Asia Link News Column

A Better Way to Manage Talent - 21-01-2008

The war for talent doesn’t stop when employees are hired; many managers in large companies find their productivity stifled because they can’t find qualified people to train & promote within their own organisations.

The culprits:

(a)     traditional hierarchical mind-sets, which treat talent as “corporate property”, &
(b)     HR departments that chart career paths solely within organisational “silos”.

Consider the merit in changing mind-sets….

PRESENT:        Employee is owned & loyalty is expected.
CHANGE:         Employee manages & directs career. Loyalty is earned.

PRESENT:        Job seekers have limited choices. Employers have a limited number of candidates    to  consider for the positions available.
CHANGE:         Open competition among a wide range of candidates for a wide range of alternative jobs

PRESENT:        An implicit contract exits between the employer & the employee..with limited terms that can be considered enforceable.
CHANGE:         Terms of employment should be explicitly defined e.g. role, duration, place of work along with trigger points for negotiation, not to mention 3rd party enforcement of terms.

PRESENT:        The security of employer/employee relationships are essentially driven by mutual trust.
CHANGE:         Engage an HR “broker” to protect confidences & interests of both employer & employee.    

PRESENT:        Employees are typically engaged following a one-time negotiation of compensation.
CHANGE:         Compensation should be governed by standard terms/protocols wherever possible.

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