Talent Management

Question 1

Talent management: 4 approaches

Answer 1

1. People approach
2. Practices approach
3. Position approach
4. Strategic pools approach

Question 2

People approach: name 3 attributes

Answer 2

• Focus on people (A, B, C performers)
• Hard to find & difficult to replace
• Add dispropootionate value

Question 3

People approach: 3 critisisms

Answer 3

• Focus on individual performance vs. teamwork
• Elitist (elitaire) attititude
• Self-fullfilling prophecy

Question 4

Practices approach

Answer 4

Focus on key acticities, components, or practices
E.G.:
- identification and attrection of external and internal talent
- Managing talent flows
- Development of employees

Question 5

Position approach

Answer 5

• Possitions within a company are classified
• characteristics of A-positions:
• strategic
• Decision making
• Disproportionate value
• Mistakes can have substantial implications

Question 6

Strategic-pools approach

Answer 6

• Segmentation of the workforce
• Anticipating special needs of the company
• strategic workforce planing

Question 7

Name which parts of the following text are part of the different approaches

„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 resources architecture to facilitate filling these positions with competent incumbents, and to ensure their continued commitment to the organization.“

Answer 7

identification of key positions = position approach

development talent pool = strategic pool approach

high-potential, high-performance = people approach

human resources architecture = practices approach