Hrm Talent Management

download Hrm Talent Management

of 19

Transcript of Hrm Talent Management

  • 7/30/2019 Hrm Talent Management

    1/19

    1

    INTRODUCTION

    WHAT IS TALENT MANAGEMENT ?

    Talent Management, as the name itself suggests is managing the ability, competency and

    power of employees within an organization. The concept is not restricted to recruiting the right

    candidate at the right time but it extends to exploring the hidden and unusual qualities of your

    employees and developing and nurturing them to get the desired results. Hiring the best talent

    from the industry may be a big concern for the organizations today but retaining them and most

    importantly, transitioning them according to the culture of the organization and getting the best

    out of them is a much bigger concern.

    Talent Management in organizations is not just limited to attracting the best people from the

    industry but it is a continuous process that involves sourcing, hiring, developing, retaining and

    promoting them while meeting the organizations requirements simultaneously. For instance, if

    an organization wants the best talent of its competitor to work with it, it needs to attract that

    person and offer him something that is far beyond his imagination to come and join and then

    stick to the organization. Only hiring him does not solve the purpose but getting the things done

    from him is the main task. Therefore, it can be said that talent management is a full-fledged

    process that not only controls the entry of an employee but also his or her exit.

    We all know that its people who take the organization to the next level. To achieve success inbusiness, the most important thing is to recognize the talent that can accompany you in achievingyour goal. Attracting them to work for you and strategically fitting them at a right place in yourorganization is the next step. It is to be remembered that placing a candidate at a wrong place canmultiply your problems regardless of the qualifications, skills, abilities and competency of thatperson. How brilliant he or she may be, but placing them at a wrong place defeats your solepurpose. The process of talent management is incomplete if youre unable to fit the best talent of

    the industry at the place where he or she should be.

    Some organizations may find the whole process very unethical especially who are at the givingend (who loses their high-worth employee). But in this cut-throat competition where survival is abig question mark, the whole concept sounds fair. Every organization requires the best talent tosurvive and remain ahead in competition. Talent is the most important factor that drives anorganization and takes it to a higher level, and therefore, can not be compromised at all. It wontbe exaggerating saying talent management as a never-ending war for talent!

  • 7/30/2019 Hrm Talent Management

    2/19

    2

    TALENT CHALLENGES

    1. Attracting and retaining enough employees at all levels to meet the needs of organic and

    inorganic growth.

    2. Creating a value proposition that appeals to multiple generations. With four generations in

    today's workplace, most companies are struggling to create an employee experience that appeals

    to individuals with diverse needs, preferences and assumptions.

    3. Developing a robust leadership pipeline. One of the biggest potential threats to many

    corporations is a lack of a robust talent pool from which to select future leaders.

    4. Hiring people for global leadership. It's relatively straightforward to identify and assessexperts in specific functional or technical arenas, but much more difficult to determine whether

    those individuals have the people skills, leadership capabilities, business breadth, and global

    diversity sensibilities required for the nature of leadership today. Increasingly, the challenge of

    developing these broader skill sets falls to the corporations.

    5. Transferring key knowledge and relationships. The looming retirement of a significant portion

    of the workforce challenges all companies, but particularly those who are dependant on the

    strength of tacit knowledge.

    6. Stemming the exodus of Gen X'ers from corporate life. A big threat in many firms today is the

    exodus of mid-career talentpeople in whom the organization has invested heavily and in whom

    it has pinned it hopes for future leadership.

    7. Redesigning talent management practices to attract and retain Gen Y's. The challenge of

    calibrating talent management practices and programs to attract and engage our young entrants is

    critically important to all firms and particularly so for firms that depend on a strong flow of top

    talent.

    8. Creating a workplace that is open to Boomers in their "second careers." Age prejudice still

    exists, but smart companies are looking for ways to incorporate the talents of Boomers and even

    older workers in the workforce. In many cases, this requires rethinking roles and work

    relationships.

  • 7/30/2019 Hrm Talent Management

    3/19

    3

    9. Enlisting executives who don't appreciate the challenge. Many talent executives complain that

    business leaders still believe that people are lined up outside the door because of the power of the

    company's brand. The challenge of enlisting the support of all executives for the transition from

    a talent culture that has traditionally operated with a "buy" strategy to one that places more

    emphasis on "build" is widely shared.

    IMPORTANCE OF TALENT MANAGEMENT

    The reality for many business today is that a large majority of its key executives will probably

    retire in the next 5-10 years. While this may not have been an issues 10 or 15 years ago, pressure

    have been such that businesses have had to reorganise and resize themselves to a point where the

    talent pool that would have been ready to step up into key roles are either not ready or not there.

    To address this issue, companies need to integrate their talent and succession planning with their

    strategic business plans and view talent management as a long-term, continuous process.

    Following proposals are suggested :-

    1. Think strategically. Talent management requires a strategic perspective. What are the things

    that might impact your organisation in the future? Will it grow and acquire other businesses, or is

    the market shrinking and therefore a different leadership approach may be needed? What type

    of managers and business leaders will be needed in the future?

    2. Understand key roles. Which functions and roles in the organisation drive the majority of the

    businesss value? Think broadly, and not just about traditional leadership roles, specialist

    technical roles such as product development may be as equally important. Once this is complete

    it is a straightforward task to examine the age profiles of those currently in the key roles. How

    many of these could retire in the next 5-10 years? How many of these roles have ready now

    successors?

