Reinventing Talent Management: How to Maximize Performance in the New Marketplace [Hardcover]

William A. Schiemann (Author), Susan R. Meisinger (Foreword)

Book Description

Publication Date: July 7, 2009

Praise for Reinventing Talent Management

"Bill Schiemann's book is a comprehensive presentation of the need to better understand, measure, and increase organizational people equity. It clearly transforms concepts that have historically been considered less tangible into actionable imperatives. Today more than ever, it's essential that leadership maximizes alignment, capabilities, and engagement within their organizations."
—Paul Schultz, President and COO, Jack in the Box Inc.

"Reinventing Talent Management has arrived just in time. Given the challenging times we face today, recruiting and retaining the very best people is now more important than ever. Bill has developed a unique innovative framework on how to do this, as well as provided a broad array of practical approaches to putting the theory into action."
—Keith Lawrence, Director, Human Resources, Procter & Gamble

"Reinventing Talent Management is an outstanding blend of research and practice. It reports compelling research on the value of investing in talent and offers specific recommendations on how to develop people equity through alignment, capabilities, and engagement. The book confirms what good people managers do and offers specific guidelines for those wanting to upgrade their people management skills."
—Dave Ulrich, Professor, Ross School of Business, University of Michigan, and Partner, The RBL Group

"Bill makes the case for reinventing talent management and tells us how to do it. The book is loaded with good examples and must-take actions that lead to a winning talent management strategy."
—Edward E. Lawler III, founder and Director, Center for Effective Organizations, Marshall School of Business, University of Southern California, and author of Talent: Making People Your Competitive Advantage

"Talent management certainly needs to be reinvented-this book does it! Read, learn, redo!"
—Dr. Richard Beatty, Professor of Human Resource Management, Rutgers University

"Reinventing Talent Management provides an accessible framework that offers pragmatic ways to better understand how investments in human capital and talent can be measured and linked to financial returns."
—Dr. John Boudreau, Professor and Research Director, Center for Effective Organizations, Marshall School of Business, University of Southern California

Editorial Reviews

From the Inside Flap

People—and the value they create—are the lifeblood of your organization.

Imagine having at your command a powerful new model for managing talent, one that creates measurable value, keeps people focused on agreed-upon goals, pinpoints capability needs, and enables you to manage talent so that everyone in your organization has the ability to continually contribute to your competitive success. At a time when the pressure to perform has never been greater, Reinventing Talent Management puts that model in your hands, discusses its use and impact on the key areas of talent management, and brings the discussion to life with an array of real-world examples. Anyone charged with driving performance up will profit from this book.

Today, a host of economic, cultural, technological, generational, and political forces are converging to change the way people and their organizations relate. It's time to pose tough questions and provide fresh solutions:

• What talent management factors influence one-third of your financial performance?
• Why are businesses losing an average of 20 percent of their customers to controllable talent factors?
• Why do some organizations have highly engaged employees in down economies, while some have employees who are disengaged even in good times?

The traditional methods of talent management are more likely to lead your organization to mediocrity than success. The healthiest businesses are those that have adopted new ways to manage talent and in the process build corporate cultures that unite people behind the singular goal of value creation.

Reinventing Talent Management presents a fresh and modern approach to talent management. By connecting value, strategy, and people, William Schiemann identifies three make-or-break factors that contribute to both organizational and individual success. These three factors—Alignment, Capabilities, and Engagement (ACE)—are keys to maximizing the value contribution of your people to your most critical organizational goals.

With Schiemann's breakthrough talent framework, you'll learn to identify, develop, and retain top talent, as well as create a workforce that is aligned with your organizational strategy, delivers superior products and services to customers, and is fully engaged in meeting your goals. With real-world examples, in-depth research, and powerful diagnostic tools, Reinventing Talent Management gives you resources to grow individual and organizational value in an increasingly competitive marketplace. 

