Chapter 1 - The Context Of Talent Management

Question 1

Forces transforming business and management

Answer 1

1) the rise of the digital marketplace
2) growing importance of knowledge in business / knowledge is king
3) rapidly multiplying importance of services / service is key
4) multiple technology revolutions / ict- info and comms
5) the revolution in decision sciences / machine Learning and AI
6) the revolution in manufacturing and supply chain management
7) the maturing of outsourcing / outsourcing revolution

Question 2

Current Global Trends in Talent Management

Answer 2

Trend 1) talent development and pipelines establishment (talent sourcing)

Trend 2) increased demand for higher knowledge and skilled talents (talent quality)

Trend 3) increased demand for digitally skilled workforce (tech skilled)

Trend 4) diversity and equal employment opportunity (equal for specially abled)

Question 3

Current Global Trends in Talent Management

Answer 3

Trend 5) focus on raising the talent/workforce ratio in organizations

Trend 6) talent analytics (analytics led talent management)

Trend 7) restructuring HR functions and department

Trend 8) increased outsourcing of HR sub functions

Question 4

TMI Concept of Talent Management

Answer 4

Talent management as a hyper function and responsibility owned up by the board and CEO.

Cross departmental responsibility and accountability: line managers becoming talent owners

Question 5

TMI Concept of Talent Management

Answer 5

Hyper function loop: 4 clusters

1) baseline rationale analysis: organization’s competitiveness profile, strategic plans and goals, build talent required inventory replete (job profiles and competence profiles)

2) analyzing organizational talent landscape:
study the need for leadership, analyze current workforce and talent sufficiency, assess measure and confirm gaps

3) talent supply management:
Establish talent sourcing policies, strategies and plans, planing talent pipelines, developing frontline talents, leaders and managers, budget and hiring

4) talent performance management:
Career Management policy, talent performance measures and metrics, performance control policies