TALENT MANAGEMENT INDEX
The basis of the Talent Management Index® is the concept of Organizational Maturity – along the maturity levels of organisations. The model assumes that professionally managed organisations go through consciously created development levels in order to cope with external and internal challenges. This successive perfection is specifically and strategy-oriented shaped by the ones responsible.
The Talent Management Index® was adapted to our basic model. It underlies the normative approach that an organisation with a strategic approach is more mature than an organisation that reacts intuitively. This systematic measures therefore the quality of the strategic alignment of Talent Management. The results thereby become directly comparable.
The Index is the result of a questionnaire which consists of a mix of qualitative and specific quantitative elements. The fundamental structure lies on three dimensions of Talent Management: Strategy, Operations and Methodology. Each dimension is characterised by different individual elements (14 in total) which in turn are respectively divided into four maturity levels:
In general we can conclude that the large number and heterogeneity of the participants of our study allows us to give a good overview of Talent Management concepts, instruments and methods. The feedback by our interview partners also very critical reports consistently confirm the validity of our measurement instrument. The identified Indices are considered as informative and accurate when evaluating their Talent Management concepts.
Framework of the Maturity Levels in Talent Management
Talent Management Study
Best Practice in Talent Management
For some Talent Management is a highly present, controversial and emotional topic. For others Talent Management is just another overrated "buzz word". And then again others just bury their head in the sand hoping that everything won't go as bad after all. Many talk about Talent Management but do they all really mean the same thing? In the end it's all about human resources risk management: how do organisations prepare themselves for demographic changes, shortage of potential successors, growing independence of knowledge carriers or increasing cost pressures?
The "Talent Management Index®“ is an international research study conducted cooperatively by the University of Innsbruck and the Transformation Management AG. The study targets to help us better understand the real and diverse conditions of the current state of Talent Management. Our goal is to respond to a question asked by the Head of HR of a large German enterprise: "...does it really pay off?". Such a question only arises when you already believe that things are going the wrong way.
There are two target groups that interest us: firstly, the stock market listed organisations in Europe, with particularly attention to the innovation power houses of Germany, Austria and Switzerland. Additionally, we have included further commercial enterprises, so-called "Hidden Champions".
But focusing on Talent Management only from the perspective of commercial organisations may miss out on other very interesting approaches. Consequently, we are also addressing a second target group. It includes educational institutions, non-profit organisations and sports and cultural associations. Results already reflect their specific challenges and uncover significant learning potentials for businesses.
We concentrate on the analysis of strategic alignment, economic and organisational challenges, concrete measures, impact and last but not least the future perspectives of Talent Management.