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

1. People approach: 3 critisisms

Answer 3

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

Question 4

2. 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

3. 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

4. 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 approachdevelopment talent pool = strategic pool approachhigh-potential, high-performance = people approachhuman resources architecture = practices approach