Making Talent Management more strategic by focusing on Potential #MyNutShare

One of my earliest posts ‘What is Talent’ (check out the article here) seems to form great, ongoing interest. In this context I’d like to invite you  to also check my post ‘Poor Performance – Beyond Lacking Ability and Motivation’ as this post describes why Talent itself is not enough (check it out here). I decided to go even a bit more into detail with this post on how to make Talent Management more strategic. Enjoy.

To break down the terms of the question I’d like to give you a couple of definitions before starting on the strategic aspect. First things first.

Silzer et al. have defined Talent Management as ‘an integrated set of processes, programs, and cultural norms in an organization designed and implemented to attract, develop, deplay and retain talent to achieve strategic objectives and meet future business needs’. So, it’s basically to figure out whom do you need when and in which positions to hit your business objectives and stay competitive.

Silzer et al. defined that Potential implies ‘that an individual has qualities to effectively perform and contribute in broader or different roles in the organization at some point in the future’.

Companies define ‘Potential’ pretty different. Some companies would define Potential whether an individual can cover and perform in different not yet known roles or strategic positions. Some others might define it as whether he / she has the potential to stay with the company in case his / her position becomes obsolete and the ability to secure yourself another job by being adaptable and capable. Some others might define Potential totally detached from role profiles but look rather on the breadth of a person’s profile i.e. how much would he/she be able to cover (Generalists tend to be more flexible than Specialists). Some others might look on geographical areas or track records … As you can see the term ‘Potential’ is pretty tough to break down.

But there are some more general dimensions on how we can categorise Potential. We can look at personality and the person’s ability and willingness to learn and self-develop. We can also look on the person’s skill sets i.e. his / her leadership or cognitive skills.

These dimensions can be used within our Talent Management processes by clustering these dimensions into the following categories (Silzer & Church, 2009):

Foundational dimensions

Foundational dimensions focus on the cognitive and personality variables, which are consistent and stable. This means that they are unlikely to develop or change.  Cognitive variables or styles would be things like cognitive ability, strategic and conceptual thought processes, ability to handle complex situations. Personality does mean mainly the Big 5 personality traits and whether a person might be likely to derail by having high maladaptive tendencies.

Growth dimensions

The growth dimensions cover the ability to learn and the motivation to do so. The growth dimensions facilitate or hinder whether an individual is likely to grow and develop in different other areas. Learning is hereby put together as things like adaptability, openness to new topics and feedback, openness to learning processes. Motivation is whether an individual has the ambition and the drive to actually take action.

Career dimensions

Career dimensions measure early indicators of later career skills, i.e professional competencies. These might be things like performance (typical and maximum performance), knowledge (already established competencies and skills), leadership skills and managerial behaviour (does the person show natural leadership style, has the ability to influence others etc.). Another important indicator are values, i.e. are the person’s values in line with the company’s values and norms.

With this process of breaking down the different parts of Potential and categorising those into the different dimensions you get a nice structure to manage your talent on a bit more strategic level. Feedback is absolutely appreciated. So, please let me how, how you are managing your talents and making your process more strategic.

MyNutShare - Dimensions of Potential developed from Silzer & Church, 2009
MyNutShare – Dimensions of Potential developed from Silzer & Church, 2009

Silzer, R. & Church, A.H. (2009). “The pearls and perils of identifying potential.” Industrial and Organizational Psychology 2, 377-412.

What is Multipotentiality? #mynutshare

‘Why do you want to be when you are grown up?’ Some of us might have always known ONE answer to this question. Some of us might have become what they have always been wanted. Some of us might have no clue because there are way too many amazing, interesting options worthwhile trying. Right? Today’s blog is about exact these people who refuse to choose, Multipotentials. Mutlipotentiality is a synonym for high ability individuals. Multipotentials are also known as Scanners, Generalists or multi-passionate individuals. What does this mean in detail? It describes people who don’t just have ‘one true calling’ but rather getting excited by various things from totally different kind of natures. In general Multipotentials are very curious, they love to learn until they have a very good understanding of the topic and then like to move on. Their goal is not to become an expert and spent their life finding the true meaning of this one thing or finding out EVERYTHING about this one thing. No, they rather move on to something totally different.

Multipotentials are people who may love Accounting, Baking, Dancing AND Gardening. I am not saying OR because it’s NOT an OR it’s an AND. They have various diverse passions they follow and might have the tendency to become bored easily. There is absolutely nothing wrong with that. In fact, in earlier days, in the Renaissance, Multipotentials were seen as the ‘ideal’. However, in todays world where everywhere specialists are seems to be needed, where everyone tries to find his or niche and become THAT expert, that matter expert who can charge the most … it’s a quite difficult time for Multipotentials who refuse to follow just one path. In fact, it’s pretty difficult for Multipotentials to follow one path because they just can’t decide which one to follow. Remember, the ‘one true calling’ kind of thing is missing. What are you doing when you have different callings – in different directions? Don’t you could just easily get lost along the way?

