Talent Management

 

Introduction

Talent Management can define as a methodically organized strategic process of getting the right talent highlighted and push them to improve their capabilities while achieving the organizational objective.

This is an important term explaining the organization's expectation to recruit, manage, and retain talented employees.

Image 1: Talent Management initiative (Source:www.businessjargons.com,2020)

Recognition of Talents 

To keep sustainable employee engagement, employee talents recognition is one of the main aspects. Performances, targets, goals, and the effectiveness of managers are all linked to employee engagement.

Video 1: Talent Management (Source:www.youtube.com, 2016)

Talent Management as a Business Strategy

To retain the most talented and skilled employees, organizations can apply talent management as a business strategy. The strategy will ensure to hold the top performer competition among employers.

Talent management Models

Image 2: Talent management Process (Source:www.dreamstime.com,2020)

Talent Management process

1st Step: Good Employer Branding.

A good employer brand helps to attract and retain employees. The talent management process will be convenient with a good employer brand

2nd Step: Find the right people for the right job role

Identifying the employee qualification and place in the correct job role.

3rd Step: Organize learning and improving in working.

Train employees to find their skills and develop their capabilities and perform well.

4th Step: Performance Appraisals.

The policy of appraising employee performances will lead to creating a better performer.

5th Step: Making a process to retain the proper performers.

To promote the best-talented employees to the next level with more responsibilities.

Importance of Talent Management.

• Improve the productivity and employee engagement

• Reduce employee turnover

• Develop working culture

• To improve employee satisfaction

• Retention of talented employees

• Reduce workplace stress 

Advantages of Talent Management for employees

• Job Satisfaction

• Improvement personal skills

• Long term retention

• Career development

• Self-confident

Literature Reviews

"When you grow talent, you know the pain of wasting it"(Harjeet Khanduja).

"Develop talent for tomorrow, rather than just hire for yesterday"(Pearl Zhu).

"I believe that everyone has a talent, ability, or skill that he can mine to support himself and to succeed in life"(Dean Koontz).

Global Context 

Microsoft - Microsoft has excelled at workforce planning, re-development, utilizing analytics, and leveraging the internet. This is a world-class company when it comes to the effective use of valuable workers.

Conclusion

Handling the talent management process is the most sensitive task for any Human resources management department. However, once the talent management process is done well, it will bring huge success.

References

Moorefield, J., 2021. The Oakland Athletics use of sabermetrics and the rise of big data analytics in business.

Diem, B.E., 2015. Global talent management 2015: a status quo and its future prospects (Doctoral dissertation).

Chovan, B., 2019. Munkáltatói márkaépítés szerepe a fluktuáció csökkentésében. Közép-Európai Közlemények, 12(2.), pp.115-127.

Roufa, T.I.M.O.T.H.Y., 2018. Police work and poor health. The Balance Careers.

Bhardwaj, G., Singh, S.V. and Kumar, V., 2020, January. An empirical study of artificial intelligence and its impact on human resource functions. In 2020 International Conference on Computation, Automation and Knowledge Management (ICCAKM) (pp. 47-51). IEEE.

Han, Y., Wang, J. and Zhang, P., 2009. Business-oriented service modeling: A case study. Simulation Modelling Practice and Theory, 17(8), pp.1413-1429.