Harish V. Ruparel
Powerica Ltd – Mumbai
V P. Corporate HR + Org. systems
Title: Talent ship is a strategic process to create positive impact on business outcomes.
Summary: HR must come out from stubborn traditionalism of routine HR & implement decision science of Talent ship to contribute towards improving business results with respect to bottom line & sustainable effectiveness.
The normal HR function talks about recruitment &staffing, training development, compensation & benefit & legal & industrial relation.
HR must have KRA of talent management.
- Talent is a vital resource as money, technology and customer
- Finance and Marketing have evolved to “Decision Science”
- “Talent is the resource the resource that includes the potential and realized capacities of individuals and groups and how they are organized, including those within the organization, and those who might join the organization “
- “Talent ship is the decision science that enhance strategic success by improving decision that impact or affect talent, where they matter most and wherever they are made.”
One must understand difference between accounts & finance & sales marketing.
The process of talent ship includes
- Talent/Talent group spotting & identification.
- Revenue & profit affecting group.
- Individual fine performer.
- Talent recruitment.
- Competency mapping
- Interview design
- Talent retention
- Performance management
- Reward system
- Currier planning
- Short & long term planning
- Potential competence parameter
5 .Succession planning
- Key positions
- Top management concent.
Talent ship, being decision science, must have following elements
Three important Anchor points are
Provide effective service-HR
Improve organization decision- Talent ship.
Conclusion: the HR chief can have a position just next to CEO by contributing
Strategically & improve business results.