Talent Management for the Twenty-First Century

16 Dec 2011 00:30 | JHRS (Administrator)
Every talent management process in use today was developed half a century ago. It's time for a new model!

In order for the human resources function to earn that proverbial "seat at the table," the HR partners in an organization must learn to adopt the language that the C-suite and key stakeholders best understand.

By borrowing lessons from operations and supply chain research, firms can forge a new model of talent management better suited to today's realities. Forecasting talent demand is not dissimilar from forecasting product demand.  Here are four principles adapted from supply chain management, addressing issues on both estimating demand and the uncertainty of the supply side:
  • Make and Buy to Manage Risk.
  • Adapt to the Uncertainty in Talent Demand
  • Improve the Return on Investment in Developing Employees
  • Preserve the Investment by Balancing Employer-Employee Interests

Download this report from The JHRS Knowledgebase under the "Talent & Workforce Management" sub-folder. (Requires Professional Level access.) 

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