Discussion: Stakeholder Buy-In
For a talent management initiative to be successful, it must have support from its stakeholders. Talent management initiatives can be costly for the organization. The upfront costs of consulting, implementation, or investments in software/hardware might seem expensive. If stakeholders are not convinced that these initiatives will add value to the organization, they probably will not support it. Gaining stakeholder buy-in will increase the chances that they will remain involved and support the initiative throughout its duration.
For this Discussion, suppose you work for an organization in which the stakeholders are not convinced that talent management initiatives are important to the success of the organization.
You will post a cohesive and scholarly response based on your readings and research this week that addresses the following:
• What might you tell stakeholders regarding the relationship between organizational strategy and talent management initiatives?
Be sure to support your answers with appropriate resources and examples from the literature.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.
Reading assignments
Silzer, R., & Dowell, B. E. (Eds.). (2010). Strategy-driven talent management: A leadership imperative. San Francisco, CA: Jossey-Bass.
Chapter 1, "Strategic Talent Management Matters"
This chapter explores the importance of talent management. It discusses the business outcomes and strategic values that talent management can have for an organization.
Chapter 2, "Building Competitive Advantage Through Integrated Talent Management"
This chapter defines talent management. It discusses integrating talent within the organizational strategy in order to gain a competitive advantage.
Johnson, M. (2010). Honing a talent for retaining talent. Financial Executive, 26(5), 20-24
King, J. (2010). IT Careers 2020. Computerworld, 44(16), 14-19.
Ready, D. A., & Conger, J. A. (2007). Make Your Company a Talent Factory.