"Retaining the New Generation in Your Organization -- What's Next for Talent Management", Maria Rotundo-- Rotman School -- Lifelong Learning, May 30, 2003, 10:00 a.m.

Maria Rotundo, Assistant Professor of Human Resources and Organizational Behaviour, Rotman School of Management, U. of Toronto

These participant's notes were created in real-time during the meeting, based on the speaker's presentation(s) and comments from the audience. These should not be viewed as official transcripts of the meeting, but only as an interpretation by a single individual. Lapses, grammatical errors, and typing mistakes may not have been corrected. Questions about content should be directed to the originator. These notes have been contributed by David Ing (daviding@systemicbusiness.org) at the IBM Advanced Business Institute ( http://www.ibm.com/abi).


Issue of retaining talent

Literature from Conference Board, Human Resources Development Canada, Association of Colleges and Universities

Anticipated talent shortage:  what are the signs?

Do we have the bodies to replace them?

Proportion of graduates in science and technology not increasing

Employment rate of 5.5%, and by 2010 expecting full employment

Brain drain:  some evidence in certain occupations, education and health care

Canada is doing a great job of education, but doesn't do anything to help when they leave

Hope?  A talented workforce to replace

Positive signs on the Canadian way, quality of life

Aren't dealing with future talent shortage

Four practices: 


Training and development:

Performance appraisal

[Comment:  what about people you hired 10 for 15 years ago, in an environment of mergers and takeover, now have people who are high performers, but are counterproductive?]

[Comment:  another dimension of adaptability?  We can't classify someone as counterproductive, but some people are not keeping up]

Managers are sometimes cautious giving extreme scores:  on a 1 to 5 scale, noone gets a 1 or a 5

[Question: dealing with contract workers?]

Rewards and benefits

Interdependence between the parts is important


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