Probably one of the biggest things to get our head around at Fistful of Talent is the whole definition thing. After all, talent management has all the underpinnings for inclusion in buzzword bingo. With that in mind, what the h#*l does it actually mean?
For me, the definition of talent management is pretty simple at a top level. It starts with Talent Acquisition (that’s why you see all the recruiter and actively recruiting HR types on our team – a nice hyper bunch…), then should include all progressive practices designed to help you get the most out of your people investment once you have the talent signed as a part of your organization.
The fuzziest part of the definition thing? For me, it’s determining what non-recruiting activities are a part of the Talent Management function once employees show up for work. With the obvious omission of onboarding, I think this chart from Taleo is the most effective I have seen in capturing the space. You’ve got performance management, career development, succession planning and more captured on the performance management side of the house. Other TM components, like career pathing, are a natural part of these bigger blocks…
I found this chart on the Taleo blog, and it’s another reason I like Taleo (I’m a Business Edition user of the recruiting product).
Recruiting and Performance Management linked to form (at least in my eyes) Talent Management. What a concept!!
Kris Dunn is a Partner and CHRO at Kinetix, a national RPO firm for growth companies headquartered in Atlanta. He’s also the founder Fistful of Talent (founded in 2008) and The HR Capitalist (2007) – and has written over 70 feature columns at Workforce Management magazine. Prior to his investment at Kinetix, Kris served in HR leadership roles at DAXKO, Charter and Cingular. In his spare time, KD hits the road as a speaker and gives the world what it needs – pop culture references linked to Human Capital street smarts.