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Outperforming your Competitors Using a Talent to Value Approach

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McKinsey wrote this great article regarding Linking Talent to value that is a great read for any executive trying to build and sustain high performance teams.

https://www.mckinsey.com/business-functions/organization/our-insights/linking-talent-to-value

The shift in thought process is to not see the executive team as the only place in an organization to find the most important positions. Using a talent to value approach you are identifying the most crucial positions to your organization at all levels.

“The leaders at such companies understand that reallocating talent to the highest-value initiatives is as important as reallocating capital. This is not an annual exercise: it is a never-ending, highest-priority discipline. In a survey of more than 600 respondents, we found the talent-related practice most predictive of winning against competitors was frequent reallocation of high performers to the most critical strategic priorities. In fact, “fast” talent reallocators were 2.2 times more likely to outperform their competitors on total returns to shareholders (TRS) than were slow talent reallocators.1” McKinsey & Company

Look at the roles themselves not at the individuals in the roles. Find the critical roles as opposed to looking at the top performers in the roles themselves. Once the critical roles have been determined, a better understanding of the kind of leaders needed to meet goals become clearer. “This kind of proactive linkage of talent to value must be the new normal for business leaders.”

 

 

 
 

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