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Effective Talent Management for Retention

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Effective Talent Management for Retention

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    1. Effective Talent Management for Retention Richard Wade 2nd May 2007

    2. Effective Talent Management for Retention

    3. Effective Talent Management for Retention Background Getting Started - Establishing Talent Management Getting Better - Evolving Talent Management Where next? � Maximising Success and Minimising Risk Key Learnings

    4. Background � Who are we?

    5. Background � Who are we?

    6. Establishing Talent Management

    7. The Challenges Focus on divisional talent

    8. 6 Monthly Organisational Reviews

    9. Simple Documents Pen Portraits the foundation for process Short description of individual Simple ratings for performance, potential and retention

    10. Presenting the data Gives overview of bench strength and pipeline Provides consistent format Allows discussion of individuals and themes

    11. Succession Plans Simple forms Short, medium and long-term view Cross- referenced with talent information

    12. Evolving Talent Management

    13. Executive Ownership 2002 � Group HR produce pen portraits, get a foot in the door 2004 � Executives produce pen portraits, Group HR support reviews 2006 � Performance and Talent aligned - Group HR invited to support reviews, restructures, recruitment 2007 � ACTIONABLE succession plans a business KPI for every HBOS executive

    14. HBOS Talent

    15. The Leadership Commitment

    16. Maximising Success and Minimising Risk

    17. The Leadership Matrix

    18. Planning Career Moves

    19. Planning Career Moves

    20. Effective Talent Management for Retention

    21. Our key learnings

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