How You Deploy Top Talent Matters
The research around talent management has uncovered some surprises. We, like most talent management experts, had thought that the best performing companies had the most top talent. But it turns out that is not the case.
Talent Management Research
According to Bain & Company, “A” players are pretty evenly distributed across the workforce from company to company. They found that about 15% of all employees are what you could consider both high performing and high potential.
How to Deploy Top Talent to Create High Performance
So if it’s not the number of star employees that makes the difference, what else did the study reveal? It was the way the high performing companies deployed their top performers that made the difference. Instead of spreading top talent equally across the organization, Bain found they focused high performers in the most critical business operations…the functions most crucial to business success. This is the way they maximized productivity.
A High Level Talent Management Strategy to Deploy Top Talent
To replicate this in your own organization, here is the high level talent management strategy you need to follow once your business strategy is clear and you have created a high performance environment:
1. Identify and Develop Your Top Talent Where It Matters Most
Do you know who has the greatest potential for high performance and leadership in your organization? Do you know which jobs, skills and roles matter most for your short- and long-term strategies? If not, it’s high time you figure it out.
You will know you are on the right track when:
Remember, contribution varies from company to company and depends upon business strategies. For example, if innovation is the key to maintaining growth, then R&D is probably a place where you need to deploy and develop your best and brightest. If, instead, marketing is paramount to your future success, then this is an area to identify, develop and deploy your top talent.
2. Treat Your Top Talent Differently
Our organization alignment research found that talent accounts for up to 29% of the difference between high and low performing organizations. Smart talent leaders know that different employees contribute differently to company success based upon their role, skills and job. Because of this, winning organizations make sure that their talent strategy aligns with their unique organizational culture and business strategy.
From a reward and recognition perspective, the theory is that the highest performers should receive the greatest share of rewards because they contribute the most and deserve the most. While the exact percentages of rewards that go to the top high performers differ from company to company, be sure that your reward system provides enough motivation to support your objectives.
As a rule of thumb, one-third of your employees should have access to significant rewards and recognition based upon their performance.
3. Keep An Eye On The Results and Shift Talent As Needed
Don’t just sit back once job assignments have been made. There are two reasons to stay vigilant:
Keep your top players motivated with opportunities that stretch them and lead to ever more important roles. They want variety. This is good since they then can develop the flexibility that allows you to shift them as business needs change.
The Bottom Line
The essence of smart talent management is being able to deploy top talent where they will have the greatest business impact and then doing what it takes to develop, engage and retain them. Assign them to business-critical areas first. But monitor their level of happiness with their job and, as situations change, be ready to offer a different challenging assignment.
To learn more about how to deploy top talent, please download The Top 3 Research-Backed Ingredients for Talent Management Success
4 Keys to Keeping Talent Up to Date
Why Employees Change Their Mind
The Managing Virtual Teams program was extremely valuable. Your consultant/ facilitator’s fundamental knowledge of Synopsys as a company provided an incredible base to build upon while tackling the complications of managing and working with globally distributed teams. My team walked away walked away with highly useful practices and tools. It was an excellent use of our time.
Vice President, Information Technology
We consider LSA Global our outsourced learning and development partner. We worked closely with LSA to customize a management development program to meet our growing business needs. I would highly recommend LSA to any company wanting to deliver quality learning solutions.
Vice President Human Resources
LSA provided top notch solutions right when and how we needed them. They exceeded my expectations from a speed, quality, and cost standpoint. I recommend them to anyone looking for a true business partner in the Learning and Development arena. The breadth and depth of their expertise has helped us hit tight deadlines across multiple projects.
Fortune 500 Financial Services Company
Director of Infrastructure & Technology
We engaged LSA to design and deliver a 6-month custom executive coaching program for a group of our key leaders. The focus of the program was to help a core group of senior leaders to leverage previous investments in management training, to ensure the engagement and retention of key employees, and to push critical strategic initiatives forward. Even with the high expectations of our senior people, LSA has completely exceeded our expectations. I would recommend them to anyone looking to create and implement a custom coaching methodology using proven tools to drive true change.
