For firms that do business outside their home countries, managing talent takes place on a global scale. Its objective is to configure global talent to respond to the dynamic and unpredictable business conditions that organizations experience today. In this video, Wayne Cascio first explains why global talent management is particularly challenging. Then, he shows you the three things you must do well in order to meet the global talent challenge.
- One of the greatest challenges…facing multinational enterprises…is building strong talent pipelines.…In a recent survey of CEOs from around the world,…more than 75% of them identified…the lack of necessary skills and capabilities…as a primary threat to the growth prospects…of their organizations.…For firms that do business outside their home countries,…it's important to manage talent on a global scale.…In this video, I'll show you the three things…you must do well…in order to meet the global talent challenge.…
Let's begin by defining global talent management or GTM…in general terms as the attraction, selection, development…and retention of the highest-performing employees…in the most pivotal roles.…Several factors make GTM particularly challenging.…Global work unfolds in different cultures and languages…often at great distances and in different timezones.…Variations in political and economic systems…add even more complexity.…
At a general level,…GTM requires that you do three things well.…Identify pivotal positions…
Wayne reviews what SWP is and how it delivers value to companies large and small. He steps through how to build a talent inventory, forecast the internal and external supply of labor, and approach succession planning. Plus, he explains how to tackle global talent management effectively.
- What is strategic workforce planning (SWP)?
- How does SWP deliver value?
- Building a talent inventory
- Forecasting the internal and external workforce supply
- Succession planning
- Evaluating the usefulness of SWP systems
- Who owns talent development?