    3. Identify the requirements of the key roles. Effective talent management requires clarity ontechnical and behavioural requirements for the roles as well as specific experience, such as

    international or specific market experience. All key roles should have the necessary components

    and characteristics for superior performance clearly defined. These requirements can then be

    used as a basis to assess people, either internally via a promotion or externally via recruitment.

    4. Understand who your talent is. Use assessment centres to identify talent internally.

  • 7/30/2019 Hrm Talent Management

    4/19

    4

    5. Agree your succession strategy. Once the organisation knows who is likely to retire, and who

    the potential talent is, objective decisions can be made about how the key roles will be filled in

    the future. Does the business need to actively recruit and bring in new blood or can all the key

    roles be filled from within? Should the strategy be a balance of recruiting externally as well as

    promoting internally?

    6. Define career paths for internal promotions Once your succession strategy is clear,

    establishing career paths and the ability to describe the requirements for pursuing the path

    becomes easier. Creating effective career paths requires two components, knowing the

    requirements for the next level and creating clear plan of how to gain the necessary skills,

    behaviours and experience.

    7. Link talent management with performance management. Talent management and succession

    planning should become a part of the organisations performance management and careerdevelopment processes. Regular performance discussions are important to collect evidence of

    how potential successors have performed. In addition, the discussions also provide the

    opportunity for managers to coach talent to ensure ongoing development and readiness.

    8. Provide ongoing development. Managers need to support the ongoing development of their

    talent to ensure that make the necessary progress.

    9. Monitor readiness and prepare a succession plan. Senior managers should meet at least

    annually to initially agree who the potential successors are for the key roles and to subsequently

    monitor their progress. Who is ready now to move to their next role? Is their evidence to suggestthat any of the successors will not make the grade? If not what needs to be done?

    10. Ensure ownership . Succession planning needs to be owned by line managers and needs to be

    actively led by the Chief Executive or owner of the business for it to be successful.

  • 7/30/2019 Hrm Talent Management

    5/19

    5

    APPLE INC.

    Apple Inc. is an American multinational corporation that designs and sells consumer

    electronics, computer software, and personal computers. The company's best-known hardwareproducts are the Macintosh line of computers, the iPod, the iPhone and the iPad. Its software

    includes the OS X and iOS operating system; the iTunes media browser; and

    the iLife and iWorkcreativity and production suites. Apple is the world's third-largest mobile

    phone makerafterSamsung and Nokia. Established on April 1, 1976 in Cupertino, California,

    and incorporated January 3, 1977, the company was named Apple Computer, Inc. for its first 30

    years. The word "Computer" was removed from its name on January 9, 2007, as its traditional

    focus on personal computers shifted towards consumer electronics.

    Fortune magazine named Apple the most admired company in the United States in 2008, and in

    the world from 2008 to 2012. However, the company has received widespread criticism for its

    contractors' labor practices, and for Apple's own environmental and business practices.As of July 2011, Apple has 364 retail stores in thirteen countries as well as an online store, Apple

    Store. It is the largest publicly traded company in the world by market capitalization. The

    company is the largest technology company in the world by revenue and profit, more

    than Google and Microsoft combined. As of September 24, 2011, the company had 60,400

    permanent full-time employees and 2,900 temporary full-time employees worldwide; its

    worldwide annual revenue in 2010 totalled $65 billion, growing to $108 billion in 2011. On

    August 20, 2012, Apple surpassed Microsoft to become the largest public company in history by

    market capitalization, in nominal terms.

    http://en.wikipedia.org/wiki/Multinational_corporationhttp://en.wikipedia.org/wiki/Consumer_electronicshttp://en.wikipedia.org/wiki/Consumer_electronicshttp://en.wikipedia.org/wiki/Macintoshhttp://en.wikipedia.org/wiki/IPodhttp://en.wikipedia.org/wiki/IPhonehttp://en.wikipedia.org/wiki/IPadhttp://en.wikipedia.org/wiki/OS_Xhttp://en.wikipedia.org/wiki/IOShttp://en.wikipedia.org/wiki/Operating_systemhttp://en.wikipedia.org/wiki/ITuneshttp://en.wikipedia.org/wiki/ILifehttp://en.wikipedia.org/wiki/IWorkhttp://en.wikipedia.org/wiki/Mobile_phone#Manufacturershttp://en.wikipedia.org/wiki/Mobile_phone#Manufacturershttp://en.wikipedia.org/wiki/Samsung_Telecommunicationshttp://en.wikipedia.org/wiki/Nokiahttp://en.wikipedia.org/wiki/Cupertino,_Californiahttp://en.wikipedia.org/wiki/Consumer_electronicshttp://en.wikipedia.org/wiki/Fortune_(magazine)http://en.wikipedia.org/wiki/Criticism_of_Apple_Inc.http://en.wikipedia.org/wiki/Apple_Storehttp://en.wikipedia.org/wiki/Apple_Store_(online)http://en.wikipedia.org/wiki/Apple_Store_(online)http://en.wikipedia.org/wiki/List_of_corporations_by_market_capitalizationhttp://en.wikipedia.org/wiki/Googlehttp://en.wikipedia.org/wiki/Microsofthttp://en.wikipedia.org/wiki/Microsofthttp://en.wikipedia.org/wiki/Microsofthttp://en.wikipedia.org/wiki/Microsofthttp://en.wikipedia.org/wiki/Googlehttp://en.wikipedia.org/wiki/List_of_corporations_by_market_capitalizationhttp://en.wikipedia.org/wiki/Apple_Store_(online)http://en.wikipedia.org/wiki/Apple_Store_(online)http://en.wikipedia.org/wiki/Apple_Storehttp://en.wikipedia.org/wiki/Criticism_of_Apple_Inc.http://en.wikipedia.org/wiki/Fortune_(magazine)http://en.wikipedia.org/wiki/Consumer_electronicshttp://en.wikipedia.org/wiki/Cupertino,_Californiahttp://en.wikipedia.org/wiki/Nokiahttp://en.wikipedia.org/wiki/Samsung_Telecommunicationshttp://en.wikipedia.org/wiki/Mobile_phone#Manufacturershttp://en.wikipedia.org/wiki/Mobile_phone#Manufacturershttp://en.wikipedia.org/wiki/IWorkhttp://en.wikipedia.org/wiki/ILifehttp://en.wikipedia.org/wiki/ITuneshttp://en.wikipedia.org/wiki/Operating_systemhttp://en.wikipedia.org/wiki/IOShttp://en.wikipedia.org/wiki/OS_Xhttp://en.wikipedia.org/wiki/IPadhttp://en.wikipedia.org/wiki/IPhonehttp://en.wikipedia.org/wiki/IPodhttp://en.wikipedia.org/wiki/Macintoshhttp://en.wikipedia.org/wiki/Consumer_electronicshttp://en.wikipedia.org/wiki/Consumer_electronicshttp://en.wikipedia.org/wiki/Multinational_corporation
  • 7/30/2019 Hrm Talent Management

