Talent Strategy Diagnostic and Solutions with a Fortune 250 Biopharmaceutical Company
Our client is a Fortune 250 global biopharmaceutical company which specializes in the discovery, development, and delivery of medicines to help patients prevail over serious diseases in areas such as cancer, diabetes, HIV/AIDS, amongst others.
Since the early 2000s, there has been a long history of change and restructure within the organization. In recent years, a key priority was the development of a multi-year talent management strategy. The client wanted to clearly articulate their talent strategy as more than just a process and ultimately accelerate their approach to talent and build internal capability, by prioritizing short-term goals within a long-term strategy.
Our challenge was to ascertain if the current talent strategy and approach was fit for purpose in delivering the organizational mission. We partnered with the client to conduct a talent strategy diagnostic, make recommendations on key priorities, and provide an unbiased, holistic view of the state of the current talent strategy and approach.
YSC’s Talent Strategy Diagnostic
Our online tool was used to identify if the client’s approach to talent management was fit for purpose, framed around five key components:
- Leadership Strategy
- Potential Model
- Healthy Talent Infrastructure
- Targeted Assessment and Development
- Talent Analytics
Key stakeholders in the business participated in the diagnostic and the talent team reviewed the insights and devised a forward approach in four priority areas:
Healthy Talent Infrastructure
We worked closely with the talent team to understand the dynamics that were impacting their efforts and facilitated a working session around elements that enable a healthy talent infrastructure, including:
This allowed the team to identify and articulate key objectives for the next three years.
Targeted Assessment and Development
YSC assessed leaders, based on YSC’s Potential Model and the client’s leadership capabilities, for selection and developmental decision-making. We also coached new leaders to integrate into the business, and transition into new leadership mandates so that investment in assessment is realized.
Diverse Talent Accelerator Program
The client committed to differentiated investment and a customized approach to the identification and development of talent cohorts that would empower and accelerate the progression of their diverse talent.
Quarterly, YSC provides aggregate insights and trends to key stakeholders and sponsors within the business. These analyses reflect key themes, patterns, challenges, and recommendations to keep the solutions adding unique value.
Over the last X years, YSC’s strategic partnership with the client has enabled:
- The ability to curate and develop internal leaders who enable their mission to deliver the best possible solutions to patients, even in times of continuous change.
- Strategic insights into business critical talent pools, enabling decision making and shaping development.
- Over 700 executive assessments with a view to identify readiness for specific roles as well as potential for the future
Successful integration of external talent
By focusing on how leadership initiatives are directly tied to the company’s growth trajectory, we ensure that our programs are relevant, impactful, and flexible. YSC continues to provide strategic partnership and insights to ensure the organization wins, both in the short term and the longer term, in the key industry differentiator: leadership