Talent Management

Question 1

Talent Management is…

Answer 1

managing the “gaps” between

• availability and
• requirements

on 3 levels:

• qualitative
• quantitative
• allocative

Question 2

4 Principles to apply to talent mgmt

Answer 2

1. Make and buy to manage risk
2. Adapt to uncertainty in talent demand
3. Improve ROI in developing employees
4. Preserve the investment by balancing Employer-Employee interests

Question 3

Make and buy to manage risk

Answer 3

undershoot estimates of hiring talent

-> outsource if needed

Question 4

Adapt to uncertainty in talent demand

Answer 4

break up development programs into shorter units,

e. g. shorter general management course, specialize after as needed
or: create organization-wide talent pool

Question 5

Improve ROI in developing employees

Answer 5

sharing costs with employees on trainings,
employees do voluntary trainings,
sign contracts for a certain time period
invest in former employees

Question 6

Balance employer-employee interests

Answer 6

flexibility on both sides when it comes to choosing new career opportunities