I think it's such an impossible question. I definitely feel the pain that you're describing. The short term answer is easy, which is just like keep doing what you're doing and then role play this new way of working and don't touch anything. But unfortunately, if it works, then you're doubly screwed because now you really have to do anything up. And for what it's worth having done a little bit of all of them, I am coming around to simpler is better. It doesn't have to be the simplest, but I think paying people by the minute, by the role everywhere they go, can skew attention and it can create complexity that ultimately isn't that great.
We’re back with part two of our conversation about talent marketplaces. Last week, Rodney and Aaron explored what talent marketplaces are and the types of organizational problems they can help address. (Pro tip: If you haven’t yet listened to that episode, hit pause and check it out now!)
This week, they’re moving past the big picture and getting into the nitty gritty of what makes talent marketplaces work…or not. It’s not just about how to move pieces around a chess board, but rather about disrupting old-school organizational power plays. Today, Rodney and Aaron take a closer look at:
- What it takes to maintain a transparent marketplace that matches the right people with the right opportunities without resorting to shady, backroom dealings
- How traditional performance management systems penalize (instead of promote) moving talent around
- What experiments a company can try to give these principles a shot
- How compensation works when people aren’t tethered to a traditional role with clear benchmarks or boundaries
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00:00 Check-In: What are you looking forward to this weekend?
01:42 How do talent marketplaces work for people participating in them?
05:50 How traditional organizations prevent and penalize mobility
10:16 What you learn when you let people leave teams and move around
16:02 Experiments with talent marketplaces for companies to run
21:38 Compensation structures for talent marketplaces
25:08 Who pays for cross-functional teams?
27:45 Fine tuning and maintaining the system
28:54 Why these teams are the best places to learn new ways of working