    6/19

    6

    TALENT MANAGEMENT IN APPLE INC.

    Apple became the most valuable corporation in the world based on market capitalization,

    surpassing every firm in the technology industry and every other industry! As a consumer

    products company, its prolonged growth spurt is even more amazing because it has continuedthrough economic times when consumers are reluctant to spend what little they have.

    Considering that Apple was near bankruptcy in 1997, its story is both extraordinary and

    noteworthy.

    The extraordinary valuation is not a result of 30+ years of stellar performance. Apple has failed

    at many things. Its success isnt the result of access to special equipment, manufacturing

    capability, or a great location, but rather superior leadership, access to great talent, and unusual

    talent management approaches.

    Almost everyone in business is aware of Apples amazing product success and the extraordinary

    leadership of Steve Jobs. Some authors have described the firms approach to HR, but few have

    analyzed the firm close enough to identify why the approaches work. Interviews with HR leaders

    convince that there are lessons to be learned from this company. After researching and analyzing

    Apples approach to talent management, here is a list of the key differentiators.

    AGILITY ALLOWS FOR INNOVATION INTO COMPLETELY NEW

    AREAS

    Many firms develop the capability to dominate their industry. Procter & Gamble, Intel, and

    Toyota are excellent examples. Apple is in a different league, however, because it hasdemonstrated the ability to shift into and dominate completely new industries every few years.

    For most of its history, Apple was a computer company (and its name used to be Apple

    Computer), but in the last decade Apple tackled the music industry with the iPod device and

    iTunes distribution channel. Next Apple conquered and dominated the smartphone industry with

    the iPhone and App Store. Most recently Apple challenged the PC as we know it and is in the

    process of disrupting the publishing industry. This ability to successfully shift from one industry

    to another in a few short years is known as agility. Even wildly successful firms like Google,

    Facebook, Toyota, or Procter & Gamble cannot come close to matching Apples agility track

    record.

    A great deal of Apples agility comes from the direction and vision of its senior leadership and

    its corporate culture, which reinforces the need to get ready for the next big thing. While Apple

    looks for agility in talent, the real key to Apples agility occurs post onboarding. At Apple, there

    is a cultural expectation that after succeeding in one task, you will immediately move on to

    something completely different. You know that you will have to retool and learn quickly. The

    expectation of radical change eliminates resistance and sends a message that employees cant

  • 7/30/2019 Hrm Talent Management

    7/19

    7

    rest on their laurels. That means that they must mentally prepare for (and even look forward to)

    the next extraordinary challenge, even though you will get almost no career path help in

    determining which is the next best challenge for you. Apple employees work in numerous

    disconnected team silos, competing against one another with little or no foresight into the

    purpose or intended use date of their work.

    The rapidly shifting work load means than an employee bored with their work wont be for long

    because the work and the focus will change, a major attraction factor that brings in recruits

    desiring the challenge of radical change. Looking at the big picture, Apples ability to move into

    and dominate completely unrelated industries is only possible because of its extraordinary talent,

    the way that it manages it, and its approach to building an image that attracts the new skills

    needed to successfully move into completely new product areas.

    A LEAN TALENT MANAGEMENT APPROACH CONTRIBUTES TO

    EXTRAORDINARY PRODUCTIVITY

    Most firms strive to have a productive workforce. One of the best ways to measure workforce

    productivity is revenue per employee. Apple produces what can only be considered extraordinary

    revenue per employee; $2 million. A second measure of workforce productivity is profit per

    employee: nearly $478,000 for Apple (unbelievable considering it has a retail workforce).

    For years, the leadership of Apple has followed the philosophy that having less is more, meaning

    that by purposely understaffing and operating with reduced funding, you can make the team

    more productive and innovative.

