Relation between HRM & TM

Jay Jamrog commented:

 "Understanding what the most important
components of talent management are can
go a long way toward helping organizations
integrate the concept into their cultures and
other human capital processes. Clearly, it's a
lot easier to manage something well if you
know what you're trying to manage."
PRIMARY COMPONENTS FOR
INTEGRATED TM INITIATIVE

 leadership development
 career planning
 development of high-potential
employees
 performance management
TM initiative Contd....

 Succession planning
 Learning and training
 Competency management
 Retention
 Professional development
Chinese proverb

 When winds of change blow, some people build

walls and other build windmills.
Interpretation
 In the backdrop of SWOT analysis talented
people are better catcher of opportunity
 Opportunities are often short lived, so Talented
person will never let it go.
 It require a right kind of work place to do what
one wants to do or achieve
TM current scenario

 Global abundance of talent but local scarcity

 In west more older retiring people and less
younger people in workforce
 Nurturing and developing talent is everybody's
concern in any oragniaztion
 Need for more diverse and remote or even
virtual workforce is required
HRM practices reward TM

 To value the knowledge worker

 To adequately reward Talented persons both
monetarily and with other attractive incentives
 Retaining such individuals is essential and
good for the long term development of the
organization
 Recognition is more bigger need of Talented or
Knowledge worker as compared to monetary
Case of Accenture

 Accenture is global management consulting,

technology services and outsourcing company
(Revenue US$ 19.70 billion)
 IT, system integeration, BPO, consulting etc.
 150 locations, 50 countries, HQ New York,
 Five main operating groups are;
Communication & high technology, financial
services, government, products and resources
Core values at Accenture

 Exceptional Talent
 Continuous Learning
 High-quality work
 A Collaborative approach
 Entrepreunal spirit
 Diverse workforce
Core practices

 Best people with the right skills for Accenture

clients anywhere all over the world
 ”An up or out culture” people have a choice to
flourish, grow and innovate
 Success at managing Talent
 Total team contribution is counted for success
but individuals are never underestimated
 People can move up quicker on better
performance
Talent Dimensions

 Size of Talent pool is enormous

 Entry criteria
 Decision process
 Permanency of Definition of Talent
 Recruitment as a source ofTalent
 Transparency in its functioning
Developing Talent

 Developmental Path
 Developmental Focus
 Support
 Influence on career
 Connected converastions
 Organizational values
 Risk (perception)
Structure & system to support TM

 Performance mangement
 TM Process
 Use of Technology
 System flexibility
 Ownership of Talent
 Respect and Recognition for Talented or
Knowledge worker