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Can a talent market work inside organizations?

I'm free to do what I want any old time. Lyrics from I'm Free - (M. Jagger/K. Richards)

Lately, I've been hearing this old Rolling Stones standard from the Sixties as a part of a television commercial for some brand of financial services targeted at Boomers with bloated bank balances (regretably only a half-accurate description of me). While this ad ......

Full article >>> atively little is allocated to making sure their skills and knowledge are continuously developed and agilely deployed to the most appropriate opportunities throughout the organization.

Instead, people get stranded on functional islands - finance, IT, marketing, or out in a business division or regional unit. Little information is shared across these boundaries; indeed no one at all may ha......

Full article >>> ompanies deem they are needed most should be replaced with models that "pull" knowledge and talent.

Bringing the market inside the hierarchy

Talent marketplaces already exist in many legal and professional services firms, as well as in academia and within the R&D units of large corporations. According to McKinsey, they operate following informal rules of conduct and gene......

Full article >>> tary factors such as the nature of assignments, opportunities for growth, and duration, etc.

To make the market work, consistent definitions of roles and qualifications, as well as standardized and comparable performance evaluations, are needed. The authors cite the U.S. military as an organization that has implemented a system of standardized role and qualification definitions that allo......

Full article >>> to another department on the next floor.

This "stay-put-or-leave-the-company" approach may be all well and good if you are in a business with little change and lots of cheap, easy-to-replace labor. But if you are competing, as most companies increasingly find themselves doing, on skills and brain power, then allowing talent - all of your talent - the freedom and mobility to move into new......

Full article >>> and capabilities are transforming the workplace. He helps individual leaders and teams to create Next Generation Workplaces.

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'"/> By Tony DiRomualdo 12/05/06

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