    Innovation at most firms is expensive because you must pay for a lot of trial and error. The lean

    approach, however, can improve innovation because with everything being tried, there simply

    isnt enough time or money for major misses and re-dos. Unrealistic deadlines at Apple mean

    that you have to get project problems solved early on, because there isnt time to redo things over

    and over. Being lean forces the team to be more cohesive. Even providing a lean schedule forces

    everyone to be productive because they know there is no room for slippage. At Apple, the lean

    approach means that even with its huge cash resources, every employee must adopt the mentality

    of leanness.

    BUILD AND REINFORCE A PERFORMANCE CULTURE

    Any business analysis of Apple will reveal its laser focus on producing industry-leading results.

    While some feel the performance emphasis comes solely from Steve Jobs, the performance

    culture is continually reinforced by operational processes and practices. For example, having

    stock as a primary motivator forces employees to focus on the performance of the company and

    its stock. The rewards and recognition programs at Apple dont include a component for effort or

  • 7/30/2019 Hrm Talent Management

    8/19

    8

    tryingonly final results. Rather than celebrating numerous product milestones, only the final

    product unveiling is worthy of a major celebration.

    A performance culture requires significant differentiation based on performance, and its clear

    that in this culture, the top performers and those who are working on mission-critical products

    are treated significantly differently. In fact, current and former employees frequently complained

    about the special treatment given to those designated as the top 100 most important employees.

    Treating top performers differently may cause some employees to be disgruntled, but treating all

    employees exactly the same will frustrate your high-impact top performers and cause them to

    leave. Functions receive different funding also, based on their potential impact. Overhead

    functions that dont directly produce product (i.e. HR) are often underfunded compared to

    product producing functions like engineering and product design.

    Although there is certainly politics at Apple (where marketing seems to rule), having a degree

    from a prestigious school or past success on other products wont get you far in the highlycompetitive culture at Apple. Jobs has no degree at all. The internal competition is fierce (even

    though they dont know what other teams are doing) to develop or contribute to the most-talked

    about feature for the next WOW product.

    RATHER THAN A WORK/LIFE BALANCE, EMPHASIZE THE WORK

    Numerous HR functions proudly and prominently push work/life balance. Like them, Apple is

    proud of its long-established culture. You wont find the term balance anywhere on the career

    site; instead, Apple makes it clear it is looking for extremely hard-working and committed

    individuals. On the website, for example, it proudly states: This isnt your cushy corporate nine-

    to-fiver. It reinforces the hard work message several times, including Making it all happen

    can be hard work. And you could probably find an easier job someplace else. But thats not the

    point, is it?

    And: We also have a shared obsession with getting every last detail right. So leave your

    neckties, bring your ideas.

    If you dont care about getting every precise detail perfect, great work, and a lot of it, Apple

    makes it crystal clear that this is not the place for you.

  • 7/30/2019 Hrm Talent Management

    9/19

    9

    TALENT MANAGEMENT LESSONS TO LEARN AND COPY

    You should not be surprised to learn that the firm that made the term think different a brand

    uses talent management approaches that are well outside the norm.

    Career paths reduce self-reliance and cross-pollination

    In most organizations, HR helps to speed up employee career progression. The underlying

    premise is that retention rates will increase if career progression is made easy. The Apple

    approach is quite different; it wants employees to take full responsibility for their career

    movement. The concept of having employees own their career began years ago when Kevin

    Sullivan was the VP of HR. Apple doesnt fully support career path help because it doesnt want

    its employees to develop a sense of entitlement and think that they have a right to continuous

    promotion.

    Apple believes career paths weaken employee self-reliance and indirectly decrease cross-

    departmental collaboration and learning. Absent a career path, employees actively seek out

    information about jobs in other functions and business units. In a company where creativity and

    innovation are king, you dont want anything reducing your employees curiosity and the cross-

    pollination between diverse functions and units. Automatically moving employees up to the next

    functional job may also severely narrow the range ofinternal movementwithin the organization,

    which could reduce the level of diverse thinking in some groups.

    Create and manage a culture of innovation

    most firms have a culture with a singular focus on one attribute like performance, quality,

    customer service, or cost-containment. Apple is unique in that it has two dominant cultural

    attributes that exist side-by-side. The first is performance, with the second being innovation;

    the latter may actually be the strongest of the two. The dual emphasis works at Apple because the

    firm operates in the consumer technology field, where there is a universal expectation for

    disruptive performance.

    Producing $2 million-plus in revenue per employee certainly establishes Apple as a performer,

    but it is its industry-dominating product innovation that differentiates it from competitors like

    HP, Sony, Microsoft, and IBM. Three factors drive the innovation attribute, including the

    expectation of continuous innovation, extreme secrecy within the product development process,

    and continuous brainstorming/challenge meetings (even at play just days before a product

    launch).

    http://www.ere.net/tags/internalmobilityhttp://www.ere.net/tags/internalmobilityhttp://www.ere.net/tags/internalmobilityhttp://www.ere.net/tags/internalmobility
  • 7/30/2019 Hrm Talent Management

    10/19

    10

    I expect a pony

    Apples culture of innovation is unique because the goal is to produce a pony, not a real horse

    but instead something so desirable that everyone wants it and considers it gorgeous. Simple

    evolution doesnt cut it only extraordinary industry-leading innovation that results in WOW

    products does. To accomplish that, Apple doesnt do what most consumers assume it does.

