FOUR FACTORS
To define talent management and address areas such as succession planning, competency model development, and talent gap analysis, OIL decided to partner with the Hay Group, a global management consulting firm that works with organizations to develop talent and organize people to be more effective and motivated to perform to their full potential. The Hay Group gathers and applies deeply researched global data on competency models and leadership effectiveness. Its work is based on seminal research by David McClelland, an American psychological theorist noted for his work from the 1950s until the 1990s on achievement motivation and consciousness.
OIL clearly recognized that leadership effectiveness and succession management are key ...
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