The Talent Management Machine: Are We Just Ticking Boxes? with Marc Effron

The Step UP - Where Leaders, Talent Managers and Leadership Development pros find expert tips for Leadership excellence

Marc founded the Talent Strategy Group and advises the world’s premier companies, governments, foundations, NGOs and not-for-profit organizations. He is regarded as a trusted counselor to organizations on their most sensitive talent issues.

He co-founded the Talent Management Institute, now the world’s most popular executive education program on talent with 7,000+ graduates. He co-authored the Harvard Business Review Publishing best-seller One Page Talent Management and 8 Steps to High Performance. His prior corporate experience includes executive HR roles at Bank of America and Avon Products. His prior consulting experience includes starting and leading the Global Leadership Consulting practice at Aon/Hewitt.

We dive into the nitty-gritty of talent management, tackling the real talk about upskilling and reskilling in today’s job market. It’s a wild ride out there, and while everyone wants to jump into new roles, the reality check is that not everyone’s cut out for it—especially when they’re up against seasoned pros like Susie, who’s been rocking graphic design for a decade. Our guest, Mark Efron, breaks it down for us, highlighting that while the concept of shifting jobs sounds peachy, the practical application is a whole other beast. We also get into the importance of operationalizing talent processes so they actually work instead of just looking pretty on paper. So grab your headphones and let’s get into the nitty-gritty of how to not just keep up with the times but actually thrive in them!

Exploring the landscape of talent management these days is like diving into a wild ocean of change, where every wave brings new challenges and opportunities. Mark Efron, the big cheese at the Talent Strategy Group, joins us for a deep chat about what’s cooking in the talent space. We kick things off by discussing the heightened interest from CEOs and boards in attracting top talent, which is music to our ears. After years of being sidelined, talent management is finally getting the spotlight it deserves. But hold your horses! While the demand for talent is skyrocketing, there's a bit of a hiccup on the supply side. People are starting to rethink what it means to be a high performer. The pandemic has shaken things up, making folks evaluate their work-life balance and question whether they really want to climb that corporate ladder. This shift means that companies must think creatively about how they engage and retain their employees. We dive into the nitty-gritty of talent management: how do we bridge the gap between the skills that are in demand and the people who possess them? Efron emphasizes that skilling and reskilling are essential, but it’s not all sunshine and rainbows—implementing these changes is easier said than done. We also touch on the importance of operationalizing talent management processes so that they don’t just exist on paper but actually yield results. If you're in the talent management game or just curious about how companies are tackling these issues, this episode is packed with insights that could make your head spin in a good way!

Takeaways:

• Mark emphasizes the importance of clear deliverables for high-performing teams and regular check-ins to ensure everyone stays on track.
• There’s a growing demand for great talent, but the supply side is struggling as many potential high performers opt out of traditional career paths.
• Upskilling and reskilling are hot topics, but they come with real-world challenges that can make implementation tricky in any organization.
• AI has potential in talent management, especially in goal setting, but its effectiveness will largely depend on the quality of data used.
• Leaders must build strong relationships to increase their influence, not just rely on technical skills and data-driven decisions.
• The concept of critical roles in organizations needs a careful approach; it's essential to ensure the right people are placed in roles that truly matter.

Links for today's show:

• Marc Effron's Linked In Page
• Talent Strategy Group
• Kent's Linked In Page
• Promoted Leader Playbook

**Music for this podcast comes from the song Needle & Thread and is provided with permission by Pert' Near Sandstone. Check them out on PertNeaerSandstone.com and on all major streaming platforms.**

*Editing by Fynn Gentle / www.fynngentle.com