McKinsey Quarterly recently published an article on why MNC's struggle to manage talent. Some of the very interesting findings of this study indicate that the biggest problem faced by MNC's is in moving their employees across geographies. So in effect organizations are practicing Globalization but when it comes to Talent, its Glocalization !!!
This made me think on how best organizations can leverage their talent globally . I present some thoughts below
1. Talent Visibility - Talent Visibility to the leaders is still a big challenge. Consider this, you have a top performer, he may be at best be known to your country or region management. What beyond that? How do you nurture and leverage this person more effectively across borders. Not many HR Organizations would have answer to this
2. Skills Development - Its essential for MNC's to focus on identifying top performers who they would want to train on cross culture issues so as to train them better for global roles.
3. Global Roles - A lot of times, organizations do not develop proper succession plans and therefore global leaders to be are left struggling. Proper Leadership identification and giving a feel of global roles to top talent is essential.
4.Talent Pools - HR Organizations should have complete visibility into the top talent of the each of their businesses across regions. There should be special focus dedicated to these specific groups.
5. Cross boundary exposure - This can be defined in as many ways but the focus is on ensuring that top talent gets international exposure in multiple roles. This is the best way to ensure that enough exposure is given and gives a person also enough challenges.
Having said this, all along this article I spoke about top talent, but what should be the measure to assess the same ? Potential or Performance ??
I believe a combination of both, however more stress on Potential would definitely help.
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