Talent Supply Chain Management (SCM) is a combination of strategic workforce planning, variable and full-time talent sourcing, workforce analytics, and managing supplier networks.
Those at the helm of a talent SCM function need to take appropriate talent acquisition and deployment decisions based on the type of resource hired, their preference (location, time etc.) and their constraints. They must therefore understand these facts (or complications) before acquiring the talent and deploying the talent to respective project/business unit/ location. The other factors to be considered are risk, finance, legal, operations etc. The question foremost on the minds of these personnel is….
The function of Talent supply works flawless when right talent is made available for a given job demand. Talent Supply Chain Management (SCM) requires proficiency in logistics and foresight in predicting talent demand and deployment. At present, most organizations, especially those with multinational presence are yet to adopt talent SCM on a global footprint. This is because they lack the wherewithal to forecast talent inventory for a long term outlook. They are limited in recognising the talent working outside their purview and consequently fail to leverage it. Their SCM is driven by “need of the hour” requirements i.e. procuring mission critical, strategic talent. In other words, they are concentrating on meeting today’s needs and not on the talent supply requirement for the next three or four years.
A study titled “Talent Supply Chain Management Readiness“ conducted by KellyOCG and Inavero states that companies with robust strategic workforce planning and commitment score well in a number of categories like:
The key to effective talent SCM is information/analytics. This information will provide knowledge and consequently intelligence to plan and devise mechanisms to meet talent supply chain requirements for the present scenario as well as coming days/years. Information as such is not available but must be obtained from the data present in respective enterprise systems. This data must be accessed, processed and analysed to get the information, knowledge and intelligence to make the right predictions to steer Talent SCM. However, data must be processed for your specific business query. For this, processing must be mapped to the business context. This provides better intelligence in meeting SCM needs. In other words, it is contextual search and demand-supply mapping that accurately meets your every query related SCM.
Based on the accurate information obtained organizations can take the appropriate business decisions to advancing their business and be highly relevant in the market.