Sunday, June 26, 2011
Creating Talent Champions...
I had a very interesting conversation this past week with a Senior Vice President of Talent at a Fortune 500 company. The intent of the conversation was to get a good understanding of how their organization developed talent and integrated it into the overall strategy of the organization. We focused on leadership development specifically during our conversation, but it was obvious that this organization's culture had the concept of talent and development embedded in its DNA.
As I reflected on that conversation this weekend, it became apparent that this organization didn't get to this point overnight. It is unlikely that it started with Talent Champions, but over time has created them and ingrained it into their culture.
The key for organizations in this new talent war is to create Talent Champions. In this new war for talent it is not just a Human Resources (HR)/Human Capital Management (HCM) or a line responsibility. It is a shared responsibility
Why is this important? Corporate Leadership Council research titled "Creating Talent Champions" explains...
"While few business leaders are Talent Champions, most business leaders have the skills necessary to become Talent Champions. HR’s role is not to develop a new set of skills in business leaders but instead to help business leaders apply their existing business skills to talent management. When accomplished, HR can improve business unit revenue by as much as 14%."
Additionally, CLC indicates that the HR/HCM-Line partnership accounts for 68% of talent management program effectiveness.
It is not about creating talent management programs for the sake of having talent management programs. They need to be connected to business strategy and positioned where line managers can leverage the programs to successfully meet their business needs. In many organizations, the partnership piece is missing. To get to that partnership requires healthy HR/HCM engagement. Leading and educating line managers that also helps build a climate and culture that creates talent that flourishes.
Our organization's success depends on it.
J. Keith Dunbar is a Global Talent Management Leader...Creator of Talent, Leadership Capability, and Culture Change...He can be found connecting and sharing knowledge on Twitter and LinkedIn.
LinkedIn: J. Keith Dunbar
Blog: DNA of Human Capital
The opinions or views expressed here are mine alone and do not represent the views of the Department of Defense or the Defense Intelligence Agency.