Strategic Talent Planning in the Open Economy PPT

This PPT slide, part of the 24-slide Digital Talent Lifecycle PowerPoint presentation, outlines the concept of talent planning within the framework of the Open Talent Economy Continuum. It emphasizes the necessity for organizations to adapt their talent strategies to incorporate a broader range of workforce options beyond traditional employment. The continuum is depicted as a spectrum from "Closed" to "Open," illustrating various talent categories.

On the left side, "Balance sheet talent" refers to statutory employees, highlighting the financial responsibilities organizations carry for these individuals. This category is particularly relevant for large global organizations and industries reliant on consistent labor delivery. The middle section introduces "Partnership talent," which includes employees tied to joint ventures, suggesting a collaborative approach to talent management. This can be beneficial for joint ventures and strategic alliances.

As we move to the right, "Borrowed talent" encompasses individuals who are part of a value chain, but are not directly employed by the organization. This category points to a more flexible workforce arrangement, suitable for staffing agencies and consulting firms. "Freelance talent" follows, representing independent contractors hired for specific projects. This approach allows companies to tap into specialized skills on a temporary basis.

The far-right category, "Open source talent," signifies a shift towards community-driven contributions, where individuals provide services either freely or as part of a collective. This could involve community boards or innovation contests, indicating a trend towards leveraging external resources for organizational benefit.

The slide concludes with a call to action, urging organizations to rethink their talent plans in light of digital transformations, signaling a shift in how businesses must respond to evolving workforce dynamics.

This slide is part of the Digital Talent Lifecycle PowerPoint presentation.

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