Risk Management: The Detail Most Executives Miss

Posted by Steve Trautman on Apr 13, 2017 1:23:01 PM

Organizations of all sizes already assess and manage many types of business risk day to day, including legal, operational, financial, and insurance. As a business leader you would never dream of just going with your gut when faced with the legal risks of a big contract, and no board of directors would settle for an executive declaring, “I have a feeling our workers will be safe enough,” or “our production capacity seemed fine so I fired the analysts.” And even though in-house risk managers and vendors (lawyers, insurance brokers) may shoulder the heavy lifting, line executives are expected to have at least a basic understanding of how to address common types of business risk and where to go for help. That is, except for one of the biggest risk areas - no one methodically manages technical talent risk.

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Topics: Workforce Risk Management, Talent Risk Management, talent risk mangement definition, Risk Management

Talent Risk Management in Action: Everyone on the Team Doing Their Part

Posted by Steve Trautman on Jan 10, 2017 9:16:21 PM

Today in my email inbox I was copied on a status report showing talent risk reduction happening in real-time using knowledge transfer. It inspired me to share with you how this is working on the ground, in just a few quick bullets. This is what we’re all about.

It is the story of a current client, with the knowledge transfer process working exactly as it should:

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Topics: Knowledge Transfer Strategy, Knowledge Transfer Workshop (KTW), Talent Risk Management, knowledge transfer blog, knowledge transfer, managing talent risk

Why Competency Models Used for Talent Risk Management Are the Emperor’s New Clothes

Posted by Steve Trautman on Nov 11, 2016 1:22:30 PM

Yesterday, during the i4cp webinar on Managing Talent Risk, I commented that it is time for competency models to be replaced with more targeted talent risk data that directly drives business (think: money, time, and quality).  I have had several questions about my position on this subject so I am rerunning this blog post in case it is helpful.  I would love your comments on the topic.

Here’s a quick business story illustrating just why HR competency models are inadequate when used to manage talent and guide change within a job role:  

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Topics: Outsourcing, Best Practices, Skill Development Plan (SDP), Common KT Misconceptions, Free Resources & Tools, Talent Risk Management, knowledge transfer blog, knowledge transfer, knowledge transfer planning, managing talent risk

Corporate Boards Can Lead on Managing Talent Risk

Posted by Steve Trautman on Nov 9, 2016 10:58:14 AM

In my new book on managing talent risk (coming in Spring 2017), I want to set a clear standard for how corporate leaders can talk to each other about talent risk.  It is clear that this conversation needs to start from the Board of Directors, then pass thru the C Suite all the way down to front line leaders. The recent i4cp research makes it clear that the main reason this isn’t happening already is because leaders don’t have a process for analyzing talent risk.

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Topics: Talent Risk Management, knowledge transfer blog, knowledge transfer, managing talent risk, talent risk management process

Most Companies Unprepared to Manage Talent Risk

Posted by Steve Trautman on Oct 26, 2016 7:46:05 PM

Thanks to i4cp for this news release...

Talent risk is business risk, but only 45% of companies have a process in place to mitigate it.

In this unpredictable business environment, the ability to hire and retain skilled employees and manage the risks associated with developing critical and top talent plays a key role in sustainable business success, yet less than half of companies surveyed by the Institute for Corporate Productivity report that their companies have a process in place to address organizational-level talent risk.

As highlighted in a new complimentary i4cp report titled Talent Risk Management, only 45% of companies

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Topics: Talent Risk Management, knowledge transfer blog, knowledge transfer, managing talent risk, talent risk mangement definition, definition of talent risk management, talent risk management process

Smart Tips on Getting Headcount Added To Your Team

Posted by Steve Trautman on Sep 29, 2016 11:33:00 AM

Every leader who asks for headcount needs to be able to make a sound business case that ties the new headcount to executing the corporate or divisional strategy. Start by making sure you know who is making the headcount decision, and make your business case with that person in mind. Since a group of executives above your manager is likely making the call,

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Topics: Knowledge Silo Matrix (KSM), Talent Risk Management, knowledge transfer, knowledge silos, managing talent risk, talent risk mangement definition, definition of talent risk management

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Steve Trautman is corporate America’s leading knowledge transfer expert. With two decades of application inside blue chips and Fortune 1000s, his pioneering work in the field of knowledge transfer and related risk management tools are now the nationally-recognized gold standard. He is known for a high energy style that combines humor, street smarts, and board room wisdom.

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