I believe whether you have one  true calling or you are multi passionate – there is nothing wrong. Except, its perfect the way it is. As long as you allow yourself to be happy and follow your paths. I further believe that we do need both types of people, specialists AND generalists, in our world to look at things from different angles, become cutting edge and stay innovative. Especially for companies,diverse teams seems to be incredible important to stay in the game and not becoming obsolete and outdated over time.

And in fact, there are some very famous examples of Multipotentials who have changed the world and left their impressive footpaths. For example Aristotle, Leonardo Da Vinci, and Benjamin Franklin. I guess, all of us know them and there are no further words needed.

To all Multipotentials out there – you are not alone 🙂 Barbara Sher has published an amazing book on Multipotentiality, which is called ‘Refuse to Choose’ or in German ‘Du musst dich nicht entscheiden, wenn du tausend Träume hast’.

As considering myself a Multipotential I found this book pretty helpful on my ‘Oh, look, there is nothing wrong with me … there are some others just like me’ kind of journey. Another definite recommendation is the page ‘PUTTYLIKE – A home for Multipotentials’ by the amazing Emilie.

For everyone who now starts thinking about whether or not he or she might be a Multipotential (I really hope you do) and for everyone who is a specialist, I absolutely recommend you to watch Emilie’s Ted Talk on Multipotentials. Why? Because I simply believe it’s absolutely on point and a must watch – whether you consider yourself a Multipotential or not. I am sure you will know at least one of us (when you read this, you know me ;-)) and it’s just a brilliant, quick watch that helps us to change the world.

Let me know what you think

MyNutShare – VLOGS nun auch auf deutsch :)

Hallo ihr Lieben,

ich habe mich entschieden meine Videos von nun an auch auf deutsch hochzuladen. Hier sind meine Recruiting Tipps für euch 🙂

Hier noch die englischen Versionen:

http://mynutshare.com/2016/01/03/my-8-golden-rules-for-successful-recruiting-vlog/

http://mynutshare.com/2015/11/08/8-golden-rules-for-successful-recruiting/

My 8 Golden Rules for Successful Recruiting VLOG

Hi everybody,

a while ago I published a blog post about ‘The 8 Golden Rules for Successful Recruiting’ (you can check it out here).

Here is an additional VLOG for you. Don’t forget I’m still new, so its far away from perfect – just managing expectations 😉

Please feel free to leave me your feedback and tips in the comments below. Thanks, talk soon.

My Nut Share goes YouTube

Hi everybody,

I’m a bit excited as I filmed today my first ever Vlog! The format is weird and I didn’t know how to cut it properly … well, to cut it at all .. but here it is. And remember the  saying ‘If you are not totally embarrassed by the first version of your product, you launched too late”. So this been said. Now, enjoy, have fun and let me know what you think. And of course I would appreciate if you would follow mynutshare on YouTube (and of course on Twitter, Instagram, Facebook …  😉 )

 

 

My Nut Share – The WHY’s

Hello everybody,

My Nut Share, my business blog, has kicked-off last month and some readers found I put pretty much effort into ‘just a blog’ with having also a presence on Twitter, Instagram, Facebook, Google+ and of course the webpage itself. So I thought it might be the time to express my WHY. Why am I blogging? Why this name? And why do I want to blog about these three main topics.

  1. Why do I blog?

Obviously there are many good reasons why people or businesses do start a blog. My main reasons are that I do like blogging and I think it’s an awesome way to share what drives my mind. And especially to share it with people who are interested in it, hopefully. This blog is not going to give answers to all questions I might ask but it helps me to organise my thoughts. To create a proper blog post I am kind of forced to do some research, to learn about things, to extract the keys and to share my thoughts around them. I hope over the time to be able to build a network to exchange ideas and help to close the gap between research literature and practitioners point of views.

To summarise it: My Nut Share shall help to connect the world in a fun and enjoyable way and motivate others to not stay shut up but embrace your own thoughts.

  1. Why did I pick the name ‘My Nut Share’?

I absolutely do love squirrels and it’s my nickname. And squirrels do love nuts – to share something that is important to you makes a nut share.

  1. Why do I want to blog about these topics?

Talent

People are simply the most important asset organisation has!

Entrepreneurship

I am fascinated with entrepreneurial thinking and I do believe that intrapreneurship is still not getting enough attention by now. So I want to give a shout out to all (corporate) entrepreneurs out there.

Culture

I do believe that “Being global is not an option. It’s an imperative” (Cabrera, Unruh, 2012) – but many of us are not yet global enough. I am crazy enough to believe we can change the world or at least open up our mindsets and get rid of a couple of boxes.

Maybe My Nut Share can help to provide curious minds with a bit more cross-cultural confidence – myself included.

My Nut Share is somehow my learning process. A journey I got myself on and I am happy to share my findings with you. I am keen to see who might walk a bit with me on this journey.

Happy Blogging!

In case you want to check out My Nut Share on the other platforms, here are the links:

My Nut Share on Facebook

My Nut Share on Instagram

My Nut Share on Twitter

Personnel Selection and Performance

When talking about ‘getting the right people into the right place’ its mostly linked to the goal ‘to get job done’. So what does this exactly mean?  People differ in their ‘talents’ – their knowledge, skills, abilities and others differences. Therefore in order to reach this ‘getting it done’ goal personnel selection should define the relationships between the needed ‘talents’ and the performance outcomes they should ideally lead to.

