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4 Building Blocks of an Effective Talent Management System

Guest post by: Ben Nash

Article Overview: If you reduce all the hype about talent management systems down to the bare essentials, there are only four building blocks that matter: 1. Knowing the competencies that get results 2. Managing performance well 3. Evaluating employee potential accurately 4. Recruiting the best talent Sounds simple, but getting it right is as much an art as it is a science.

4 Building Blocks of an Effective Talent Management System

If you reduce all the hype about talent management systems down to the bare essentials, there are only four building blocks that matter:

1. Knowing the competencies that get results
2. Managing performance well
3. Evaluating employee potential accurately
4. Recruiting the best talent

Sounds simple, but getting it right is as much an art as it is a science.

Competencies play out differently in different organizations. For example, communication skills look different in a US subsidiary of a Japanese corporation than in a US owned business.

Performance management systems also vary tremendously depending on the corporate culture—from the results driven approach of aggressive corporate cultures such as General Electric, to the more laid back approach found in Trader Joe’s.

Employee potential is also evaluated differently in different organizational cultures. Some companies measure employee potential using the FTF (face that fits) method, while others prefers a more dispassionate assessment approach.

Recruiting methodologies also vary widely. At one end of the spectrum behavioral interview and pre-hire testing approaches are used, while at the other end “gut feel” hiring managers rule the day.

Getting the Talent Management cocktail mix just right can be a combination of skill and that magic touch that a great bar tender puts into special dry martinis.

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Article Tags: assessment approach, bar tender, bare essentials, behavioral interview, cocktail mix, companies measure, competencies, corporate culture, corporate cultures, dry martinis, hiring managers, japanese corporation, li li, magic touch, mdash, organizational cultures, performance management systems, rsquo, talent management, trader joe



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