Are you a talent magnet?
Posted by Justin Field on May 26, 2009
I was reading materials on performance management and came across the concept of being a talent magnet. We know that we want to retain top talent and we do a lot of good things to keep high potential / high performers in the organisation. But taking the organisation perspective, and particularly the manager perspective, do you, as a manager have a good track record of retaining high potential / high performing employees? Are you a talent magnet?
A manager who is a talent magnet will, over time, develop a reputation for leading high performance teams and for developing and retaining key employees. The organisation will know this and respect them for this.
Managers who lose talent, or who develop a reputation for driving talent away from their teams, will naturally end up with mediocre or low performing teams.
I am hoping that we can find a good way to measure this, as a talent metric: talent magnetism. If you have a good idea of developing a metric for this, leave a comment on this post. Personally I am thinking about the rate of loss of top talent, over a five year period (or some similar rolling average). I think a long time frame, like five years, is really required in order to see the true trend regarding a manager’s track record.