Senior HR Manager - Staffing, Training, & Development
The refreshing thing about LSA is that they focus on understanding our business situation and helping me succeed instead of selling a product. With over 150 experts, they are an invaluable resource that helps me deliver higher quality results faster. I recommend them to anyone looking to improve the performance of their workforce.
VP of Human Resources
I’ve been associated with LSA for the last 8 years and have found them to be an extremely professional, well managed full service training organization. Since working with LSA, I’ve participated in a number of solutions ranging from Performance Management to Assertiveness Training – I’ve found that the quality of the resources is superior. They are well prepared and have definitely done a considerable amount of pre-work in order to customize our culture and business into the total learning experience – making it most beneficial for our employees.
Human Resource Manager
Congratulations on your pro-activity in establishing this program and developing such an effective New Employee Orientation course.
President and Chief Executive Office
Each program is preceded by an assessment of the participants. The course is then designed to fit the specific parameters and needs of the group. The highly interactive delivery is provided by recognized experts in their fields. On the spot coaching is provided during the program and each participant receives individual follow-up after the course. Courses can be delivered in-person or virtually. Given the nature of Cisco’s business and the way we operate, these remote workshops are a must for anyone who joins our company. Their work is eye opening. Great content and fantastic delivery.
Frank J. Kuypers
Business Development Manager
LSA Global’s consultant brought a fresh perspective to our behavioral based interviewing strategy for two key executive positions we needed to fill, and their consultant helped us develop questions that produced a much deeper understanding of candidates’ capabilities. I am confident that the two new executives joining our organization have the right skills to add significant value. Throughout the process LSA was also very responsive in dealing with short lead time requests.
Because of the unique nature of our business, Excel is a core application in our accounting organization. After three attempts to find an Excel consultant who is capable of helping our finance team integrate advanced applications into our work processes we found LSA and Alex. He was not only a “Real” Excel expert but was masterful in helping us identify where to use Excel applications in our processes to increase our group’s efficiency.
SPO Partners & Co
Kim Silva, CFO
We have been able to utilize LSA’s extensive network of top-notch resources to leverage our investment in employee development. The result has been the cost effective and highly efficient delivery of quality educational and management training programs.
Vice President, Human Resources
LSA’s approach and ability to bring the best resources to eBay has been a great asset. They really focus on helping us succeed in any way they can and are very flexible in meeting our management and talent needs.
Learning & Development
Harmonic has worked with LSA for over 8 years. We have found their partnership extremely beneficial. We recently implemented a Management Development Program that was designed and customized to support our company’s strategic initiative of hiring, building, and retaining key intellectual property and human talent. We worked closely with LSA to target and implement the right solutions with the greatest impact. I would recommend LSA to any company that’s looking for a trusted training and development partner.
Director of Human Resources
We have worked with LSA Global for our learning and development needs and have always had great success. They helped us recently with customized Management Workshops that we held for the second time. It was fantastic, and I would highly recommend LSA to anyone that is attempting to get immediate and impactful improvements.
HR Manager, BU Radiology Informatics
We recently contacted LSA Global to assist us with a unique training request. We gave LSA a very short deadline and LSA custom designed a training program to meet our exact requirements within the limited time allotted to them. We found their facilitator to be well versed in the subject matter and very credible; the design provided practical and valuable information to our team of managers. I highly recommend LSA Global, particularly in the area of management training.
Julaine K. Souza
Senior Vice President
Thank you to LSA Global for their partnership and support in helping us to design and roll-out our valuable management development training program. I personally have partnered with LSA Global at four of my previous companies. It continues to be a delight working with LSA. We look forward to partnering with them at Blackhawk Networks for future training and consulting needs.
VP Human Resources
Download key published insights and tools from industry experts highlighting best practices in the areas of talent, strategy and culture.
Want to know how you stack up against leading organizations? Receive a complimentary benchmarking analysis courtesy of an LSA Expert.
Get up to speed on timely solutions critical to your business. Published by LSA Experts based upon client feedback and key industry trends.
First we identify the key metrics you want to improve. Then we assemble a dedicated team of elite experts who have successfully solved similar problems with similar clients.
Stay up to do date with the latest information on how we help high growth companies align their culture and talent with strategy.
Real world consulting and training approaches from LSA projects, providing insights on how your company can outperform the competition.