Viswesvaran and Ones (2000) defined job performance as “scalable actions, behaviour and outcomes that employees engage in or bring about that are linked with and contribute to organisational goals”. Performance could either be related to specific tasks and goals or be a factor that influences goal achievement maybe indirect (Borman & Motowidlo, 1993).

So, to make the right decision in a selection context companies should define:

  1. What are the company’s goals? And are they transparent communicated to the HR departments?
  2. What ‘talents’ are needed? Was there a proper job analysis conducted to find out?
  3. How are these ‘talents’ gonna be found, attracted and got on board?
  4. What would be a good way to identify if it’s the right ‘talent’ before being hired?

Are those elementary first steps not done this could lead to high costs of poor selection.

Furthermore shouldn’t we think one step ahead and instead of just considering what ‘talent’ is needed in this actual moment? Shouldn’t we focus on the future? Wouldn’t it be useful to define what ‘talents’ or qualities will be needed to perform effectively in more than just one future role? Shouldn’t we focus on ‘potential’ rather than ‘talent’? Shouldn’t we consider a look at what performance a candidate is maximal capable of? Or should we focus on the typically shown performance? And which environment would be needed to support maximal performance?

I am keen to get to know your thoughts about ‘Personnel Selection and Performance’.

Stephanie

Develop Strengths from your Talents

While doing the research for my last post ‘What is Talent’ I came along this quote:

“Most people think they know what they are good at. They are usually wrong … And yet, a person can perform only from strength.” (Peter Drucker, 1909-2005).

This quote made me pretty curious, as I believe that most people aren’t aware of their strengths. Most people probably know what their weaknesses are but not really where they are good. I found a book called ‘Strengths Finder 2.0’ by Tom Rath (Webpage Strenghts Finder), which supports my hypothesis that most people rather than playing to their strengths try to improve their weaknesses. This coping mechanism can be very time-consuming and intense. Strengths Finder shall help people to get to know their talents and develop strengths out of this awareness. To focus on things you like and enjoy doing rather than to work even harder on the aspects you simple don’t like and aren’t good at seems like a nice and simplified alternative to me.

The book claims an easy structure where Talent multiplied with Investment leads to Strength.

Talent is hereby defined as ‘the natural way of thinking, feeling or behaving’.

Investment is defined as ‘time spent practicing, developing your skills, and building your knowledge base’

Strengths is ‘the ability to consistently provide near-perfect performance’

Many companies wondering how to engage their employees but how many of these companies really DO a talent or strengths assessment and place their employees into positions where they actually fit in? Especially in sales roles this might simplify everybody’s job so much! Not every top seller is by definition a good leader. So why are still companies promoting people into manager positions who did a great sales job?

  1. These people will probably no longer bring the return they did when they were in an operating sales role
  2. These people ‘waste’ their time by trying to show their employees how to do it right – but have probably not even received a training and maybe absolutely no talent in leading and inspiring people

I don’t want to say that weaknesses are not important or should be ignored – the opposite is the truth. I believe it is truly important to know what are you good at and what not. For entrepreneurs apply the principle to know your strengths as well as your weaknesses to successfully buy-in people who accomplish your weaknesses with their strengths.

By the way I used the Strengths Finder 2.0 myself and it’s a really nice way to get to know yourself a little bit better and the derived action plan for developing your talents into strengths is a good toolkit.

Stephanie

What is Talent?

Well, here we go. My first blog post! Whoop whoop.

Probably since McKinsey consultants introduced  the term ‘The War for Talent’ in 1997 most people understood that ‘Talent’ is considered to be something awesome. Especially companies and HR within them are keen to find the best talents on the market and to win them. Fair enough! But what exactly is talent? Which talent do you need?

Fact is, there is until now, year 2015 – 18 years later – NO universal established definition of talent. Wikipedia for example states ‘Talent means the skill that someone has quite naturally to do something that is hard’.  Innovation Excellence defines talent as something we cannot acquire and ‘we cannot learn to be talented’.  Business Dictionary gives two definitions for talent. ‘1. A natural ability to excel at a duty or an action’ and ‘2. A group of people, such as employees, who have a particular aptitude for certain tasks’. OK so this means in those context we assume that talent is something we cannot develop but which is naturally given.

So, this would mean talent is given and as a HR person you would need to find that person with the talent that you need for your special task to be fulfilled. Sounds pretty challenging. And would the talented person even know that he or she is talented? Would a natural talent always beat hard work?

I’m not too sure with all these definitions. Shouldn’t we more think about

  1. Is the talent a ‘raw’ talent or has the person already taken any action to build on his or her talent to grow and strengthen it?
  2. What if a naturally talented person is lazy? Would a less talented person but with a high strive to perform be a better alternative?
  3. Are we really searching for talent or are we searching for potential?

Whatever talent might be I guess we should take into account that our world is changing constantly and we should be forearmed for future challenges. And without any doubt is our workforce the most important asset and value of each company.

I hope this may be some good food for thought. I am keen to hear your view!

Stephanie