{"id":8123,"date":"2021-03-03T11:02:52","date_gmt":"2021-03-03T16:32:52","guid":{"rendered":"https:\/\/ustechsolutions.com\/?p=8123"},"modified":"2023-02-10T04:33:24","modified_gmt":"2023-02-10T10:03:24","slug":"total-talent-management-ttm-reinvents-talent-on-demand","status":"publish","type":"post","link":"https:\/\/ustechsolutions.com\/total-talent-management-ttm-reinvents-talent-on-demand\/","title":{"rendered":"Total Talent Management (TTM) reinvents talent on demand\u2014at least it does when talent leaders could be bothered with it"},"content":{"rendered":"\n[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>3-minute read<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>As a Talent Leader, how do you fix it? The challenge of filling vacancies with the best fit talent by harnessing ALL of the available channels to talent? Some say Total Talent Management is the solution. But if that\u2019s the case, why are many organizations still not adopting it?<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<h2>Sourcing talent (or should I say \u2018jobs\u2019?) on-demand<o:p><\/o:p><\/h2>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>Few larger organizations have less than 10% of their workforce vacancies open at any one time. In areas like scientific, technology and analytical roles, in 2020 that figure was much higher.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>That\u2019s why so many organizations are prepared to take meetings to learn about Total Talent Management (TTM). TTM is about unifying decision making and execution of talent demands through a holistic approach that binds full-time contract and contingent hiring processes into one. It\u2019s also about formalizing the governance framework so that accountability and responsibility for sourcing talent falls under one decision making body within the enterprise.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>Here\u2019s how industry analyst firm SIA <a href=\"https:\/\/www2.staffingindustry.com\/Research\/Research-Reports\/Americas\/Total-Talent-Management#:~:text=Total%20Talent%20Management%20refers%20to,even%20acquiring%20a%20robot%2C%20etc.\"><span>defines TTM<\/span><\/a>.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; column_structure=&#8221;3_5,2_5&#8243;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;3_5&#8243;][et_pb_image src=&#8221;https:\/\/ustechsolutions.com\/wp-content\/uploads\/2021\/02\/AdobeStock_309421440.jpg&#8221; _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; title_text=&#8221;AdobeStock_309421440&#8243; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;][\/et_pb_image][\/et_pb_column][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;2_5&#8243;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<h2>The link between TTM and talent on-demand<o:p><\/o:p><\/h2>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>One of the greatest challenges talent leaders face today is the fact that many resourcing roles are automatically handed to outsourcers, or IT, or to HR (to hire full-time contracted employees), without first going through an appropriate triage and decisioning process that answers the question: \u201cWhat\u2019s the best way to get this \u2018job\u2019 done?\u201d<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>Hiring managers in many firms just \u2018assume\u2019 if they have work to be done, their go-to solution is to speak to HR about hiring another person in a full-time role. The hiring manager is afforded more decision making dexterity than they should perhaps be allowed. After all, how is a hiring manager meant to fully appreciate the possibilities open to them for work resourcing that comes from technology automation, third-party knowledge platforms, gig-working portals, Statement-of-Work contractors, or contingent workers?<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>When a Total Talent Management approach is installed, every resourcing need passes through a triage where \u2018the organization\u2019 decides what is the best way to get a job done. The reward for the hiring manager is that jobs get done faster, because the \u2018people, process, technology and data\u2019 ecosystem that underpins any Total Talent Management implementation means firms can hire out jobs on-demand.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>Channels include <strong>direct sourcing<\/strong> of talent through online job boards and portals (allowing brands to reach out to their online socially connected audience), <strong>micro-task<\/strong> outsourcing services, <strong>crowd-sourcing knowledge<\/strong> portals, and <strong>procurement platforms<\/strong> along with their associated procurement instruments like competitions, auctions, sealed bids, statement-of-work contracts, etc.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; column_structure=&#8221;3_5,2_5&#8243;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;3_5&#8243;][et_pb_image src=&#8221;https:\/\/ustechsolutions.com\/wp-content\/uploads\/2021\/02\/AdobeStock_330295160.jpg&#8221; _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; title_text=&#8221;AdobeStock_330295160&#8243; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;][\/et_pb_image][\/et_pb_column][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;2_5&#8243;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<h2>Challenges to TTM that lay ahead &#8211; Does your HR function have the sponsorship and DNA for a TTM approach?<o:p><\/o:p><\/h2>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>SIA research supports the argument that many firms aren\u2019t yet interested in taking a \u201cTotal Talent Management\u201d approach forward. And even if they are interested, overwhelmingly they are not willing to do so.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>Standards of governance for the management of a workforce across industry remains, disappointedly poor. Remarkably, (according to the same <a href=\"https:\/\/www2.staffingindustry.com\/Research\/Research-Reports\/Americas\/Total-Talent-Management#:~:text=Total%20Talent%20Management%20refers%20to,even%20acquiring%20a%20robot%2C%20etc.\"><span>SIA report<\/span><\/a> mentioned above) it\u2019s still the case today that 20% to 30% of organizations don\u2019t know how many workers they have, the number of open positions, tenure, or total labor costs.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>Appetite for change is low. While slightly more than half of organizations (54%) want to see a \u2018combined view\u2019 of talent (employees and non-employed workers) in nearly half of organizations (46%), <a href=\"https:\/\/www2.staffingindustry.com\/Research\/Research-Reports\/Americas\/Total-Talent-Management#:~:text=Total%20Talent%20Management%20refers%20to,even%20acquiring%20a%20robot%2C%20etc.\"><span>the perception is that HR and Executive leadership are indifferent or not interested<\/span><\/a>.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p>The chief adoption hurdle comes from issue of sponsorship. The siloism of organizations, and the \u2018comfy status quo\u2019 this results in, has a habit of distinguishing any spark of innovation. Leaders of IT, procurement and HR, each of which are remunerated for departmental performance, and having their own long list of operational matters to attend to\u2014well, they don\u2019t see a great personal reward for overcoming the organizational design and institutional hurdles that must be resolved before any TTM agenda can be put in place.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p>3-minute read As a Talent Leader, how do you fix it? The challenge of filling vacancies with the best fit talent by harnessing ALL of the available channels to talent? Some say Total Talent Management is the solution. But if that\u2019s the case, why are many organizations still not adopting it? Sourcing talent (or should I say \u2018jobs\u2019?) on-demand Few larger organizations have less than 10% of their workforce vacancies open at any one time. In areas like scientific, technology and analytical roles, in 2020 that figure was much higher. That\u2019s why so many organizations are prepared to take meetings to learn about Total Talent Management (TTM). TTM is about unifying decision making and execution of talent demands through a holistic approach that binds full-time contract and contingent hiring processes into one. It\u2019s also about formalizing the governance framework so that accountability and responsibility for sourcing talent falls under one decision making body within the enterprise. Here\u2019s how industry analyst firm SIA defines TTM. The link between TTM and talent on-demand One of the greatest challenges talent leaders face today is the fact that many resourcing roles are automatically handed to outsourcers, or IT, or to HR (to hire full-time [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8124,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[84],"tags":[],"class_list":["post-8123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gig-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Total Talent Management (TTM) reinvents talent on demand\u2014at least it does when talent leaders could be bothered with it - USTech Solutions<\/title>\n<meta name=\"description\" content=\"The challenge of filling vacancies with the best talent. 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