Talent Management is specific to industry segment

jason.averbook — Mon, 25 Feb 2008 03:46:30 GMT

Knowledge Infusion works with organizations from over 15 industries on a weekly basis. One of the core components of our strategy is to never look at Talent Management through a single lens. Talent Management is has specific industry characteristics that MUST be taken into account when addressing all aspects of people, process and technology.

I am attaching an interesting link from Tulsa World as we have many clients in the Energy and Oil/Gas sectors. A few highlights from the article:

More than half of Devon's 5,000 employees are near retirement, and the company and others are fighting for the next generation of energy professionals.

"There is a real significant war for talent," said Frank Rudolph, senior vice president of human recourses.

Two years ago, Tulsa-based Oneok Inc. found itself back on college campuses actively recruiting students. The gas company has also attracted seasoned professionals whose skills transfer to the energy industry. "We're always looking for someone because we have a work force that is turning over," said David Roth, Oneok's senior vice president of administrative services. "We have a lot of people in that retirement window."

At any given time, Roth said, the company is attempting to fill some 250 positions left open by employees who have either retired or otherwise left the company.

"Pay is no longer going to be a differential in the industry," Rudolph said. "We're going to pay you extremely competitively, but also look at what kind of company you
can join."
Roth said candidates also look carefully at company stability and benefits. "We encourage people to think about their careers . . . and career potential," he said. "There's a lot of that at Oneok."

This is a great article specific to an industry that is similar to most in the war for talent. How do these people recruit? How do the develop? How do they pay?

Those are the true challenges that need be addressed with a talent management strategy. A simple technology deployment won't cut it.

Knowledge Infusion will be with many of it's clients at the Dallas IHRIM Talent Management Expo on March 6th, 2008 in Texas. We look forward to seeing you there!!

Another infusion of knowledge...

Link to article

Knowledge Infuser

Talent Management is specific to industry segment