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Developing Talent You Have (Handling C Performers (barely acceptables)…
Developing Talent You Have
Background
Hiring techniques and various strategies for employee retention
Employee development is another way to fill open positions
Development Dilemma
Who reaps the benefit?
More satisfied with the deal they are getting at work if trained
But same investments make them more marketable to others
Free riding issues
but less of an issue as you'd expect
Skill training
Types of Training
Informal
Employees still working
cheaper
Formal
More expensive
Corporate institutions
The align employee training with business strategy
They assure continual upgrade of internal knowledge
Online Training
Lower cost to supply
Elimination of travel costs and production time
Scalable to any level of demand
On-demand availability
Hone key employee skills but also build a bond between a company and its employees
Purpose
keep skills of employees current with advancing technologies and business practices
help employees master skills they need to advance within company
Training increases productivity!
Career Development
Umbrella term that describes training experiences, work assignments and mentoring relationships
Career ladder
Logical series of stages that move a talented and dedicated employee through progressively more challenging and responsible positions.
Most effective when avoids plateaus
Mentors
Set high standards
Make them available to their charges
Orchestrate developmental experiences
Should also empathize, nurturing, exemplify best of company's culture, rock solid links to org
Handling C Performers (barely acceptables)
Identify C performers
Agree on explicit action plans for each C performer
Hold managers accountable for the improvement or removal of C performers
Think: yes may bring down org but could improve if you shift person to next highest level. what was cost/benefits?
Tips
Provide career ladder for everyone you hope to retain
For promotable individuals, identify gaps between skills and experience. Fill gaps with training and appropriate assignments
Don't allow good people to get stuck on career plateaus
Make sure everyone who needs one has a suitable mentor