The History of Talent
Talent
for human resources and organizational leaders refers to human capital. It’s the people that make the business and
drive the organization through what we call talent. Talent can be stolen. It is coveted and much debate is how, why,
and in which way talent can be measured.
Measuring & Defining Talent
The
word "talent”
is derived from the Greek word “talanton,” which means "balance, sum,
weight," was an unit of weight, in gold and silver, which was used as a form
of legal tender for purchase or trade during that era. Talent' entered into the
Hebrew language and translated meant the word Kikar' (loaf or cake) suggests
that the shape of the talent was circular like the bread of those times. In the modern day area the process of hiring,
recruiting, and retaining talent remains circular. It is ongoing, never-ending, and has
increasingly become a focus for human resource professionals who specialize in
human capital as well as senior business executives who understand how valuable
talent is to the success of their organization.
A 2012 study conducted by IBM titled, “Leading with
Connections” found that 75% CEO’s identifying and cultivating talent as
critical to the success of their organization.
Interestingly
enough that same study identified four critical traits were key for successful
employees: collaborative, communicative, creative, and flexible. These talent qualities are considered soft
and thus, hard to be measured. It’s ironic given that talent was originally
considered a unit of measure.
Understanding the War for Talent
The
concept of talent for human capital often referred to as talent management
occurred in the 1997 with the book, The
War for Talent. It first discussed the battle of recruiting, hiring,
and retention when it comes to employees.
McKinsey and Company, the organization who authored the aforementioned
book has continued their focus
on talent in a white paper published in 2001 summing up the continued
importance of talent as a unit of measurement but in a different way than the
Greek’s had intended.
“In today’s competitive knowledge-based world, the caliber of
a company’s
talent increasingly determines success in the marketplace. At
the same time, attracting and retaining great talent is becoming more difficult,
as demand for highly skilled people outstrips supply.”
So
maybe the Greeks weren’t wrong after all.
Talent is a unit of measure driving the success of an organization where
profit margins and quarterly earnings indicate how valuable talent truly is to
an organization who embraces a company’s most intangible asset. And while the history of talent is rooted in HR
Metrics and measurement, how you measure talent is up to you.
Jessica Miller-Merrell, SPHR is a workplace and technology strategist specializing in social media. She’s an author who writes at Blogging4Jobs. You can follow her on Twitter @blogging4jobs .
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