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Talent management strategy

This is a resampling of the Show Me The Money deck which was done by Slide Comet!

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Talent management strategy

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  1. How to Invest in your team for Growth. do you really only invest in the best? Re-sampled by Slide Comet For more follow: http://slideshare.net/selenasol

  2. $ how much do you invest in each individual on your team?

  3. there are two types of assets time money

  4. Money includes: compensation, promotion, benefits, etc

  5. Time includes: coaching, mentorship, training, etc

  6. of course, as with everything in business, investment assets arealways finite.

  7. Example: if you have 10 members on your team, $100,000 in comp, and 30 hours per week to support them, how will you invest?

  8. how much of your total time and money assets do you invest in your top talent?

  9. what about your weaker members?

  10. what about Everyone Else?

  11. What is Fair?

  12. what gets you and the firm the highest return on those investments?

  13. rest stars remember, it is a fixed pie that you have to work with. so you need to make hard choices

  14. first off, let’s divide your workforce into categories.

  15. A Typical Organization Stars Potentials Work Horses Under Achievers

  16. and, since people fall roughly into standard deviations...

  17. it’s a good bet that your team will distribute roughly as follows*... 1 3 5 1 Stars Potentials Work Horses Under Achievers *assuming a team of 10

  18. And their output/contribution will look something like this 1 3 5 1 40% 30% 20% 10% Stars Potentials Work Horses Under Achievers

  19. so how much do you spend on everyone? 1/40% 3 / 30% 5 / 20% 1 / 10% 50% 30% 20% 0% Stars Potentials Work Horses Under Achievers * nothing on your underachievers (ouch)

  20. so how much time do you spend on everyone? 1/40% 3 / 30% 5 / 20% 1 / 10% 10% 50% 20% 20% Stars Potentials Work Horses Under Achievers

  21. so here is the logic..

  22. Stars Time Money Comp your Stars extremely well, and then get out of the way so that they can achieve. They just needs goals and air cover

  23. Potentials Time Money Comp your Potentials above average, but invest a much greater relative percentage of your time to give them all the support they need to become stars. This group has the highest return on time.

  24. Work Horses Time Money Comp your Work Horses fairly and spend some time helping them understand and achieve their goals. But let them know that while it is OK to "just get the job done," if they stretch themselves towards the Potential category, you'll respond with greater investments.

  25. Under Achievers Time Money Do not comp your under achievers. Instead, spend a disproporationate amount of time to help them retrain and/or move out of the function where they are under performing and into another function where they can become a star.

  26. did you like the slide design? This deck was re-sampled by Slide Comet http://www.slideshare.net/slidecomet Pimp your own deck by contacting the team!

  27. SHARE THIS DECK & FOLLOW ME stay up to date with my future slideshare posts SlideShare:http://www.slideshare.net/selenasol/ Twitter: @eric_tachibana Linkedin:https://www.linkedin.com/profile/view?id=69039

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