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Published byΦωτεινή Βουρδουμπάς Modified over 6 years ago
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Strengthening talent pools is beyond HR processes
Talent management Strengthening talent pools is beyond HR processes
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What is talent? Talent means the skill that someone has quite naturally to do something that is hard. Someone who has talent is able to do something without trying hard. (Wikipedia) Talent is only Talent if you can use it. (unknown)
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What is talent? Richard Branson Founder of the Virgin Group
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What is talent? Professional competences
Ability to acquire new knowledge Converting theory into practice Experience Education Personal competences Personality Talent Change resilience Ability to aquire new knowledge Hard facts versus soft skills In our business world we only trust in things we can measure.
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„The best way to predict the future is to invent it“ Alan Kay „Imagination is more important than knowledge“ Albert Einstein
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Matching talent with business needs
? Matching talent with business needs Self awareness (Do you have the right strength to achieve the vision) Define needs (What is the value proposition to the customers) Define gaps (what strength do you miss in the team) Create the road map (across all functions) Change Management process Do it (Leading example)
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Developing talent
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The ”War” for talents Shortage of talents in the paint industry!
Even bigger shortfalls to come in coming years! Our competitors are looking to hire talent too….. How do we differentiate ourselves as an attractive company? How do we develop and retain our talent? The importance of leadership: (AND NOT HR) To get a Talent is one thing. To keep it develop it and finally to utilize the talent for the business another. How to attract? How to develop? How to excite? How to retain talented employees?
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Traits by Generations Matures Baby Boomers Gen X Gen Y
>70+ yrs old (Born before 1945) Baby Boomers 50 – 69 yrs old (1945 – 1964) Gen X 34 – 50 yrs old (1964 – 1980) Gen Y ≤ 34 yrs old (1980 and after) Core Values: Duty, Honour, Country Dedication & Sacrifice Hard work Conformity, Blending Unity Delayed reward Patience Focus on job well done Loyal to organisations Core Values: Workaholic Competitive Success is largely visible Optimism Defined by their jobs Work ethic = Worth ethic Personal gratification Team orientation Loyal to organisations Core Values: Question authority End of lifelong employment Individualistic “Prove it to me” Independent, Self Reliance Informality, Fun Question need to sacrifice Pragmatism Loyal to people/boss Core Values: Optimism Individualistic Group oriented, Sociable Busy Focus on simulating stuff Confidence Ambitious yet appear aimless Loyal to people/boss TIME Work ethic is defined by the punch clock Visibility is the key “What does it matter when I work as long as I get the job done” “It’s 5 o’ clock! I have another life to get to” Source: Marston Communication (Houston)
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The ”War” for talent, generation Y
Business Social Busy for the big picture (XSBU) Focus on simulating stuff Confidence Ambitious yet appear aimless Loyal to people/boss Group oriented Sociable Love different cultures Truly globalized Private Optimism Individualistic International exposure How does the “war for talent” differ in high-growth-markets? Our competitors are not AKZO, PPG, FEIDAL, etc. - our competitors are Apple, Google, Yahoo etc. Different challenges, different solutions? There is no other solution than sexy up our image as paint industry. What is attractive to the new Generation Y? Generation y is a big melting pot. They want it all, exitment, fun, challange, friendship, private life, passion, chearity and they do not ask Why they as Why NOT? the “globalisation” part; that trend is for businesses to adapt to be working more and more across physical and functional borders AND that Generation Y is very much attracted to being internationally exposed; to different cultures, environments and people.
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The ”War” for talent, generation Y
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X HR processes and tools Pipeline model
Most positions does no longer exist when talents arrive 50% of all Talents will no be anymore in the company Pipeline or carreer is blocked because company sourced from outside Creating mini me’s does not bring any inovation X
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HR processes and tools SS Independence (1000 passenger luxury liner)
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HR processes and tools Portfolio management Needs assessment Sourcing
Diversification Rebalancing Needs assessment: Focusing on the needs of the future (Vision) and not on the knows of the past. Sourcing: Finding the right one and not the best one from the leadership silo. Diversification: go for variety of futures instead of ONE career path. Rebalancing: Check performance and needs of your leadership
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Who’s responsible? Managers are experts on the business and therefore the needs HR are the experts on human resources JOINT Force (Leadership+HR+...+…) Passion Networking – not just in business Continuos change management
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“The future has many names: For the weak, it means the unattainable
“The future has many names: For the weak, it means the unattainable. For the fearful, it means the unknown. For the courageous, it means opportunity.” Victor Hugo
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