Issue 11 | Summer 2009
Global talent innovation
Strategies for breakthrough performance
by DeAnne Aguirre, Laird Post and Sylvia Ann Hewlett
With this high-visibility Viewpoint, Booz & Company is inaugurating its leading-edge partnership with the Center for Work-Life Policy, a think tank based in New York that is headed by human capital expert Sylvia Ann Hewlett.
Managing talent well creates value for companies—that’s the bottom line. To remain competitive, particularly in difficult times, they must cut costs while also seizing future advantage by revamping their talent management strategies and developing more innovative value propositions, in line with the changing demographics of a more mobile, diverse, and global workforce. Yet talent management paradigms remain trapped in the 20th century—assuming that corporate employees will still work among people of similar backgrounds with inflexible hours and step-by-step career paths.
The Booz talent team shows how to maximise the impact on business results by applying a comprehensive approach with four components: differentiated capabilities (focusing on the talent required to build capabilities that distinguishes a company from its competitors); performance acceleration (raising the game by improving talent processes to enhance accountability and meritocratic decision-making); leadership development (using better approaches to building talent and capability from within); and a talent culture (improving organisational design and other practices to enhance organizational performance and employee engagement).