Integrated Talent Management: What Is It and Why Should You Want It? According to Bersin by Deloitte, it is three or more connected organizational processes designed to attract, manage, develop, motivate and retain key people. These processes include activities such as performance management, career management, succession management, leadership development, learning and capability development, total rewards and talent acquisition. These processes are integrated through a common interface, data platform, workflow, and cross-process reporting and analytics.The benefits of integrated talent management are compelling, so why don’t all companies have it? In the final analysis, most companies are struggling to develop a practical, simple, and systematic approach to designing their integrated function and determining a path to get there.
Consider this analogy. Assume that 300 engineers are tasked with designing a suspension bridge. In order to accomplish this, the group is split into three teams of 100 engineers: Team 1 is responsible for designing the towers; Team 2 is responsible for designing the cabling; and Team 3, the roadway. If this bridge were designed the way HR functions are designed, the head of the project would send all three of these teams to different locations, and simply say, “go.”
Once the team starts, Team 1 designs the towers, Team 2 designs the cabling, and Team 3 designs the roadway. But when all three pieces are put together, the bridge falls over. No one has taken the time to determine how the pieces fit together before beginning the design. The tower team doesn’t know what the cabling team expects of them in supporting the cables. The cabling team doesn’t know what the roadway team expects of them in supporting the road. And the roadway team doesn’t know how to design the road to fit into the towers.
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Read more from the original article here: http://www.ere.net/2012/05/15/integrated-talent-management-what-is-it-and-why-should-you-want-it/
Check out other related blogs:
- Integrated Talent Management - Part 2 of 3
- Integrated Talent Management - Part 1 of 3
- Workplace Talent Management