive it is, just to find
the talent, much less grow it and keep it. According to a recent study
by Deloitte, every percentage point increase in the turnover rate within
the Big Four Accounting Firms costs from $400 - $500 million dollars
talent management is complicated today by the retiring of the Baby
Boomers and the emergence of the "Gen Ys." It seems that the Gen Ys are
competent enough but they are not as willing to "pay their dues" as the
Boomers were. As a result, organizations are scrambling to adjust
everything from compensation to career development.
the cumulative knowledge is said to be doubling every 2 days. That
means that the value of a college education declines rapidly, if
measured by what you need to know to be current in your field. A 50 year
old, with a degree in electrical engineering, who did not engage in
updating their knowledge on a regular basis, might as well have a
the development of new leaders with new and current skills directed
toward a new generation and a new agenda. Understanding the behaviors
& motivators of your employees & co-workers and adapting to the
as a result of a world of accelerating change, tremendous skill gaps
develop quickly and widen rapidly. The delivery of new tools in a
package designed for a new generation with updated instruction manuals
will be a challenging task if we are to keep up.
your organization invest in Talent Management? Only if you want it to
be around 5years from now. Just a few short years ago the Hackett Group,
studied many of the top performing organizations in the world and found
that those companies that excelled in talent management posted earnings
15 percent higher than those who managed talent poorly. Today, with the
cost of finding talent escalating, it is even more important to have a
structured talent management process in place. Organizations are
beginning to see the ROI in talent management as a legitimate strategy
for more than survival. t
By Stephen J. Blakesley, Managing Patner, GMS Talent LP. Copyright protected
Great Leaders Are Personally Productive
best leaders are always seeking ways to be personally productive. They
constantly reach toward higher goals and take on meaningful challenges.
Great leaders become an example to their staff by always moving forward.
leaders are constantly reassessing their own performance. They analyze
their productivity and find ways to boost it. Leaders also look to
outside resources to gain knowledge and skills. They take classes,
attend seminars, engage in online workshops and read about their field.
be an effective leader, you must be efficient in your own work. If you
are disorganized, late, and harried, your team members notice. They feel
it is acceptable to be behind in their own responsibilities. Strive to
meet deadlines and always do your best.
means money and needs to be used effectively. Once you lose time, you
cannot get it back. Prepare an agenda or checklist and stick to it. If
something inevitable comes up, rearrange your schedule to accommodate
the change. Be proactive about using time wisely and make staff
accountable for their time, too.
a system of time management. Some managers use their computer,
Smartphone or PDA. Others maintain a book or personal schedule. Set up a
system that works for you. It should be accessible, simple to use and
easy to understand. Also, establish a time management system for your
employees to gauge their productivity.
of the dynamic nature of management, sometimes you need to shift
priorities. Handle the situation with grace. Avoid stress by
reevaluating your time and adjusting your schedule immediately. The
sooner you handle an unexpected situation, the more likely you are to
get back on track.
of the major mistakes made by many managers is taking on excessive
external demands. Never spread yourself too thin. Enlist assistance when
necessary. Know how to prioritize and what you can let go.
the most of staff members and administrators. Maximize their
capabilities and put them to work. When everyone works together and
focuses on the big picture, more is accomplished in less time.
bonus tip to modern management is to designate a certain time to read
and answer work email. If you constantly check your email, it becomes an
ongoing distraction during the day. Stay focused on one task at a time
and you will get them all done according to schedule. t
~ Written for us by our associate Gary Sorrell, Sorrell Associates, LLC. Copyright protected worldwide. All rights reserved
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Tips For Conducting Better Training Meetings
As a team leader conducting a productive training is challenging. Your training meeting must be informative, relevant, open for participation, fun, and motivating.
Here are some suggestions for making your meetings more effective:
Treat all of your team members as knowledgeable.Appreciate their experiences and their opinions.
Do not lecture. How
boring! Make the meeting a participatory experience for everyone. Ask
questions and allow them to participate in the discussion.
Don't just read what's in the training manual. Team
members can read it themselves. Your job is to expand on the subject
and provide clarity of the information as well as to explain how it
applies in your company.
Be prepared for the training meeting. You
should know ten times more about the subject than your participants.
Give yourself plenty of time to research and validate the information.t
Copyright, © Sorrell Associates. All rights reserved worldwide
do you become better tomorrow? By improving yourself, the world is made
better. Be not afraid of growing too slowly. Be afraid of standing
still. Forget your mistakes, but remember what they taught you. So how
do you become better tomorrow? By becoming better today."
̴ Benjamin Franklin