Combining Ancient Chinese History with Business Management and Strategies.

About Me

Koo Ping Shung is a renowned author on the subject of "Sun Tzu Art of War" and other related Ancient Chinese Literary Works on Military Strategy and Chinese History. Ping Shung's passion in particular is in the exposition of Practical Business Applications gleaned from his vast and in-depth understanding of the applicability of such Ancient Chinese Literary Works to modern day Businesses, Entrepreneurs & Businessmen, and People in the Corporate Hierarchy. To date, he has written on many topics including Strategy Formulation & Execution, and Corporate Leadership. Read more on Ping Shung's sharings on the Famous Quotes of Sun Tzu by clicking on "Sun Tzu Quotes". He has also been reading about managing personal finance and investments since 2002 He is familiar with the personal finance landscape in Singapore.

Sunday, April 08, 2007

Stages of Talent Management

After reading so much about Ancient China's History and Military Works. I have gathered that there are three stages of using talents and all require great skills and wisdom. The three stages are as follows:

1) Recognize Talents
2) "Buy" Talents
3) Use Talents

Recognize Talents (识人)



Before you can even think about using talents, you must first be able to recognize one. How to recognize one? Well in this day and age, where information are plenty. 'Googling' for talents maybe something a company can look into. 'Google' the skills that you require and seek out the website contributors of those sites you think might lead you to the talent you are seeking. Another way of finding and recognizing talents is to ask those you know to recommend one. Usually, if one bother to recommend, even if it is only one, you should spend time to look into his recommendation. Would you recommend someone for the job if he is not good?

"Buy" Talents (得人)



Now what do I mean by "buying" talents? Very simply put, to have your talent pledge loyalty to you. Why is this so? Very simple, if you are not able to gain the loyalty of the talent you are seeking, do you think he will give you his best? So recognize the needs of your talents and give it to them where possible. Now, providing a huge renumeration package can only buy that much amount of loyalty. It has to be accompanied with other intangibles like nice working environment, good working relationship with subordinates and supervisor and so on.

Use Talents (用人)



After you have recognize and "buy" the talents, then you have to know how to use the talents. You have to put him in a position that would allow his talents to add the greatest value to the company. This comes with giving an adequate amount of authority to his position as well. Because even if you put him in a position that will allow him to use his talents to the fullest, if you 'tie' him up without giving enough authority to make decision, it is equivalent to not using him at all.

So these are a brief description of the three stages of using talents. Hope it helps in your human resource management.