TALENT MANAGEMENT Murugappa Group

Overview

Background

Introduction

What is talent management

2015 Talent Management Framework

Evolution of HR function

What?

Talent Management

Definitely, not all the people resources or employees of an organization!

Some definitions of Talent

• Talents are naturally recurring patterns of thought, feeling, or behavior that can be productively applied

• Talent is any natural gift leveraged to potential

Talent Management

• Hiring• Engaging• Retaining• Inspiring• Growing

Hiring

• Recruitment or Hiring is typically at two levels: Entry level or Fresher Hiring and Lateral level or Hiring of Experienced resources. Infusion of employees especially at senior levels should be carefully done and be guided by a structured process, such as a competency based approach to hiring

“ Engagement is at risk.

It’s not about ‘feeling good’…

it’s about having the tools, colleagues,

time, capacity to fully

commit to work.

- Towers Watson 2012 Global Workforce Study

“

Engaging

Employee’s often think:•What am I supposed to do?•How am I doing?•Will the rewards be based on my contribution?•Will you guide and coach me so that I can grow?•Can you help me to perform better?

•  

The current state of sustainable engagement of the global workforce

Source: Towers Watson 2012 Global Workforce Study — Global.

How do you overcome this?

2015 Talent Management Framework

KnowingFocusing

InspiringCaring

Retaining

2015 Talent Management Framework

Rewards and Recognition

Feeling connected

Differentiate to attract and retain

2015 Talent Management Framework

Use the employee value proposition to drive the right behaviors and performance.

Differentiate for key employee groups.

Inspiring:

2015 Talent Management Framework

Conversations that are informal, personal and growth oriented can go a long way

Growing

2015 Talent Management Framework

Organization Growth

Talents’ Attitude to take up the opportunities

structured individual development plan

Reviewing and Mentoring

To Conclude

2015 Talent Management Framework

70 + 20 + 10

Developmental experiences

developmental relationship

classroom inputs

In Summary

2015 Talent Management Framework