“Talent Management? Isn’t That for Hollywood?”

“Talent management? Isn’t that for Hollywood?” asks Josh Bersin, speaking at the HR Tech conference, held recently in Las Vegas. Bersin, a highly respected consultant who is Principal and Founder of Bersin by Deloitte, Deloitte Consulting, offered his research and tips for succeeding with the new talent agenda.

Most of HR is designed for long-term employment, he says, but the recession, coupled with the ages of employees, leads to a much more mobile workforce, and that’s a really critical issue for 2015.

Bersin’s research shows the following top talent priorities:

Top Global Talent Priorities:

Priority	Percent of respondents rating “Urgent” or “Important”
Leadership Gaps	89%
Retention & Engagement	78%
Reskilling HR	78%
Talent Acquisition & Access	75%
Workforce Capabilities	75%
Talent & HR Analytics	74%
Globalized HR & Talent Management	71%
Integrated HR Technology	70%
Reinvent L&D	69%
Fix Performance Management	67%
The Overwhelmed Employee	62%
Diversity & Inclusion	60%

We used to look at these priorities as separate silos, says Bersin:

•     Learning and Development
•     Sourcing and Recruiting
•     Performance Management
•     Leadership Development
•     Succession Planning
•     Workforce Planning
•     Compensation and Benefits

Is your organization prepared to attract and screen the best candidates? Start today with the free webcast download, Creating Talent Pools to Fill Your Pipeline. Learn More

We realized that an integrated approach was needed, says Bersin, but the old idea of integrated talent management didn’t work, for four main reasons:

Slow response to changing business needs

•         Inability to identify current and future talent gaps
•         Hiring strategy and development planning not in sync
•         No clear picture of future “talent profile”
•         Leadership pipelines in jeopardy

Disconnected decision making

•         Data and processes not integrated
•         Talent not shared across business units
•         Learning plans not linked to assessments and skills gaps in current talent pool
•         Lack of visibility into talent gaps

Not responsive to employee demands

•         Career development wanted
•         Defined career paths and competencies not clear and consistent
•         Talent mobility difficult during change
•         Managers still the weakest link in organizational performance

 Administratively intensive

•         Repetitive data entry
•         High volume of manual work to complete HR review processes
•         Difficult to obtain executive-level talent information
•         Hard to plan for the future

Today, everything touches everything.  We need a holistic view, says Bersin, who offers this chart to help HR managers envision this new approach. If you have the right people, and you master the central point—driving engagement and retention—your problems go away, he says.

Top Practices in Talent Acquisition

Talent acquisition is the most important challenge of all, says Bersin. He offers the following 12 practices that will lead to success in talent acquisition:

• Hiring Manager Relationships
• Candidate Pool Development
• Social Media Campaign
• Recruiter Training
• Governance & Decision Making
• Employee Referral Program
• TA Program Management
• Optimized TA Technology
• Diverse Candidate Slates
• Employment Branding
• Assessment Against Requirements
• Reporting & Analytics

Talent Acquisition Maturity Model

Bersin’s model posits four levels of talent acquisition maturity, with Level 4 being the most advanced.

Level	Description	% at that level
Level   4	Optimized Talent Acquisition Strategic enabler of the business. Successful social media campaign. Recruiter training builds strategic capabilities. Ability to predict external forces and remain agile.	13 %
Level 3	Integrated Talent Acquisition Strong employment brand. Active pipeline of candidates. Robust TA programs (e.g., diversity, alumni, employee referral). Investment in new talent acquisition products and services.	23%
Level 2	Standardized Operational Recruiting Effective assessment of candidates against job requirements. Begin to establish strong relationships with hiring managers. Some link to workforce planning. Standard interview documents.	29%
Level 1	Reactive Tactical Recruiting Recruiters are “order takers;” posting of positions on an as-needed basis. Minimal hiring compliance standards met; no real processes defined. No strategic focus on candidate experience.	35%

What Difference Does It Make?

Bersin’s research found that Level 4 organizations are 2.6 times more likely to perform higher than organizations at Level 1 across all talent acquisition performance drivers.

The top three drivers of talent acquisition maturity are:

• Building strong relationships with hiring managers. You have to coach your line managers and give them tools.
• Cultivating pools of potential candidates long before hire. “Bring them into your ecosphere,” Bersin says, as Zappos is famously doing now.
• Driving the employment brand.

Source: HR Daily Adviser