kgk

1. kgk … WELCOME A conscious deliberate approach undertaken to attract, develop, and retain people with the aptitude and abilities to meet current and future organisational goal. TALENT MANAGMENT

2. kgk • Low productivity • Dissatisfaction • Low morale • -Absenteeism • Result: Employee is shown the door. TALENT MANAGMENT TALENT MANAGMENT … INTRODUCTION Alternative????

3. kgk TALENT MANAGMENT TALENT MANAGMENT TALENT MANAGEMENT … INTRODUCTION

4. kgk TALENT MANAGMENT TALENT MANAGMENT • “Seven out of twenty CEOs spend more than half of their time on talent management”. • EIU/DDI • Economist Intelligence Unit/ • Development Dimensions International … NEW DIMENSION

5. kgk TALENT MANAGMENT TALENT MANAGMENT • “The key ingredient for survival in today’s corporate world lies inTalent Management”. • Mr. A. Aravamudhan • Executive Vice-President-HR • TVS Lucas … NEW MANTRA

6. kgk -Talent Management implies recognizing a person’s inherent skills, traits, personality and offering him/her a matching job. TALENT MANAGMENT TALENT MANAGMENT … MEANING - Getting the right people with the right skills into the right jobs.

7. kgk TALENT MANAGMENT TALENT MANAGMENT People Vs. Systems/Processes Best practice Vs. Best fit … MEANING

8. kgk -It is not about developing employees or creating succession plans. Nor it is about achieving specific benchmarks, having the most educated workforce or any other tactical outcome. TALENT MANAGMENT TALENT MANAGMENT - Its goal is the much more general but important task of helping the organisation achieve its overall objectives. In the corporate world, that objective is to make money. … GOAL

9. kgk • Competition • Reduced margins • Advance products turning into commodities • Creative appeal beyond functionality • Investors and shareholders TALENT MANAGMENT TALENT MANAGMENT … WHY?

10. kgk Assure our success in fulfilling our Mission FULFILLMISSION ACHIEVE OPERATIONALEXCELLENCE • Help us achieve operational excellence • Recruit, retain and develop the right talent DEVELOP RETAIN RECRUIT Liberating the Potential of People … HELPS IN

11. kgk • -Increased productivity and capacity • -Linkage between individual efforts & business goals • Commitment of valued employees • Better fit between people’s jobs and skills TALENT MANAGMENT TALENT MANAGMENT … BENEFITS FOR ORGANISATION

12. kgk • -Higher motivation & commitment • -Career development • Increased knowledge • Contribution towards company goals • Job satisfaction TALENT MANAGMENT TALENT MANAGMENT … BENEFITS FOR EMPLOYEES

13. kgk How To Manage Talent? TALENT MANAGMENT TALENT MANAGMENT Recognizing talent Attracting talent • Selecting talent Retaining talent … MANAGING TALENT Managing succession Change organisation culture

14. kgk • -Corporate identity • -Recruitment and selection • Performance management and coaching • Employee development and training • Compensation, rewards and benefits • Success planning and leadership development • Compliance, policy and procedures TALENT MANAGMENT TALENT MANAGMENT … MANAGING TALENT

15. kgk TALENT MANAGMENT TALENT MANAGMENT -Recruiting talent -Developing talent -Motivating talent -Talent Retention … PATHOLOGY

16. kgk TALENT MANAGMENT TALENT MANAGMENT A wrong fit will result in further hiring, re-training and other wasteful activities. … RECRUITING TALENT

17. kgk Real world examples: TCS ILP : Initial Learning Program CLP : Continuous Learning Program LDP : Leadership Development Program FLI : Foreign Language Initiative Workplace learning TALENT MANAGMENT TALENT MANAGMENT … DEVELOPING TALENT

18. kgk • Recognition & rewards • Acknowledgment • Cash incentives • Gifts • Certificate of appreciation • Opportunities to attend workshops/training/events • Membership to exclusive clubs • Holiday packages • Scholarships for children TALENT MANAGMENT TALENT MANAGMENT … MOTIVATING TALENT

19. kgk Real world examples: Wipro : - Encore Individual Level- Feather in my cap (On the spot recognition) Organisation Level – Master mind (Most innovation solution) TALENT MANAGMENT TALENT MANAGMENT … MOTIVATING TALENT

20. kgk TALENT MANAGMENT TALENT MANAGMENT “90% of Indian companies have talent retention problems”. - AIMA … TALENT RETENTION

21. kgk TALENT MANAGMENT TALENT MANAGMENT • “Fight to end the flight of talent professional”. • Mr. AK Balyan • Executive Director-HR • ONGC Ltd. … TALENT RETENTION

22. kgk • Pay • Benefits • Learning and growth • - Work culture/environment TALENT MANAGMENT TALENT MANAGMENT … TALENT RETENTION

23. kgk Pay: Variable pay Real world examples Wipro : 30 to 50 per cent Infosys : 10 to 30 per cent 2001 : 85 per cent organisations 2005 : 89 per cent organisations TALENT MANAGMENT TALENT MANAGMENT … TALENT RETENTION

24. kgk Benefits: Free medical Transport facility Company accommodation Life insuarance Saving and investment plans Employee stock options plan (ESOP) Paid holidays TALENT MANAGMENT TALENT MANAGMENT … TALENT RETENTION

25. kgk Benefits: Real world examples: Infosys: Insurance: 13000 employees-Rs. 10 Lacs-LIC First Indian firm – ESOP Transport : Bus service – Bangalore city to Infosys office TALENT MANAGMENT TALENT MANAGMENT … TALENT RETENTION

26. kgk Benefits: Real world examples: TCS: Housing loans Personal computer Automobiles Medical insuarance for employee and family Air fare for spouse and two children TALENT MANAGMENT TALENT MANAGMENT … TALENT RETENTION

27. kgk Learning and Growth: Real world examples: TCS: 4 per cent of revenue spent in learning and growth TALENT MANAGMENT TALENT MANAGMENT … TALENT RETENTION

28. kgk Work Culture: Organisation culture Communication system Participation Recognition Rewards TALENT MANAGMENT TALENT MANAGMENT … TALENT RETENTION

29. kgk Work Culture: Real world examples: TCS: Open house session program One to one session Queries and discussions are formally recorded and followed up TALENT MANAGMENT TALENT MANAGMENT … TALENT RETENTION

30. kgk TALENT MANAGMENT TALENT MANAGMENT • ONGC Ltd. • GAIL (India) Ltd. • - Reliance … WAR FOR TALENT

31. kgk • Leadership • Fairness • Comprehensiveness • Strategy TALENT MANAGMENT TALENT MANAGMENT Talent Management Needs