Remember the Sorcerer’s Apprentice in the award-winning 1940 Disney film Fantasia that has captivated audiences ever since? Mickey Mouse played the role of the apprentice whose task was to keep a water reservoir filled by carrying buckets of water from a fountain up an arduous stairway. While watching the Sorcerer perform his magic, Mickey got the brilliant idea of creating his own sorcery. When the Sorcerer left for a rest, Mickey donned the Sorcerer’s hat and cast a spell over a broom that sprouted arms and at Mickey’s instruction began to carry water to the reservoir. The scheme was working so well that Mickey took a nap while the broom continued its labor.
Awakening to a flood, Mickey panicked, took an ax to the broom splintering it to oblivion, or so he thought. Mickey retreated to rest from the stressful disaster, only to witness in horror that the scattered splinters became animated brooms and formed a relentless water bucket brigade. As the flood intensified, the Sorcerer appeared and summarily ended the destruction of the rogue broom labor force. Mickey sheepishly returned the Sorcerer’s hat, retrieved his buckets and climbed the stairs to resume his assigned task.
The Moral of the Story
Disney may not have intended any deep meaning to this fascinating fantasy, but it certainly left a lasting impression on me the first time I saw it as a young child! An obvious lesson: “Be careful what you wish for!” Or perhaps, ”stick to basics as inventive strategies may backfire.” Or “leave the inventing to the Sorcerer, i.e. the boss!” Seriously, this captivating apprentice story may well demonstrate valuable lessons on effective talent management.
Talent Management Matters
The first lesson is that talent management (TM) impacts the bottom line. The Sorcerer may have thought his apprentice, Mickey, understood his task parameters, but obviously not! He envied the power of the Sorcerer and presumed he could perform just as well in his place. He thought all he needed was that peaked hat! Disaster ensued and the flood was the costly result.
Mickey also discovered that a robotic labor force does not always improve performance. While technology and automation offer important resources and systems to integrate TM, they must be part of a strategic plan and well thought out to anticipate pitfalls before implemented.
Finally, Mickey discovered that innovating without communicating with leadership can cause chaos. Organizations that seek innovative workforces must have effective TM in place to incentivize, manage, and strategically implement innovation to achieve desired results.
McKinsey Global Survey
The 2018 McKinsey Global Survey on Talent Management confirms these lessons and many more related to the value of effective talent management. “According to respondents, organizations with effective talent-management programs have a better chance than other companies of outperforming competitors and, among publicly owned companies, are likelier to outpace their peers’ returns to shareholders.” In fact, 99% of respondents who considered their TM processes effective, stated that they improved overall performance. That is compared to only 56% of all other respondents with varying levels of TM effectiveness. The survey also reveals that the benefits of effective TM:
- Are cumulative
- Impact the ability to attract and retain talent
- Contribute to increasing total returns to shareholders for public entities
These bottom-line results are compelling.
TM Effectiveness Drivers
The survey identified practices that most impact the effectiveness of TM. The top significant driver is Rapid Talent Allocation which is highly linked to deployment of talent based on skills needed; respondents were 7.4 times more likely to report Rapid Talent Allocation when talent was assigned based on skills needed. Also impacting Rapid Talent Allocation is executive team involvement in TM with quarterly reviews.
The second key driver is HR’s involvement in the Employee Experience across the talent cycle; when HR aligns with business priorities and deploys talent to support those priorities the Employee Experience is significantly improved. Strongly related is the third driver is a Strategically Focused HR team that works in close collaboration with top leadership.
Veronica Delgado, Sr. Vice President, Global Human Resources & Workforce Development, Universal Weather & Aviation, Inc., shared, “Harrison Assessments is integral to our strategic TM, succession planning and leadership development processes. In addition, Harrison’s cost-effective benchmarking capability has proven a valuable resource for predictive selection in a key position. In a prior organization, I led implementation of career development for employees and leadership using Harrison’s flexible and informative reports. In every application across the talent cycle, the ROI for Harrison Assessments is excellent.”
Predictive Talent Analytics Enables Effective TM
The lessons of the Sorcerer’s Apprentice fantasy are corroborated by the McKinsey study validating the importance of:
- Deployment of talent based on skills
- Positive employee experience
- Strategic HR Team — TM linked to business priorities
Predictive talent analytics is an essential enabler for each of these drivers. For efficient deployment of talent based on skills, analytics provides the predictive data to ensure fit to position, team, culture, and boss. When analytics are implemented as an integrated system across talent processes, the capacity to link effectively to business priorities is significantly enhanced. Additionally, when accurate behavioral analytics are applied to hiring, onboarding, career development, leadership development and succession planning, then employee expectations are more readily achieved, positively impacting engagement and retention.
Best-in-class Decision Analytics
Harrison Assessments’ comprehensive talent analytics and behavioral assessment system achieves all of these objectives with high predictability. Assessing 175 traits and competencies, with research on 6500 position success templates, and a wide range of reports for solutions across the talent cycle, Harrison Assessments is uniquely positioned as the best-in-class decision analytics system.
Enhancing Harrison Assessments’ value proposition are the capacity to:
- Customize and benchmark templates for positions and competencies
- Assess eligibility, quantitative thinking, as well as behavioral suitability
- Identify derailers using Harrison’s proprietary Paradox Technology
Finally, Harrison’s comprehensive solutions are applicable across industries, functions, organizational levels, and talent management applications.
Unlike the chaotic magic of the Sorcerer’s Apprentice, Harrison Assessments’ performance-based behavioral assessment system enables organizations to achieve effective talent management with highly predictive, flexible, and valid analytics. Accelerate your integrated talent strategies and experience the bottom line results of high performing organizations with effective talent management enabled with predictive decision analytics.
Dawson Consulting Group is a Harrison Assessments Solutions Partner for Texas and Arizona.