Edwards Lifesciences' Talent Management Practices: Creating a Competitive Advantage


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Case Details:
Case Code : HROB126
Case Length : 17 pages
Period : 2000-2009
Pub Date : 2009
Teaching Note :Not Available
Organization : Edwards Lifesciences Corp.
Industry : Healthcare / Medical Technology
Countries :US; Global

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Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

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Excerpts

Background Note

Edwards was the world's leading company in the science of heart valves and hemodynamic monitoring. It was headquartered in Irvine, California, USA, and had regional headquarters in Nyon, Switzerland, and Toyko, Japan...

Strategic Approach to Talent Management

According to experts, Edwards had a strategic approach to talent management. The company felt that talent was critical to its overall business performance and as such, had established a robust talent management process in the company...

Identifying Mission-Critical Jobs

Charting the various functions within the company and identifying which operations were critical was a continuous practice at Edwards. The company identified 75 critical job functions and updated the list on a regular basis in accordance with the shifts in business strategy...

Talent Acquisition

The management at Edwards believed that is was very important to attract the right kind of talent. Being in a very specialized industry, it required employees to have certain technical expertise that could only be obtained through work experience...

Succession Planning

Succession planning was a key part of Edward's talent management strategy. For each of the critical positions, the company identified at least two employees who could act as replacements. To have such depth of talent, the company had to not only identify people who were potential successors for critical jobs, but also high-potential employees and key talent...

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