Talent Management: Why Value-Based Employees Make Great Employees & “The Talent Wheel”Tim Sanders, author of Saving the World at Work

Does Having an Effective Workplace Make a Difference?Ellen Galinsky, President, Families and Work Institute

Corporate Leadership Circle Conference Call February 9, 2010

Tim Sanders:

• Companies that hire, develop and manage “value-based” employees and employ innovative socially-conscious business solutions will be the ones that thrive going forward

Information Masters: the cost versus ROI

• InvestmentInvestment HistoricalHistorical Determinant of successDeterminant of success

• People 2% 20%

• Process 2% 15%

• Organization 2% 10%

• Culture 1% 20%

• Leadership 1% 10%

• Information 10% 15%

• Technology 82% 10%

Friendliness

Relevance

Empathy

• Employees with strong social values produce stronger companies

• Too many companies hire for technical talent or work experience instead of values

Case studies of companies that get it right:

• Timberland – Passion for community

• Interface – Passion for the environment

• SAS Institute – Passion for family and work life balance

• Green Mountain Coffee Roasters – Passion for worker rights

The Talent Wheel:

Hiring

Compensate

Succession Develop

Ellen Galinsky:

•The importance of effective workplaces in talent management and their essential components

• Many employers actively strive to create more effective workplaces in order to increase employee commitment and engagement, to attract the talent required to succeed, and to improve retention

What Is an Effective Workplace?

Source: Families and Work Institute. 2008 NSCW (N=1,952 to 2,296); statistically significant differences are denoted as * (p<.05), ** (p<.01), *** (p<.001), n.s. (not statistically significant).

FindingEmployees in Effective Workplace Have Better Work OutcomesRelationships varying levels of overall workplace effectiveness and positive work outcomes

Source: Families and Work Institute. 2008 NSCW (N=2,470 to 2,769).

FindingSome Aspects of an Effective Workplace Are More Important than Others in Affecting Work OutcomesEffective workplace dimensions significantly predicting work outcomes rank-ordered by relative importance

Source: Families and Work Institute. 2008 NSCW (N=2,243 to 2,295); statistically significant differences are denoted as * (p<.05), ** (p<.01), *** (p<.001), n.s. (not statistically significant).

FindingEmployees in Effective Workplaces Have Better Health and Well-being OutcomesRelationships between overall effectiveness and positive health outcomes

Source: Families and Work Institute. 2008 NSCW (N=2,471 to 2,769).

FindingSome Aspects of an Effective Workplace Are More Important than Others in Affecting Health and Well-being OutcomesEffective workplace dimensions significantly predicting health outcomes rank-ordered by relative importance

Solutions

1. See generational diversity issues as Talent Management Issues

2. Make Talent Management a core competency

3. Understand and respect differences4. Structure career conversations

Solutions

5. Promote perspective leadership6. Use social networking to solve problems7. Help individuals and teams take on

challenges8. Improve the work environment9. Measure what matters and work toward

continual improvement

www.timsanders.com

www.familiesandwork.org