March2013
6StepstoaTalent
Management Program
ByPeopleWorksStaff
Copyright © 2013
Intoday’seconomy,thelinebetweenasuccessful,growing,andprofitable
company and a stagnant, struggling one is often very thin, and in recent years,
theimportantroleoftalentmanagementasadecidingfactorinwhichsideofthat
line an organization resides has become apparent. A2010
PriceWaterhouseCoopersurveyaskednearly2000CEOsabouttheneedto
rethink their approach to talent management in three areas.
Staffmoraleandemployee
engagementprogrammes
Traininganddevelopment
programmes
Managingpeoplethrough
change(e.g.rede iningrolesin
organizations)
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Q:Regardingyourpeoplestrategy,towhatextentwillyouchangeyourapproachestothefollowingareas,asa
consequenceofthe economiccrisis?
Base:Allrespondents(1,198)
Source:PriceWaterhouseCoopers13thAnnualGlobalCEOSurvey2010
Theresultsareclear. Only50%ofthepolledCEOsunderstandtheimpacttalent
managementhasontheirabilitytoprosperinthecurrenteconomicconditions
(change to a large extent, change significantly). Attracting and keeping the
highestperformersisnotsomethingthathappensonitsown. Institutionalizing
aneffective,customizedtalentmanagementsystemisacollaborativeeffortthat
aligns our clients’ organizational beliefs,values, and strategic direction with a
specific talent management program unique to their organization. PeopleWorks
International has developed a 6-step methodology for creating partnerships that
result in the development of a truly customized talent management program that
supportsourclients’effortstoovercomecurrentchallenges,remainfluid,and
realizelandmarkgoalsforthefuture.
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Step1:Measure
MeasurementisthefirststepinPeopleWorksmethodology. Measurementis
essential to the establishment of a partnership between our clients and us.
PeopleWorksdoesnotclaimtohaveabetterunderstandingofourclients’needs
anddirectionthantheydo. Soinorderforustofullysupportthemandhelp
instituteatrulyeffective,customizedtalentmanagementsystem,webelieveitis
imperativeforustogetaneducationontheirspecificwants,needs,goals,and
objectivesaswellasensuretheyarefullyawareofthegapsandpossibleblind
spots. Through a myriad of measurement tools, psychological assessments and
practices, PeopleWorks gathers data that is analyzed and becomes the foundation
ofacollaborativeplantochangeourclients’organizationsandinstituteareal,
sustainable,effectivetalentmanagementsystem.
Step2:Analyze
Analysisofthedatathatresultsfromtheassessments,surveys,andcollection
effortsallowsourclientstoplaceprioritiesonaddressingneedsandgaps. This
analysis focuses our efforts on the most critical and problematic issues first, and
provides a road map for the implementation of the program in its entirety. The
resultsconfirmsomethingsourclientsalreadyknowabouttheirorganization,
andhelpdrawtheirattentiontoother,hiddenissueseffectingtheir
organizations’ ability to meet or exceed the goals it has set out for itself. This
analysis further familiarizes PeopleWorks with our clients’ people, needs, and
goals/objectives.
Step3:Collaborate
Incooperationwithourclients,weformulateaspecific,executableplanto
institute a talent management program that meets the needs of their
organizations. Thisplanincludesbudget,timelines,personnel,andacomplete,
prioritizedprogramdevelopmentplaninallareasofidentifiedneedwithinthe
talentmanagementspectrum(TalentStrategyPlanning,Sourcing
Recruiting, Career Development, Leadership Development, Succession Planning,
Performance Management, Compensation & Rewards, IT & Software Selection).
Step4:Execute
This step involves putting the plan into action, measuring the progress, making
thenecessaryadjustments,andholdingourselvesaccountableformaintaining
the schedule and obtaining the desired results.
Step5:Selection
Thedigitalrepresentationofanorganization’stalentmanagementprogramisan
integralpartoftheprocess,andrequiresclosepartnershipbetweensystem
manufacturer/provider, PeopleWorks, and of course the organization itself.
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A separatebudget,timelineandimplementationplanisdevelopedforselectionandlaunch of the IT related talent management system.
Step6:Turnover
Thefinalstepensuresthatourclientsarecompletelyequippedtocontinuously
evaluateandmonitortheirtalentmanagementprogram. Itmakessurethetalent
managementprogramcankeeppacewithourclients’evolvingbusinessneeds
andobjectives,andtheyhavetheabilitytomakethechangesnecessarytokeep
theprogramcurrentandeffective. Thisstepcreatesaseamlesstransitionof
knowledge transfer and responsibilities while phasing out PeopleWorks’ regular
involvement.
Engagement Options:
1. AcompleteTurnkeyoptioninwhichPeopleWorksdiligentlyworksalongside
anorganizationthroughallsixstepsofthemethodologyforthedurationofthe
project.
2. This option involves an assessment of the project plan and deliverables for
whatclientswouldliketohandleontheirownversusPeopleWorks’levelof
involvement.
3. An option that involves PeopleWorks partnering with an organization through
thecollaborationphaseonly(developmentofatalentdevelopmentstrategyand
projectplan).
Referencesavailableonrequest
Formoreinformationpleasecontactusat:
214.230.1983
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