Exelon’s solution: Talent Management Review Meetings (MRMs)
To combine the right people strategy within Exelon’s existing focus on operational excellence, Thane repurposed the company’s Management Review Meetings, or MRMs, to create Talent MRMs. Using Talent MRMs gave him three key advantages.
1: MRMs are a well-known process in the nuclear industry
“In the nuclear industry, there’s an MRM for everything,” says Thane. “Operations, performance improvement, engineering, safety, you name it. These meetings are about finding gaps in our performance, making plans to close those gaps, and measuring our progress over time.”
“People know what to expect from the MRM process. That’s why we created Talent MRMs.”
2: MRMs can highlight gaps in organizational strategy
“In MRMs, the job of executives is to challenge our plans and make sure everything holds together,” says Thane. “Having to defend a plan tells you where the gaps are, and highlights things you might not have thought of.”
“Creating Talent MRMs has helped us focus on our people processes. Now, we’re looking harder at our core competencies, including how we’re developing our talent pipeline, and how our teams can work together to share their skills.”
3: MRMs reinforce the importance of talent management
For Thane, using talent MRMs wasn’t just an efficient way to highlight performance gaps - it also demonstrated the importance of talent management. “The MRM format was something our teams could get their heads around. It gave us a methodology to apply rigor around our people processes, and it’s been instrumental in telegraphing to the organization what’s important.”