About the Author

William A. Schiemann is CEO of the Metrus Group, an organizational research and advisory firm that specializes in evidence-based decisions regarding organizational and functional strategy, as well as talent management. His clients range from large global firms such as Hewlett-Packard, Johnson & Johnson, McDonald's, Novartis, Takeda Pharmaceutical, and Wal-Mart, to local and regional private, public, and nonprofit organizations.

Product Details

• Hardcover: 288 pages
• Publisher: Wiley; 1 edition (July 7, 2009)
• Language: English
• ISBN-10: 0470452269
• ISBN-13: 978-0470452264
• Product Dimensions: 9 x 6.3 x 1.1 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #517,242 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

5 of 5 people found the following review helpful:

5.0 out of 5 stars "Reinventing Talent Management - a must read book!, July 21, 2009

By 

Rogerio S. R. Medeir "Rogerio Medeiros" (Brazil) - See all my reviews
(REAL NAME)   

This review is from: Reinventing Talent Management: How to Maximize Performance in the New Marketplace (Hardcover)

"Reinventing Talent Management" brings the innovative concept of People Equity and its components (Alignment, Capabilities and Engagement) as the key to the business performance. The examples provided are very clear and based on many surveys and case studies. The objective and innovative tools and ideas developed in "Reinventing Talent Management" helped me to connect some "missing dots" of my professional activity. As an HR manager it's extremely important to manage talent in order to bring effectiveness to the business and this outstanding book is helping me on getting the most from the people I work with. It will certainly add value to many other readers.
It's fresh air to everyone interested in delivering more!

1 of 1 people found the following review helpful:

5.0 out of 5 stars "A New Perspective on Human Capital", March 2, 2010

By 

Lyle Hanna (Lexington, KY) - See all my reviews

This review is from: Reinventing Talent Management: How to Maximize Performance in the New Marketplace (Hardcover)

The approach the author takes in this book brings a fresh perspective to the development of talent. It is a refreshing departure from the singular focus on engagement which is prevalent in so much of the literature. While maintaining focus on employee engagement as one key element of talent growth, we are given a much more comprehensive view through the additional focus on alignment with business strategy and on capability to deliver against customer requirements. These three factors together contribute to what the author has called People Equity, thus underscoring the importance of investing in and growing the people asset. I particularly appreciated his treatment of the talent gaps that can occur, even in a high engagement environment. I was aware of this concept prior to publication of the book, and found it so powerful that I adapted the term for my own business--The People Equity ExpertsSM --to indicate our commitment to building value through human capital.
The author thoroughly covers People Equity concepts in the first chapters of the book, and then follows with several chapters that delve into how those concepts impact specific aspects of talent management. The writing style--interspersing explanation, anecdote and examples from executive interviews--makes for enjoyable reading, and keeps the idea that much more memorable. I highly recommend this book to anyone who is looking for new perspectives in talent management!

1 of 1 people found the following review helpful:

5.0 out of 5 stars Effective and easy read, July 30, 2009

By 

Kozlova Yelena "Yelena Ogan" (Chicago, IL USA) - See all my reviews
(REAL NAME)   

This review is from: Reinventing Talent Management: How to Maximize Performance in the New Marketplace (Hardcover)

This book has been a perfect blend of both the academic research and practical models. It incorporates theories from decades of research in talent and performance management and applies them to today's workplace. The author reflects on the current economic crisis and the role Human Capital or rather People Equity (term I really like explained in the book) plays. One might think that talent retention and talent management are not as vital as other issues organizations are currently challenged with in tough economy. However, the author "opens up your eyes" to the consequences of not devoting time and resources on talent retention and management programs.

I have really enjoyed the holistic and thorough ACE (alignment, capabilities, and engagement) analysis. Other authors seem to overlook alignment and capabilities of talent and solely concentrate on engagement which does not produce most effective results. I would also like to highlight that the author speaks about People Equity as part of the organization's score card and guides the reader through an easily comprehensible analysis of return on investment.

Overall, it is an easy read: not dry at all as the author's personality and humor supplements recommendations, ideas, research and theory.