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Total Talent Management: The Journey has just started

‌The fast changing nature of work, fueled by technology disruption has led to a dire shortage of people with relevant skill sets. As a result, organizations now a days, are not really concerned about the type of talent they want to engage (it can range from temp worker to IC to an SOW worker), but on the skill set that they bring in. This is nothing new but, Total Talent Management (TTM), which has been the buzz word in the HR circles for past many years. It has been touted as the silver bullet which will solve for all talent related challenges of the organization, particularly talent shortage.

While TTM promised immense benefits, there was nothing concrete happening in terms of achieving TTM. However, in the last 12-18 months, things have changed considerably for the positive. There are changes underway at large organizations which will enable them to focus on bringing in the right skill set at the right time. These changes include reorganization in the HR and procurement department and having a specialized team of stakeholders from both departments to operationalize the  total talent acquisition strategy. The other major change is in terms of technology where the standalone ATS and VMS capabilities are being combined augmented by analytics to make right decisions about the skill set requirement concerning a particular business need and the kind of talent best suited to meet those needs. However, the most important change that has happened is in terms of the mindset change where senior stakeholders across the organization are willing to look at all talent related decisions in a holistic manner.

These are encouraging signs for the proponents of TTM and also for enterprises looking to leverage the benefits of having a holistic approach to talent management. However, these enterprises have just started and will face multiple adversities in their quest to achieve TTM. It will be interesting to see how they traverse through these challenges and how the different aspects of their TTM solution evolve through out their journey. Stay tuned as I update you on these organizational journeys and also discuss additional elements of the TTM equation.

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