HR Strategies are out of step with the way work is conducted. Jobs that are structured around a 9 am to 5 pm Monday through Friday workweek is considered inconvenient and counterproductive. Training focuses narrowly on skill building not on aligning talent capabilities with strategic objectives. Career development does not reflect the needs to redefine advancement opportunities in the context of flatter, more flexible organizations. And Leadership Development is not arming organizations anymore with decisive, experience, globally minded visionaries that are sorely needed.
In transitioning from the 20th century to the 21st century, a talent model paradigm shift has evolved. Talent Models now need to be rethink to attract, engage, develop, and retain the right talent. Global Talent Innovation must be prioritized. Yet, many HR departments lack the capability and organizational clout to orchestrate the changes required. There is now a call for Chief Executive to rise above its limitations to be able to lead the change towards Global Talent Innovation.
Crafting a Global Talent Innovation Approach is as challenging and complex as any other C-suite mandate. It can be tailored to meet a wide variety of short- and long-term talent challenges and scenarios. Companies can implement a short-term tactical intervention locally while building a platform for sustained talent advantage on a global basis.
The Global Talent Innovation Model moves companies beyond cookie-cutter best practices and standard tool kits. It is a road map for business leaders striving to understand and tackle global talent challenges. Nowadays, many companies are in crisis mode and are looking for ways to address and alleviate immediate pain points when it comes to talent innovation.
The 4 Pillars of Global Talent Innovation serve as a platform upon which organizations can construct a relevant and robust Talent Model. Top management can optimize talent expenditure, enhance the productivity and performance of the workforce, and gain competitive advantages.
The Global Talent Innovation Model provides a template for building a culture that affirms and rewards critical talent. The 4 Pillars of Global Talent Innovation must be integrally linked. When undertaken the right way, the Global Talent Innovation Approach can enable companies to release their full innovative and productive potential. Companies just need to learn the approaches integral in each of the 4 Pillars to put the Global Talent Innovation Model in place.
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