Managing Your Existing Talent

As we are moving into the next phase of Growth one of the key challenges I foresee is the art and science of managing Talent. This key tenet is like leveraging your existing customer apart from adding new ones (attracting talent)

Sometimes I get the feel that Organizations are these days engrossed in adding and attracting new talent and fail to take cognizance of the fact that we are bleeding profusely in retaining or even managing the existing Talent

Talent Management to me has to be an Integral or rather a Integrated part of Business. Managing Talent would mean you also need to have a empowered team to Manage the internal talent - identify Right People for Right Job (Internal staffing), Groom people for next level of challenges, Identify gaps and build bridges (training programs), Succession Planning, etc (it goes endlessly).

A simple mechanism that i feel would help this key focus area is that we plan based on the business pipeline and prioritize our staffing. A simple example is that you put the upcoming opportunities based on Time lines and level of assurance that the business would happen.

L1 - Business which is definite and hitting us in less than 3 months time
L2 - Business mostly like to come in 3 to 6 months time
L3 - Business which are in sight and might materialize in 6 months+

For any Talent Management Framework to succeed it has to be

- Integrated with the Business
- Effective Resource Forecasting
- Have a Team of Talent Managers empowered to make decisive decisions

Now that we have some kind of start I would like my fellow professionals also to share your views and thoughts :)