    Instead of developing completely new industry technologies, Apple takes existing technologies

    and then bundles numerous small developments on top to produce what appears to the public as

    giant step forward. It takes a powerful culture and group of managers to delay taking great work

    public faster, but Apple knows that numerous small releases dont produce the same media and

    consumer buzz.

    The expectation of innovation permeates the culture

    The expectation of innovation is driven by Apples history of innovation, its leaders (who forbid

    the use of thats not possible), and the peer pressure among employees to be among the

    contributors to the final product that the customer sees. In order to generate this expectation of

    innovation, it doesnt rely on posters or motivational slogans (although they have those too

    around here, changing the world just comes with the job description). Instead, every

    communication, process, product launch event, and even advertising slogans (Think Different,

    Imagine the Possibilities, Heres to the crazy ones. The misfits. The rebels. Etc.) make it crystal-

    clear that innovation is at the heart of Apples success. Innovation has driven Apples past and

    current successes, and it will continue to drive future success.

    Secrecy drives internal competition

    The second critical driver of innovation is the product development process. This innovation

    process is unique in that it doesnt rely on a formal ideation type model; instead, it has been

    described as an iteration process energized by peer competition and Apples famous secret

    approach to teams. Apple does many things using small development teams, as many firms do,

    but doesnt rely on a single team to design each product element. Multiple teams may be

    assigned to the same area (or they may accidentally wander into the same area). The approach

    has been called 10 to 3 to 1 because 10 teams may work on a product area independently. When

    work is ready for review a formal peer review, it will whittle 10 mockups to three and eventuallydown to one. It is an approach that is unique to Apple. Outsiders may consider it expensive and

    slow, but they cant argue it isnt effective.

    Apple is well known for its obsession with secrecy in order to heighten the impact during a

    product release. Secrecy is also the most unique element in its innovation process. In order to

    maintain secrecy, development and design teams are intentionally siloed. As a result of these

  • 7/30/2019 Hrm Talent Management

    11/19

    11

    communication barriers, team leaders may not be initially aware of how many teams theyre

    competing against and what those other teams are working on. The level of open collaboration

    that you might find at other firms like Google is not possible under this process, but neither is

    early-stage groupthink. Once possible feature solutions move forward to peer review, the

    organization benefits from broader scope best-practice sharing and collaboration. While it may

    seem counterintuitive, Apple has turned team silos that wouldbe a negative factor at most

    firms into a positive force.

    Paired design meetings force free-thinking to continue until the end of the design

    Another element of the design and innovation process is the holding of weekly paired design

    meetings. Every design team is expected to hold two meetings each week. The first is a

    traditional production meeting where small refinements are discussed and made. The second is a

    go crazy meeting, in which everyone brainstorms and uses free-thinking to scope out

    parameters. Most organizations stop these brainstorming meetings once the design parameters

    are clear, but Apple continues them long into the development cycle to guarantee that completely

    new ideas will constantly raise the innovation bar.

    The talent management lessons to learn in the area of innovation include the concept that intense

    competition may produce innovation faster than any formal ideation process. In addition, peer

    vetting of ideas, delaying collaboration until toward the end of the development process, and

    requiring the continuous use of brainstorming processes may result in bolder innovations and

    higher levels of risk-taking.

    Tying economic rewards to overall company success can reduce selfish behavior

    You wont find anyone who will publicly argue that Apple pays well with regard to base

    compensation. Economic rewards at Apple are significant, but largely tied to the companys

    valuation. The primary monetary motivator at Apple is the opportunity for wealth creation as a

    result of stock ownership. Most employees at Apple get periodic stock grants to reward their

    contribution. By putting the focus on the stock, they send every employee a clear message that

    individual accomplishments are important only if they directly contribute to the overall success

    of the company. This approach, coupled with the firms famous product focus, keeps everyone

    focused on product success rather than individual results and individual rewards. Individual

    rewards are provided based on performance and consist of stock grants and cash bonuses up to

    30% of base salary. Apples retail employees also have stock opportunities. They are paid on anhourly basis and do not receive a sales commission.

    Benefits and even pay play a secondary role in recruiting and retention

    at Apple, the primary long-term attraction and retention factors are stock growth and exciting

    work. Because of the importance of these two factors, its message on benefits is clear. If youre

  • 7/30/2019 Hrm Talent Management

    12/19

    12

    doing the best work of your life and having a major impact on the world, do you really need

    sushi in the cafeteria? (It has that also.) Although most talent competitors to Apple spend huge

    amounts of money on benefits, Apples offerings are spartan when compared to Google,

    Facebook, and Microsoft. While Apples health plan is well-funded, and it has good food and an

    on-campus gym, neither the food nor the gym is free. One perk that does excite potential

    applicants (especially in retail) is the employee discount on Apple products which is given to

    every employee. These discounts further support and reinforce Apples companywide emphasis

    on the product.

    Your corporate jobs website should boldly inspire

    because the primary goal of most corporate career/jobs websites is simply to provide company

    and job information to potential candidates, most corporate job pages are chock-full full of

    information. Apples website is lean on information but strong on inspiration. As a result, after

    exploring the site, the potential applicant comes away inspired rather than with a pile of

    information about the company.

    There are two categories of inspirational messages on the site, and each one is bold. The first

    group of corporate messages makes it clear that Apple is anti-corporate. In fact, the first bold

    headline you see is corporate jobs, without the corporate part. They also highlight what they

    are proud notto have including endless meetings, being bureaucratic, having executive perks

    and managers wearing suits. Instead they boldly tell you dont expect business as usual.

