S ELECTION M ETHODOLOGY. What is a Talent Architect? Answer: Someone who attracts, develops, and retains talent.

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Presentation transcript:

S ELECTION M ETHODOLOGY

What is a Talent Architect? Answer: Someone who attracts, develops, and retains talent

Talent Architect: The Three Buckets TALENT ACQUISITION TALENT MANAGEMENT TALENT RETENTION Supporting buckets

Talent Acquisition Talent acquisition includes Selection methodology Assessment (statistical validation of external and internal tools) Behavioral based interviewing On-boarding Diversity program

Talent Acquisition Process Job Profile Choose Interview Team Resume Screen Interest Screen Selection Assessments Behavioral Based Interviews Data Integration Decision Making Process Reference Check Job Offer On-Boarding

Talent Management Talent management includes Performance management Leadership and training development Succession planning Talent assessment/planning Executive coaching Employee development program

Performance Management Strategy Goal Setting (OGTM) Total Rewards Strategy Quarterly Plan and Reviews Performance Reviews (Mid & End of Year) Development Planning Performance Management Strategy

Talent Planning Objectives Align beliefs around talent (talent philosophy) Agree on talent rankings by function (talent assessment) Classify jobs into categories (position identification) Set ratings goals for job categories (position evaluation) Identify training and development needs across the organization (organizational training matrix) Determine rewards and recognition philosophy (talent retention philosophy)

Position Identification A Position STRATEGIC B Position OPERATIONAL C Position STAPLE DEFINING CHARACTERISTICS Has a direct strategic impact AND Exhibits high performance variability among those in the position, representing upside potential Has an indirect strategic impact by supporting strategic positions and minimizes downside risk by providing a foundation for strategic efforts OR Has a potential strategic impact, but exhibits little performance variability among those in the position May be required for the firm to function but has little strategic impact Scope of AuthorityAutonomous decision makingSpecific processes or procedures typically must be followed Little discretion in work Primary determinant of compensation PerformanceJob levelMarket price Effect on value creationCreates value by substantially enhancing revenue opportunities are greater loss to the firm Supports value-creating positionsHas little positive economic impact Consequences of mistakes May be very costly, but missed revenue opportunities are greater loss to the firm May be very costly and can destroy value Not necessarily costly Consequences of hiring wrong person Significant expense in terms of lost training investment and revenue opportunities Fairly easily remedied through hiring of replacement Easily remedied through hiring of replacement

Talent Planning Objectives Performance: an assessment of how an individual is doing in their current position. This typically includes the assessment of the individual’s technical capability in their given field Potential: an assessment of an individuals ability to move to higher levels of leadership. Should have a solid foundation of leadership skills on which to build Should have potential to take on new roles/responsibilities Not necessarily one specific job, but any number of roles within the company Assess against leadership characteristics

Talent Planning Objectives A Jobs - Strategic B Jobs - Operational C Jobs - Staple Performance Results LowHigh Potential Assessment Bryan Keith Susan Bill Niki Mike Tony NOTE: It’s important to differentiate between high performance and high potential – but to consider both

Talent Retention Talent retention includes Compensation strategy Values/rewards and recognition program Organizational survey Culture

Total Rewards Strategy Total awards strategy aligns our pay for performance strategy to each of our compensation tools Salary structure Semi-annual promotion program Semi-annual pay adjustment program Annual merit program Annual performance bonus

Success Metrics We analyze the following talent architect success metrics Performance (mid and end of year) Performance to leadership competencies Employee potential Productivity Job satisfaction Attrition (voluntary and involuntary) Development planning Training success metrics/evaluations Program evaluation(s)