Evaluating what a person did in the past is not the best way to predict what they will do in the future. Traditional talent assessments look at an individual’s capabilities and potential to determine how well they are performing in their job. By contrast, a value forecast is a forward-looking prediction of the likelihood that an individual can execute the job and deliver the value expected. A value forecast analyzes both the demand for talent (work and roles) and the supply of talent (individuals) in an organization at critical points of value creation to predict the probability such a match will succeed.

In this session, experts will (1) discuss the advantages of this approach to talent evaluation, (2) evaluate the benefits and considerations to scaling this process, and (3) review its potential to close talent gaps and expand opportunities for new leaders. The following key areas will be discussed:

Advantages
• Forward-Looking Predictions
• Enhanced Alignment
• Dynamic Assessment

Considerations
• Data Requirements
• Bias, Sensitivity, and Fairness
• Continuous Improvement

The potential of value forecasting to transform talent management is immense. This innovative approach provides organizations with a more accurate process for evaluating talent and driving value creation.