GROWTH
CASE STUDY / Talent Review
Using a Talent Review as Strategic Leverage for Future Success
An organization's success greatly depends on its people.
Still, many underutilize the competitive advantage that a strategic talent assessment can provide.
One global financial company underwent a talent review to determine if their workforce of today was capable of meeting their objectives of tomorrow.
The assessment unveiled vital answers — along with multiple, mission-critical blindspots that, left unaddressed, would have jeopardized the organization’s entire talent strategy.
+ Risk Analysis, Change Management, Organizational Design & Development
At a Glance
THE PROBLEM
A global financial organization faced pressing technological advancements, leaving their workforce at risk of being obsolete. This posed a significant challenge as outdated skills would lead to stagnation and decline in the face of market changes.
THE MISSING PIECE
A comprehensive examination of the current workforce’s skills and capabilities was needed, as well as a clear vision of future talent required. Without these insights, the organization lacked the foundation for effective strategic planning.
THE SOLUTION
A strategic talent review was conducted. The results verified and detailed the need of six new talent profiles, exposed multiple, mission-critical blindspots and revealed the necessary steps of a new and effective talent strategy. A strategy map was crafted, paving the way for the highest transformational success.
Visual Summary
CASE RESULTS
KEY TAKEAWAYS
Understanding Your Current Talent Determines Your Future Success
To build the most effective workforce, the organization needed a firm grasp on their current talent's capabilities — a crucial step in finding the right paths to meet their new objectives.
Your Recruiting & Leadership Strategy Matters Just as Much as Your New Talent
The talent review revealed unanticipated risks in recruiting and leading the new profiles. It was crucial to understand their needs, offer appropriate support, and ensure adaptability in a new environment in order to effectively attract, manage and retain them.
Assumptions Rarely Stay the Same as the Situation is Examined
The organization may have faced failure when shifting objectives without this talent review. Initially, it was thought that the existing workforce could meet these new goals, but the review found large skill gaps in their current talent indicating this was not the case.