Jack Welch believed effective talent management could be achieved by dividing employees into three groups: the top 20%, the middle 70%, and the bottom 10%. He used this approach to identify top talent and provide them with challenging professional assignments early in their careers.
While team leaders often know “in their gut” which employees are strong performers, a simple analysis can help you know why they are doing well and where you can help them to develop. The use of a Talent matrix tool can make the assessment process very powerful.
This exercise is designed to give you practical experience in using a Talent Matrix to analyze your employees’ performance, as well as their alignment with the organization’s mission and values. For each employee, you will assess their performance, consider how well they align with core values of the organization, and identify areas for improvement or professional development.
The talent matrix
A talent matrix is a tool that can be used to assess employee performance and alignment with organizational mission and values. The matrix typically has two axes: performance and alignment. Performance is typically measured on a scale of 1 to 5, with 1 being low performance and 5 being high performance. Alignment is typically measured on a scale of 1 to 5, with 1 being low alignment and 5 being high alignment.
The benefits of using a talent matrix
There are a number of benefits to using a talent matrix to assess employee performance and alignment with organizational mission and values. These benefits include:
How to use a talent matrix
To use a talent matrix, you will need to assess the performance and alignment of each employee. You can do this by using a variety of methods, such as performance reviews, surveys, and 360-degree feedback. Once you have assessed each employee, you can plot their performance and alignment on the talent matrix.
The results of the talent matrix
The results of the talent matrix can be used to identify top performers, areas for improvement, and employees who need to be aligned with the organization’s mission and values. You can use this information to make decisions about employee development, compensation, and promotions.
Conclusion
The talent matrix is a powerful tool that can be used to assess employee performance and alignment with organizational mission and values. By using the talent matrix, you can identify top performers, areas for improvement, and employees who need to be aligned with the organization’s mission and values. This information can be used to make decisions about employee development, compensation, and promotions.
Here are some additional thoughts on the use of a talent matrix: