Is steam coming off one of the talent reviews' few tangible outcomes?
The purpose of talent reviews, according to consulting company DDI is to:
- Assess leaders and the health of the talent pipeline
- Take inventory of individual talent and agree succession
- Align individuals with opportunities for growth or development
- Identify high potentials for accelerated development
The first two could be summarised as calibration: the process through which data and opinions about individuals and positions are discussed and objectivity and common standards are sought and recorded. The second two could be summarised as investment: agreeing, monitoring and evaluating the deployment of development resources. If calibration ensures process quality and alignment with strategy, investment is what gives talent reviews teeth.
And these are bad times for investment: Back in 2009, 42% of companies in Asia Pacific, 39% in the Americas, and 31% of European companies were decreasing their expatriate staff according to ORC. 59% of all companies said they were strongly challenging the need for each assignment. On training, the UK saw a 52% cut in skill training spend in 2010, with more cuts expected in 2011.
Meeting effectiveness - long a subject of mockery - has developed in the past years a fetish reliance on action generation: Effectivemeetings.com suggests not to finish any discussion without deciding how to act on it. As organisations walk into talent reviews with emptier pockets, many will struggle to budget a development action for every discussion held.
The immediate solution could be to focus on development actions that don't carry a spend, e.g. assignment to a project or provision of management coaching and mentoring (a solution some suggest and celebrate). However these also have their challenges: associates are already working longer hours, and managers are not only similarly challenged for time, but also in need for costly training if they are to deliver coaching effectively. Better thinking is needed for the talent reviews to keep passing the "so what?" test.
Associates as well need to see development is not just additional workload or before-ready promotions. As Cranfield School of Management Dr Parry says, investment-cutting organisations are "in danger of losing good staff to organisations that will invest in them."
High-flyers on a budget
The purpose of talent reviews, according to consulting company DDI is to:
- Assess leaders and the health of the talent pipeline
- Take inventory of individual talent and agree succession
- Align individuals with opportunities for growth or development
- Identify high potentials for accelerated development
The first two could be summarised as calibration: the process through which data and opinions about individuals and positions are discussed and objectivity and common standards are sought and recorded. The second two could be summarised as investment: agreeing, monitoring and evaluating the deployment of development resources. If calibration ensures process quality and alignment with strategy, investment is what gives talent reviews teeth.
And these are bad times for investment: Back in 2009, 42% of companies in Asia Pacific, 39% in the Americas, and 31% of European companies were decreasing their expatriate staff according to ORC. 59% of all companies said they were strongly challenging the need for each assignment. On training, the UK saw a 52% cut in skill training spend in 2010, with more cuts expected in 2011.
Meeting effectiveness - long a subject of mockery - has developed in the past years a fetish reliance on action generation: Effectivemeetings.com suggests not to finish any discussion without deciding how to act on it. As organisations walk into talent reviews with emptier pockets, many will struggle to budget a development action for every discussion held.
Time for some good ol' coaching
Associates as well need to see development is not just additional workload or before-ready promotions. As Cranfield School of Management Dr Parry says, investment-cutting organisations are "in danger of losing good staff to organisations that will invest in them."
8 comments:
Thanks designed for sharing such a pleasant
thought, paragraph is good, thats why i have read it fully
Here is my weblog; cheap louboutin
Have you ever thought about adding a little bit more than just your articles?
I mean, what you say is important and everything. Nevertheless imagine if you added some great images or videos to give your posts more, "pop"!
Your content is excellent but with images and video clips, this site could undeniably be
one of the most beneficial in its niche. Fantastic blog!
Here is my web blog ... cheap nike free run
What's up it's me, I am also visiting this website on a regular basis, this web page is genuinely fastidious and the viewers are genuinely sharing pleasant thoughts.
Review my web site ... ray ban outlet
Thank you for some other informative blog. Where else may just
I get that kind of information written in such a perfect manner?
I've a mission that I'm simply now running on, and I have been at the glance out for such info.
Feel free to surf to my site ... cheap nike free run 2
With havin so much content and articles do you ever run into any problems of plagorism or copyright violation?
My site has a lot of exclusive content I've either written myself or outsourced but it looks like a lot of it is popping it up all over the web without my authorization. Do you know any ways to help stop content from being ripped off? I'd genuinely appreciate it.
Also visit my webpage; frankrijk
Definitely consider that that you stated. Your favourite justification appeared
to be on the web the easiest thing to remember of. I say to you, I certainly get irked whilst people consider worries that they just do not recognise about.
You controlled to hit the nail upon the top and outlined out the whole thing with no need side-effects ,
people could take a signal. Will likely be back to get more.
Thank you
Also visit my website - frances bavier early photos
Wonderful blog! Do you have any hints for aspiring
writers? I'm hoping to start my own website soon but I'm a little lost
on everything. Would you propose starting with a free platform like Wordpress or go for a
paid option? There are so many choices out there that I'm totally overwhelmed .. Any ideas? Thanks a lot!
my site :: luxe vakantie
Howdy! This post could not be written any better!
Reading through this post reminds me of my old room mate!
He always kept chatting about this. I will forward this write-up to him.
Fairly certain he will have a good read. Many thanks for sharing!
My web page vakantiehuisje frankrijk
Post a Comment