So – it’s the latest in a long list of Recruitment Phraseology. Another TLA to add to our BS Bingo sheet…Or is it?
We have seen enough fads come and go. We have witnessed the Year of The Client.. and more recently the resurgence of the candidate.. and what this has led us to conclude – is that we STILL haven’t got the process right…..yet!
You see – in the world of employment – no one side should hold all the cards. The relationship between staff and corporation needs to be a mutually beneficial arrangement.
If one side is King – then the process is broken.
And this is where Total Talent Management comes in.
So What exactly is TTM?
The people you employ are your biggest asset. Your Talent.
What they do is critical to achieving organisational goals. It’s your biggest route to competitive advantage.
So – manage this… Invest in this…Make this your top priority.
Attract the most talented people…Keep them….Develop them
But of course it isn’t. We can all quote Enron as a glaring example
When we look at TTM – it needs to be truly holistic. At Enron – the staff were in possession of all the cards. Rewarding the Talent had become the overriding premise of the corporation. It had forgotten itself. It placed the needs of its staff ahead of the needs of customers and shareholders. It had stopped being a business. Talent will out… but not necessarily to the bottom line.
Enron took the brightest and best MBA’s that Harvard had to offer. On paper – these truly were the holy grail of the Talent war… but when the needs of the one outstrip the needs of the business there is a significant disconnect.
Total Talent Management is more than just hiring and retention. Its more than just staff.
We believe in stars – but we also believe in systems. A truly well managed company will have both. In order for a corporation to be successful it must coordinate the efforts and needs of many different people towards a business goal.
And this is TTM – a strategy designed to maximise the interdependence of company and employee to achieve a common objective. A shared agenda. Where individual brilliance and teams are aligned to the business strategy.
And when all this works – retaining and developing those talented individuals you hired in the first place becomes a whole lot easier!