Talent Engagement Exercise
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.
Sample Solution
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:
- It can help to identify top performers. The talent matrix can help to identify employees who are high performers and who are also aligned with the organization's mission and values. These employees can be given challenging assignments and opportunities for advancement.
- It can help to identify areas for improvement. The talent matrix can also help to identify employees who are not performing as well as they could be or who are not as aligned with the organization's mission and values. These employees can be given training or development opportunities to help them improve their performance.
- It can help to align employees with the organization's mission and values. The talent matrix can help to ensure that employees are aligned with the organization's mission and values. This is important because employees who are aligned with the organization's mission and values are more likely to be engaged and productive.
- The talent matrix should be used in conjunction with other performance management tools, such as performance reviews and 360-degree feedback.
- The talent matrix should be updated regularly to reflect changes in employee performance and alignment.
- The results of the talent matrix should be used to make decisions about employee development, compensation, and promotions.