    The second category of inspiration on the website concentrates on openness, innovation, and

    changing the world. Key phrases include open minds, collaboration, and of course innovation.

    You will also find the phrase theres plenty of open space and open minds (obviouslyperfect sentence structure isnt a high priority either). Finally, they promise to give you a license

    to change the world and be inspired.

    Its focus on inspiration is so strong that for a tech firm, there is a surprisinglack of technology-

    speak on the page. You will not find blogs, videos, or any mention of Apples availability on

    Twitter or Facebook easily. When it comes to mobile access, the site will render fine on the latest

    smartphones, but receives a 1.51/5.0 with regard to meeting mobile standards. If you visit the

    site, you might even find links that dont work and features that load very slowly. What you will

    find is inspirationloads of it.

    Ill leave you with this introductory statement from its career site:

    Theres the typical job. Punch in, push paper, punch out, repeat. Then theres a career at

    Apple. Where youre encouraged to defy routine. To explore the far reaches of the possible. To

    travel uncharted paths. And to be a part of something far bigger than yourself. Because around

    here, changing the world just comes with the job description.

    http://www.ere.net/tags/corporatecareerswebsitehttp://www.apple.com/jobs/us/corporate.html#operationshttp://www.apple.com/jobs/us/corporate.html#operationshttp://www.apple.com/jobs/us/corporate.html#operationshttp://www.apple.com/jobs/us/corporate.html#operationshttp://www.apple.com/jobs/us/corporate.html#operationshttp://www.apple.com/jobs/us/corporate.html#operationshttp://www.ere.net/tags/corporatecareerswebsite
  • 7/30/2019 Hrm Talent Management

    13/19

    13

    INTERNAL BRAND ENCOURAGES FIGHTING THE STATUS QUO

    Steve Jobs and the management team at Apple have worked tirelessly to build a unique internal

    brand image at Apple that positions employees (at least mentally) as revolutionaries and rebels.

    Many years ago the organization influenced this internal brand by challenging employees to

    think how much more exciting it would be to be a pirate, rather than someone who followed theformal protocol of the regular Navy. It even flew a pirate flag over its corporate headquarters.

    The tradition of being revolutionaries is upheld even today with many supportive slogans

    including Part career, part revolution.

    Apple is well known for using T-shirts, parties, and celebrations to build cohesion and to

    reinforce the internal brand as a ragtag group of revolutionaries. By getting employees to view

    their role as attacking the status quo, it helps to spur continuous and disruptive innovation. It has

    been successful in maintaining that internal brand image despite the fact that the top-down

    approach and intense secrecy run counter to its hatred of bureaucracy and all things too

    corporate. The external image further supports the internal brand.

    YOU CAN HAVE A STRONG EXTERNAL EMPLOYER BRAND WITHOUT AN

    EMPLOYER BRANDING PROGRAM

    Many among us dream of working at Apple, but unlike Google and Facebook, its pretty difficult

    to find out what its actually like to work there. A quick search on the Internet reveals that apart

    from a few alumni, most who have roamed the halls are pretty tight-lipped about their

    experience. While that silence is probably largely driven by Apples widespread use and

    vigilantly enforced non-disclosure agreements, even the corporation itself is relatively mum. Youwont find a great deal of employment advertising or find the Apple name on any one of a dozen

    or more best-company-to-work-for lists covering the technology sector, even though competitors

    like Google, Microsoft, and Intel are regularly listed.

    Despite the silence, most would agree that Apple has a great employer brand image;

    Universum ranks Apple No. 10 among global engineering companies. The lesson to be learned is

    simple: use management practices that support your desired brand and elaborate brand

    management work will be unnecessary. Get your potential applicants to admire your firm for

    who and what the firm does by being the admirable firm.

    YOUR PRODUCT BRAND SHOULD SERVE DOUBLE-DUTY AS YOUR EMPLOYER

    BRAND

    Instead of spending millions on building an employer brand, Apple lets its product brand do all

    the talking. Apple works hard on building and maintaining its product brand, which is ranked

    as the #1 global brand according to BrandZ ranking. Although product brand messages are

    http://moconews.net/article/419-apple-tops-brand-rankings-whats-the-takeaway-for-mobile/http://moconews.net/article/419-apple-tops-brand-rankings-whats-the-takeaway-for-mobile/
  • 7/30/2019 Hrm Talent Management

    14/19

    14

    intended primarily for customers, the messaging which emphasizes innovation and thinking

    differently also hasa major impact on potential applicants and employees. The logic is that if

    your organization lives up to its product promises, then it is natural to expect that the companys

    jobs would also live up to the firms brand promise. In their minds, potential applicants make the

    connection between great products and a great place to work. In addition, because Apples

    products are talked about by everyone, there is a lot of brand association power lauded on those

    who work at Apple.

    This public awareness and admiration can, coupled with a strong employee referral program,

    make generating a high volume of quality applicants easy. That same attention and curiosity will

    also enhance a firms retention rates because your employees will realize that the public sees

    them as collectively changing the world. Having employees believe that they are likely doing

    the best work oftheir lives is a powerful situation that most companies cant easily mimic.

    BEING A MOST-ADMIRED FIRM MAY BE ENOUGH

    Apple does receive some notoriety in the press as the worldsmost admired firm.In fact,

    Apple has been No. 1 for four years running on the list. That is an amazing feat. Apple

    dominates this list by being ranked first in eight out of the nine possible ranking factors. Those

    eight categories include factors that impress potential applicants, including people management,

    quality of management team, innovativeness, and social responsibility. The most admired list is

    based on the perceptions of business people and executives, something that Apple excels at

    managing. Having your firm admired garners enormous publicity in addition to increasing

    employee pride, engagement, and retention. The lesson to be learned by other firms is that if you

    dont offer great benefits (which Apple doesnt) you can get the same or even larger impact ifyou manage the perceptions of executives at other firms.

    We want our people to be on the leading edge, so that everyone wants them and then we must

    treat them right so they will stay, no matter what offers come along!TI M COOK

    AGGRESSIVELY RECRUIT THE BEST FROM OTHER FIRMS

    The pirate-raiding mentality at Apple certainly carries over into recruiting. Apple has a long

    history of recruiting away top talent from other firms. In fact, the development of its iPod

    probably wouldnt have occurred if it wasnt for importing external talent from firms that didnt

    appreciate the value of this new technology. Steve Jobs himself has been known to get directly

    involved in recruiting top talent. Apple has a top-grading type philosophy in that it targets top

    performers. Jay Elliot, its former VP of HR, cites one of Apples core principles as:Always

    hire the best A people. As soon as you hire a B, they start bringing in Bs and Cs.

    http://www.ere.net/tags/retentionhttp://money.cnn.com/magazines/fortune/mostadmired/2011/index.htmlhttp://money.cnn.com/magazines/fortune/mostadmired/2011/index.htmlhttp://money.cnn.com/magazines/fortune/mostadmired/2011/index.htmlhttp://money.cnn.com/magazines/fortune/mostadmired/2011/index.htmlhttp://money.cnn.com/magazines/fortune/mostadmired/2011/index.htmlhttp://www.ere.net/tags/retention
  • 7/30/2019 Hrm Talent Management

    15/19

    15

    Apples recruiting approach is evolving because it has recently imported a team of recruiting

    leaders from Electronic Arts, but historically, despite the aggressive philosophy, its recruiting

    methods were pedestrian. It uses job boards and has an employee referral program that has paid

    up to $5,000, but its candidate experience is far from perfect. Glassdoor users rate Apple

    interviews 3.0/5.0 with regard to difficulty. Its college recruiting effort isnt exceptional, with the

    exception of using recent college hires to help recruit the new crop. The key lesson for other

    firms to learn is that you can generate huge volumes of high-quality applicants if your firm is

    highly admired and if potential employees believe that they will be working on leading-edge

    products that everyone will be talking about.

    In the retail group, there are two notable recruiting practices. The first has been the naming of the

    Genius Bar, where technical support is provided. Many applicants and employees in the retail

    area seem to be willing to put up with the relative drudgery of retail work simply for the

    opportunity to someday work their way up to becoming certified as a genius. The second is the

    use of employee referral cards that are well-designed and powerful. They reinforce the

    companywide focus that originated with Steve Jobs on recruiting the best from other firms.

    Recruiters and employees who witness great customer service at other retail and customer

    service outlets hand the card to those few individuals who provide impressive service. The front

    of the referral cards say Youreamazing. We should talk.

    The back praises the individual and their work with a near perfect narrative Your customer

    service just now was exceptional. I work for the Apple store and youre exactly the kind of

    person wed like to talk to. If youre happy where you are, Id never ask you to leave. But if

    youre thinking about a change, give me a call. This could be the start of something great.

    http://www.apple.com/retail/geniusbar/http://www.apple.com/retail/geniusbar/
  • 7/30/2019 Hrm Talent Management

    16/19

    16

    In 13 years Apple has transformed itself from an organization of the verge of collapse to the

    worlds most valuable firm, amassing a phenomenal innovation record in the process. While

    Apples approach wouldnt work for every firm, there are lessons to be learned that can influence

    program design regardless of industry, firm size, or location.

    Make your employees own their learning, training and development

    Because Apple frequently produces new products requiring expertise in completely different

    industries (i.e. computers, music devices, media sales, and telephony), its employee skill set

    requirements change faster than at almost any other tech firm. While there is plenty of training

    available, there is no formal attempt to give every employee a learning plan. Just as with career

    progression, employee training and learning are primarily owned by employees. The firm

    expects employees to be self-reliant. Its retail salesforce for example receives no training on how

    to sell, a practice that is certainly unconventional in the retail environment. The lesson is simple:

    providing target competencies and prescribing training can weaken employee self-reliance, an

    attribute problematic in a fast-changing environment. Employee ownership of development

    encourages employees to continuously learn in order to develop the skills that will be required

    for new opportunities.

    Make managers undisputed kings

    Apple is not a democracy. Most direction and major decisions are made by senior management.

    Twenty percent time like that found at Google doesnt exist. While in some organizations HR

    is powerful when it comes to people management issues, at Apple, Steve Jobs has a well-earned

    reputation for deemphasizing the power of HR. Although Apple was the first firm to develop an

    HR 411 line, most of the talent management innovations at Apple emanate from outside of theHR function. There is a concerted effort to avoid having decisions made by committees.

    Putting the above factors together, it is clear that at Apple, managers are the undisputed kings.

    The resulting decrease in overhead function interference, coupled with the increased authority

    and accountability, helps to attract and retain managers that prefer control. Unfortunately,

    concentrating the authority has resulted in having some managers being accused of

    micromanagement and abusing team members.

