The talent delusion by
tomas chamorro premuzic.
Chapter one, the war on talent, the author argues
Companies carrying out a war on talent. and not for talent. Global macro economic trends support this idea
1. The disengagement epidemic, most people disenchanted and alienated by their jobs.
2. The rise of passive job seekers ,earlier people would start a job and would plan to retire from that place. There is more job hopping.
3. The growing appeal of self-employment, more and more people want to do freelancing and unconventional jobs.
4. The rise of entrepreneurship.
Chapter two defining talent
The rule of the vital view, 20% of people do 80% of the job, 20% of people. Are reasonable for eighty percent growth
The maximum performance route
This rule equates talent to an individual's maximum performance. The best performance that one can produce on demand for a short period if one chooses to exert maximum effort .
More motivated people, will show less difference in typical and maximum performance.
The effortless performance rule
Performance is a function of effort motivation. I'm talent ability.
If something comes from it comes from very easily to you, then you are probably talented at it or at least have the potential to develop those talents faster than others
Write personality in the right place
Examples of people who achieved good in one sector and were bad in another. J.K Rowling.
Chapter 3 measuring talent..
In the raw model, first is the degree of the rewardability, likability.What we refer to organisational citizenship people who know how to deal with others
Second is
Ability, this also comes from expertise. But ability to think critically and problem-solving
Third is, a person's willingness to work hard and general motivation. Talent is performance minus effort.Potential is talent plus effort.
How is talent measured traditionally
Job interviews assessment centers, IQ tests, personality assessment.
Other traditional ones are buy your data. The CV and 360° feedback survey, situational judgment test.
Chapter 4 engaging talent.
Engagement involve in emotional and behavioural component. How your job makes you feel and what your jobs make you. Thus, engagement is job satisfaction plus feeling and action.
3 universal principles of organisations first that humans have always lived in groups. Second, that every group, or unit will have a hierarchy. And third, no form of human civilization can exist without a symbol of meaning. A symbolic universe that enables individuals to make sense of the world..
What guide us in getting ahead, which is manifested in desire for recognition ,power for commerce.
Second, getting along, which is manifested, as hedonanism, affiliation, altruism and tradition.
Third, finding meaning, which is manifested in security, aesthetics, and science.
Chapter five developing talent
Although people can change, they mostly don't. The reason is that change requires self-awareness, effort, and persistence. In the absence of extreme life circumstances, people tend to change by becoming amplified or exaggerated versions of their early self.
The main determinants, of adult knowledge acquisition , are , curiosity openness to experience and self-discipline, are largely dispositional in nature. Hence, they are no more malleable, then other major personality traits.
Coaching, by definition is ,
Result oriented systematic process in which the coach facilitates the enhancement of life experience and goal attainment in the personal or professional lives of non- clinical clients.
So whom should coaching address?
One, people who are valuable, but at the risk of derailing, this will keep in check the dark side of the personality.
Second, the high potentials people who have done key work in previous organisations and previous performance has been good.
Third, newly hired or promoted, who need to learn the new assignments and work profile.
Fourth expatriates, who have to be aware of the local culture.
Coaching is of two types,
One, strength based coaching, which enhances your strength
Second, is the weakness approach , which works on self awareness and course correction
HOGAN development cycle,
1.build awareness.
2.target behaviours.
3. change behaviours.
4. sustain changes .
5. modify reputation
6. build awareness.
Chapter six - the dark side of talent
It is a fact that most talented individuals will have some problematic traits, characteristics, especially the high achievers for an organisation. This is a counterproductive work behaviour.
The major categories are,
1.Narcissism, which is entitlement, megalomania at work.
Examples include Donald Trump and Steve Jobs.
2. the psychopath, the social predators at work, indulged in internet fraud inside of trading corruption.Pony schemes embezzlement
3. Machiavellianism, the dark side of political skills. These are people who experience no guilt for manipulating and deceiving others.
There may be positive side to the dark side, which they are ruthlessly in getting success.
Chapter 7, the future of talent.
How will talent be found in the future?
1. it'll bring in the millennial mindset. We will be dealing with a generation who is self centered and entitled.
2. is the growing importance of 3 critical competencies, namely self-awareness, curiosity,Entrepreneurship.
3. rise of the reputation economy in which the workforce is worthy, only as much as the reputation. The collective and public impression we have of their talent and capabilities
Even though we talk of the world as being uncertain, complex and ambiguous, but it has always been so and over centuries. The technological change at each time
has lead to disruptions.
