Chapter 10: Talent Management Flashcards
Thunissen et al & Collings and Mellahi explanations for the popularity of TM
- ageing population
- globalization - war of talents
- international mobility
- knowledge-based activities are more popular
- getting a seat at the high management table for HR
- management consultants describe it as powerful market domain
subject approach
talent as people
object approach
talent as characteristics of people
inclusive approach
all employees
exclusive approach
a specific group of employees ; pool of talent
hard approaches
subject approach + exclusive approach
soft approaches
objective approach + inclusive approach
Boudreau and Ramstad
A players
pivotal talents representing a broad range of high potentials
Archetypes of TM
- high potential competition - represents the hard approach
- HRM - soft approach
- Talent differentiation - everybody is a talent but in specific talent areas or domains
- talent specialization - clear distinction of talents and non-talents, focus is on KSA and function
Davies and Davies def of TM
Talent management is the systematic attraction,
identification, development, engagement/retention and deployment of those individuals with high
potential who are of particular value of an organization
Collings and Mellahi def of TM
Activities and processes that involve the systematic
identification of key positions which differentially contribute to the organization’s sustainable
competitive advantage, the development of a talent pool of high potential and high performing
incumbents to fill these roles, and the development of a differentiated human resource architecture
to facilitate filling these positions with competent incumbents and to ensure their continued
commitment to the organization.
important elements in Collings and Mellahi def
- key positions
- sustainable comp adv
- talent pool
- HR architecture
the building blocks for TM thinking
human capital theory and RBV
Lepak and Snell 4 employee groups
- knowledgable - who possess core knowledge and are essential for an org in terms of their uniqueness and strategic value
- Alliance partners - unique knowledge but not necessarily internalized
- job-based employees - posses knowledge but not unique; easily replaceable
- Contract workers - outsourced activities, cleaning etc
MNCs TM
mostly hard apporach