    Having a product focus drives focus, cooperation, and integration

    Apple is notably famous in the business press for its product-focused approach (versus afunctional or regional focus). Everything from strategy to budgets to organizational design and

    talent management functions are designed around the product. One ofthe primary goals of

    talent management is to ensure that the workforce is focused on the strategic elements that drive

    company success. That focus can be distracted with selfish or self-serving behavior that instead

    shifts the emphasis to the individual, a business function, a particular business unit or even a

  • 7/30/2019 Hrm Talent Management

    17/19

    17

    region. Although deciding to have a product focus is normally a business decision, it turns out

    that Apples strong product focus also has significant positive impacts on talent management.

    This laser focus on producing a product makes it easy for everyone to prioritize and focus their

    efforts. A product focus is so powerful because its easy for employees to understand that final

    products can never be produced without everyone being on the same page. A product focus

    increases coordination, cooperation, and integration between the different functions and teams

    because everyone knows that you cant produce a best-selling product without smooth handoffs

    and a lack of silos and roadblocks. With a singular focus on producing product, there is simply

    less confusion about what is important, what should be measured, what should be rewarded, and

    what precisely is defined as success. A product focus increases the feeling of were all in this

    together for a single clear purpose: the product.

    Apple purposely offers only a relative handful of products, so employee focus isnt dispersed

    among hundreds of products as it is at other firms. By releasing products only when it can have a

    major market impact, Apple essentially guarantees that every employee can brag that they

    contributed to an industry-dominating product that everyone is aware of. This focus on product

    helps to contribute to employees feeling that they are changing the world. This focus may also

    reduce the chance that employees will notice that the day-to-day work environment with its

    politics and the required secrecy may be less than perfect. And because Apple is no longer a

    small firm, with nearly 50,000 employees, a unifying and inspiring theme is required to maintain

    cohesion and a single sense of purpose.

    Find a passionate and inspirational leader

    Although Steve Jobs is no longer the CEO, no analysis of Apple would be complete withoutmentioning his importance in the firms success and the design of its talent management

    approach. He influenced nearly every aspect of the talent management approach. Not only is he

    one of the highest-rated CEOs by the public (he is ranked number three on the glassdoor.com

    list) but as a role model, he has had a huge impact on innovation, productivity, retention, and

    recruiting. His value is indisputable. The day after he resigned, Apples stock value fell by as

    much as $17.7 billion. It is too early to tell whether the new CEO, Tim Cook, who is markedly

    less inspirational, will be able to maintain the momentum that Jobs created. He has already

    shifted some executives and changed the companys philanthropy approach by instituting a

    matching gift program for charitable donations.

    Other miscellaneous talent management issues

    Apple executives are certainly in high demand at other firms that seek to be equally as innovative

    (for example, the head of the retail operation recently left to become CEO at JC Penney). Despite

    this demand, Apple certainly doesnt have any significant turnover problems. You can, however,

    find plenty of negative comments about Apple on sites like glassdoor.com. Some describe

    http://venturebeat.com/2011/08/24/tributes-to-steve-jobs-from-business-executives-start-pouring-in/http://www.glassdoor.com/Reviews/Apple-Reviews-E1138.htmhttp://www.glassdoor.com/Reviews/Apple-Reviews-E1138.htmhttp://venturebeat.com/2011/08/24/tributes-to-steve-jobs-from-business-executives-start-pouring-in/
  • 7/30/2019 Hrm Talent Management

    18/19

    18

    Apples approach toward employees as a bit arrogant, and employees are certainly pushed to

    their limits. If you dont bleed six colors, you simply wont enjoy your experience at Apple for

    long. Although originally the firm emphasized employee recognition, it is not easy for those

    outside the firm to connect recent product successes to a single individual or team.

    Apple is a team environment. Although many teams are forced to operate in isolation, that

    actually helps to build team cohesion. The competition between the different development teams

    is also intense, but that also helps to further strengthen cohesion. Like most engineering

    organizations, its decision-making model is certainly focused on data. Apple management likes

    to control all aspects of its products, but despite that, it is one of the best at using outsourcing to

    cover areas like manufacturing, which it has determined is not a core corporate competency.

    FINAL THOUGHTS (CONCLUSION)

    Although Apple clearly produces extraordinary results, its approach to talent management is

    totally different than that of Google and Facebook, which also produce industry-dominating

    results. As Apple has grown larger, its rigor around sustainable innovation has grown as well, a

    feat that proves impossible for most organizations including the likes of HP, Microsoft, and

    Yahoo.

    The three big picture learnings :

    1. Focus on the work it is managements responsibilty to do whatever is necessary tokeep work exciting and compelling.

    2. Strive for continuous innovationApples emphasis on being different is so strongthat it cant be overlooked by any employee or applicant. It delivers industry-dominatinginnovation levels because everyone is expected to.

    3. Deliver on your brandApple works hard to make sure that potential applicants,employees, and even competitors admire its products, the firm, and how it operates.

    These three factors are not easy to copy, but they are certainly worth emulating. If a firm can

    bring them and the results that they produce to the firm, there is no doubt that the firm will

    succeed.

  • 7/30/2019 Hrm Talent Management

    19/19

    WEBLIOGRAPHY

    www.google.com

    www.wikipedia.org

    www.apple.com/in

    BIBLIOGRAPHY

    Human Resource Management- Michael Vaz

    http://www.google.com/http://www.wikipedia.org/http://www.wikipedia.org/http://www.google.com/