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

A Look Inside 'Managing Talent Risk': a New Book by Steve Trautman

Posted by Steve Trautman on Aug 29, 2016 12:30:00 PM

 

DEFINITION: Talent Risk Management (TRM) is the process of assessing your current technical/professional capacity [i] compared to the expected three- to thirty-six-month demand, aligning your organization around which risks are a priority, and then taking mitigating action to level workloads or transfer knowledge and skills to reduce the highest risk. It uses detailed, targeted data to monitor your talent risk profile and tune the makeup and readiness of your team. It means the financial impact of your risk at any time is known. It means you can say with justifiable confidence that you have enough of the right people with the right skillsets in the right place at the right time to stay productive, innovative, and competitive.

As I mentioned in a previous post, my new book on Managing Talent Risk (release Spring 2017) will showcase my recent work in the young, burgeoning field of talent risk management. 

Sign Up for Book Info & Goodies

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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

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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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