Executive Learning Network 24 June 2011 Global Talent Management Combining individual and organisational views Professor Michael Dickmann Components of effective global management Global Manager (Personal Attitudes and Characteristics) Business/Technical Knowledge Conceptual Strategy/policy Capital markets Systems analysis Marketing, etc Practical/Specific Product knowledge Accounting procedures Computer systems Planning techniques Production methods, etc. Business/Technical Business/TechnicalSkills Skills Cultural Knowledge Conceptual Dimensions of culture Role and impact of culture • Self-awareness (ourselves) Culture awareness (others) Culture shock Practical/Specific Mexico, France, Japan, United States, Canada Indonesia Italy, China Russia, Kenya, Brazil, Bangladesh, etc. Cross-Cultural Cross-Cultural Communication CommunicationSkills Skills Situational Knowledge Issues Practical/Specific Entering new market Social, Creating joint venture economic, Selecting partners political, and Negotiating legal Managing expatriates information for Environmental protection a given Questionable payments country Selecting and training a workforce Working in multicultural teams, etc. Experience Experience Effective Management Action Source: Lane, H.W.; Distefano, J.J.; Maznevski, M.L. (1997), International Management Behaviour, Blackwell. Two perspectives on global talent management Organisational perspective Individual perspective IM Organisational and individual considerations pre-assignment Organisation: Key value areas of international mobility Assignment profile Business drivers Challenges to HR Short Term Business Needs • Skills shortage • Rapid deployment Long Term Business Needs • Knowledge Transfer • How do you get knowledge • Control and Coordination and coordination pay back? Strategic Business Needs • Career development • Global Leadership • How do you hit the ground running? • How do you leverage the talent you invest in? Individual Mobility Drivers Career & Development Professional development Career impact Work/non-work balance Social capital Monetary Job factors expatriation deal Individual Non-monetary interests and expatriation drives package Categories of Influence Family and Nature partner Culture Considerations History Centrality/ for others Security reputation for business Behaviours & attitudes of citizens Other e.g. Multiculturalism Location Research in UK, NL, B, D, F comparing reasons to live abroad for self-initiated & company-sent individuals With Company Self-Initiated 1. Impact on Career 1. Desire for Adventure 2. Potential for Skills Development 2. 3. Professional Challenge Confidence in Ability to work/live abroad 4. To see the World 3. To see the World 5. Confidence in Ability to work/live abroad 4. Professional Challenge 5. Potential for Skills Development 6. Job on Offer 6. Desire to live in Host Country 7. Having Relevant Job Skills 7. Impact on Career 8. Desire for Adventure 8. Having Relevant Job Skills 9. Desire to live in Host Country 9. Desire to Live in Host City/Loc. 10. Personal Financial Impact 10. Opportunity to Improve Language Skills IMI Research 1: Job & development = Individual perception of importance = Corporate perception of importance Corporate Assignee Job related skills Potential for development Leadership Professional challenge During the assignment Adjustment Curve (incl. Culture Shock) High Cognitive confidence LEVEL OF ADJUSTMENT Adequate Effectiveness of behavior Emotions Low Moment of arrival TIME Source: Haslberger (2008). Expatriate Adjustment, Chapter 7 in Dickmann, M., Brewster, C. and Sparrow, P. (Eds). International Human Resource Management – A European Perspective, London: Routledge. Expatriate adjustment assisted by: Job factors Context of location Family factors Personal factors (see later) Expatriate adjustment assisted by: Personal factors desire to adjust technical / managerial competence interpersonal skills orientation tolerance for ambiguity self-confidence met expectations Effects of Global Careers On assignment 98% Build capacity 90% Build networks 92% Increase motivation Post assignment considerations Reintegration – theory and practice 85% “Theory not supported by actions” 20% Organisational Importance Organisational Effectiveness Reintegration & turnover risks: Why individuals leave 85% More marketable to competitors 74% Remuneration 67% Gain of external networks 66% Reduced responsibilities 55% Loss of internal networks Career outcomes – Long term impact on careers 33% Promoted on return 58% Stayed at same level 9% Demoted Misalignment of Career Perspectives Career Capital 10 recommendations to improve global career outcomes (1) Companies need to be clear about assignment purpose and set talent development objectives where appropriate Companies need to involve the family and the host in selection Involve home and host country in the performance management Integrate global working into general career planning Companies need to manage repatriation better 10 recommendations to improve global career outcomes (2) Individuals should understand their inner drivers and cultural assumptions in order to increase inter-cultural effectiveness Individuals should consider how to acquire new capabilities and international business acumen best Individuals need to build their social capital and continue networking with home organization Individuals need to understand and work towards achieving intellectual and emotional adjustment in a foreign environment Using their new career capital will be crucial for further careers