THE FIRM'S TALENT PHILOSOPHY
TALENT PHILOSOPHY
a system of beliefs about how a firm's employees should be treated
HUMAN RESOURCE STRATEGY
the linkage of the entire human resource function with the company's business strategy
STAFFING STRATEGY
the constellation of priorities, policies, and behaviors used to manage the flow of talent into, through, and out of an organization over time.
An organization's talent philosophy is a system of beliefs about how its employees should be treated. Typically shaped by its founders, it reflects how an organization thinks about its employees. For example, some organizations view employees as partners and key stakeholders in the company, whereas others view employees as more expendable and easily replaceable. A company's business strategy can also influence how a company interacts with its employees, which then affects how it decides to manage the movement of people into, through, and out of the company.
A firm's human resource strategy links the entire human resource function with the firm's business strategy. Strategic human resource management aligns a company's values and goals with the behaviors, values, and goals of employees and influences the substrategies of each of the firm's human resource functions, including its staffing, performance management, train¬ing, and compensation functions. The alignment of these separate functions creates an integrated human resource management system supporting the execution of the business strategy, guided by the talent philosophy of the organization.
An organization's overall staffing strategy is the constellation of priorities, policies, and behaviors used to manage the flow of talent into, through, and out of an organization over time. An organization's talent strategy thus encompasses its approaches to acquiring, deploying, and retaining its talent, and the choice of jobs to which it devotes greater or lesser resources. A firm's staffing strategy ultimately reflects its business strategy, human resource strategy, and talent philosophy. We next look more closely at how a company's talent philosophy shapes its staffing strategy.
If not created intentionally, a firm's talent philosophy evolves on its own as the personal values of high-level managers are expressed in their hiring and talent management decisions and actions. Over time, these values and perspectives become those of the organization. Johnson & Johnson's articulates its talent philosophy as part of the company credo.