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Inspiring Leaders Workshop Series 2017 - Talent Management & Succession Pla...

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AIPC HQ

82 Park Parade

Shorncliffe, QLD 4017

Australia

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Talent Management & Succession Planning

(This workshop is part of the Inspiring Leaders Series 2017)

There is agreement that talent management is the systematic approach that the organisation takes to developing its employees. However there are different ways to define talent and understand how it originates. For some, talent is innate – one is born with a unique set of abilities in a defined field (like a musical genius); alternatively others view talent as being developed over a period of time with the right guidance and support (like a sports athlete). How an organisation defines its talent determines the strategies that are put in place to develop that talent. The most common way that organisations manage their talent is a mixture of both: they classify the top 10-20% of employees as talented, based on some pre-defined criteria, and then provide developmental activities to enhance the skills of the remaining employees. Why do organisations concentrate on the top 10-20%? Simple - to refresh the talent pool available for succession planning and, in addition, to retain the most talented employees in the organisation so that they don’t take their skills to the opposition. It just makes sense to support your brightest and most talented employees so that you can ensure there are replacements for the top team when some of the executives retire or resign.

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AIPC HQ

82 Park Parade

Shorncliffe, QLD 4017

Australia

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