Kevin Tarrant: Solving Human Capital Problems in a Constantly Changing World

Kevin Tarrant, Ex-CHRO of WABCO and current President of HR Co-Pilot Consulting, brings 40 years of human capital experience to Jamie Flinchbaugh's People Solve Problems podcast. With a background spanning manufacturing, high tech, software development, and service industries across global organizations, Kevin shares insights from his extensive career, including his last corporate role as Chief Human Resources Officer for Westinghouse Airbrake Company (WABCO).

Kevin emphasizes that problem solving has a significant human component beyond just tools and processes. He notes that employees must trust and respect each other while understanding the different strengths each person brings to a problem-solving team. He explains that employees need to directly impact revenue, reduce costs, or contribute to continuous improvement to remain valuable as companies constantly seek efficiency.

From an HR perspective, Kevin observes a shift toward hiring for competencies rather than specific experience. He encourages job seekers to demonstrate how they've applied their competencies in different situations rather than simply listing their work history. These competencies—like building relationships, problem-solving, resilience, and adaptability—can transfer across industries.

He shares a compelling example from the 2008-2009 financial crisis when WABCO lost 42% of its revenue in one year. Facing potential bankruptcy, the company implemented creative solutions when cash was scarce. They replaced cash bonuses with stock options at the then-low price and conducted "stay interviews" with critical talent to understand what would keep them engaged beyond money. The result: they retained all key employees, and many became millionaires when the stock rebounded.

The foundation for this creativity, Kevin explains, came from WABCO's culture which valued diverse thinking and outside-the-box solutions. He warns that many companies claim employees are their greatest asset on their websites, but actual behaviors during tough times reveal the true culture.

Kevin recommends that organizations build teams around solving problems and implement processes to understand each member's strengths before tackling challenges. He notes that jobs that don't contribute measurably are at risk. Finally, he emphasizes that successful companies focus on continuous improvement and reinvention.

For more information about Kevin Tarrant and his work, visit www.buildwithtact.org or connect with him on LinkedIn at https://www.linkedin.com/in/kevinbtarrant/