The millennial mind of the new generation, which has been well off, has not seen wars. It is very easy, have narcissist traits. in 1950 only 12% of students described themselves as an important person by 1980, the figure was 80%. This makes leadership very hard to work with people, each of whom is entitled, needs new approach.
One is through self-awareness to see yourself for what you are. Second is curiosity, which has the capacity to transform information into knowledge, third is entrepreneurship, which is the capacity to turn creativity into innovation.
Self-awareness, an antidote to narcissistic hubris.
Studies indicate that leaders who were more self aware, tend to be more effective.
Curiosity. The importance of a hungry mind, important strategy in Google's recruitment. It recruits higher learning animals. People who show a passion for asking insightful questions and who have the power to unlock deeper insides.
A curious adult is a Child who has survived.
Entrepreneurship, the engine of organisational growth.
The future will need to be people who can generate creative ideas, and more importantly, turn those ideas into actual innovations. Second is a realisation that innovation leads to growth and growth inhibits innovation. After a point, the organisation has to not risk experimentation and has to go in for maintenance of organisation. The third reason is an understanding that the key jobs of the future may be hard to predict.
4 key characteristics that highly entrepreneurial individuals display
1. one is creativity. Creativity is ability to generate ideas that are both novel and useful. Having lots of idea all the time working on some of them.
2. second is opportunism, the tendency to spot gaps in the market. And interpret events, as opportunities.
3. , third, is pro - activity. The tendency to follow through and get ideas implemented and executed. persistence, coordination, organisation and drive are needed to get any creative idea executed.
4. Fourth is Vision, the ability to understand the big picture, find a long term strategy or mission.And sell it to others.
Entrepreneurialism will also be a key requirement for succeeding in non-traditional careers. Such as self employment or the gig economy.
The future talent identification tools.
1. One is web scrapping and social media analytics, where organisations go through someone's Twitter, Facebook and LinkedIn profile, and see there likes dislikes on gaugeing the suitability.
2. Second is internal big data and predictive talent analytics.This is done in sports clubs. Go through thousands of data points of each player. Try to build high performing teams. Common approach for collecting in-house data is the use of sociometrics badges. Another emerging methodology, is open source feedback ratings like glassdoor tripadvisor which allow people to give them feedback about the organisations.
3. This is through digital interviewing and voice profiling. This is through an ordinary conversation which is held to decode a candidate's personality . As algorithms merely predicting decisions that human judges would make , even if it is being prejudiced, it only reflecting the already existing prejudices human beings.
4. Gamified profile tools.
There are video games and games such as psychological assessments for selection. There are games in which candidates are asked to play brain teasers/code/ situations , to know their approach to problem solving, IQ and approach.
Chapter eight final thoughts
In summary, to know if individuals possess talent or not, we only have to answer 4 questions .
1. are the individuals part of the vital few who contribute a disproduct amount to the organisation.
2. Second, if not, would they be part of that group, If they performed at their best 3. Third, if not, are they in the right place? 4. fourth, finally, are these individuals aware of how talented they are.
Finding MESSI.
people may change, but don't expect miracles. People behave in fairly consistent ways throughout their adult lives, and these consistent patterns of behaviour can be predicted, once you have sufficient information of the person's past behaviour.
Second, people will not grow unless you help them, most people will only develop if they get help. The main reason is they have a natural tendency to lack self - awareness,
Third , changes and interventions tend to help those who need it and are open to it. The self-motivated people always be open to changes. But people who need to actually change are insufficiently motivated.
Fourth, coachibility is a key ingredient of talent. The more receptive you are, the more open to changes, you are, the more chances of developing
Most people are less talented than they think. All individuals think that they are outliers of the group and not the mere average. This has been proved through various research and studies.And this should be watched out for. As has been said, the world is full of fools,who are so confident of themselves.
Next happiness is overrated. All good things happen when people are a little dissatisfied and motivated to do something more . As Alan watts said. When you try to stay on the surface of the water you sink, but when you try to sink, you float.
Too much of individualism has led us to think of the that being happy at all time at all, places is the ultimate goal. But as philosophers have quoted, I don't know why we're here, but i'm pretty sure that it is not in order to enjoy ourselves. By Ludwig Wittgenstein.
Mark Twain wrote it isn't what you don't know that gets you into trouble. It's what you know, for sure that just isn't so.