CATALYST Issue 2 | Page 19

Future Proof Natalie Tait Senior Vice President, APAC Head of Talent Acquisition, Bank of America Merrill Lynch “Our talent pipelines must take into account the various channels through which talent enters or moves within our organisation” The first step we have taken towards building effective talent pipelines is to partner with our business and HR colleagues to understand current and future requirements, as well as critical deficiencies we may have within the organisation. We must look at this not only from the perspective of roles, but the actual skills required to deliver on business objectives.  We need to consider a number of factors from labour market trends, industry regulations and anticipated impacts from automation and changes in technology, as well as available talent in the 12 markets in which we operate across the region. Our talent pipelines must be aligned to those critical skills gaps or potential pain points, and take into account the various channels through which talent enters or moves within our organisation, whether our own internal employees, campus or junior talent programmes, experienced hires or contingent labour. Jerry Collier Director of Innovation, Alexander Mann Solutions “I think talent pools are going to move away from four pools of separately owned talent to one pool of mission-critical talent” In the past, talent pools were a way of saying “you’re an interesting person; I may not be able to find you again, so I’m going to put you in a pool which is essentially a database”. And, actually, the internet is one massive database and today’s tools make searching it much easier. So if your talent pool is just a database of names, there’s no value in that. Everything is out of date the minute it goes in. If you’re doing candidate relationship management, warming up those candidates, there is value. But you probably won’t do that unless it’s mission-critical talent, because it’s an expensive exercise to do at scale. So I think talent pools are going to move away from four pools of separately owned talent to one pool of mission-critical talent that may choose different ways to engage with you. Mission critical talent will now include people interested in a gig or project; those who want to work 10 months in 12. They’re just talent in its broader sense: you’ve got to be agnostic about how they choose to be employed. We’ve got to be talent-led in our mission-critical talent pools. I call this being ‘req-less’: moving away from requisitions – “I need one of these” – to “you’ve got talent I need, how can I get you in my organisation?” Issue 2 - 2017 19