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.
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.
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"(
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.
Talent management is the full scope of HR processes to attract, onboard, develop, motivate, and retain high-performing employees. Talent management is aimed at improving business performance through practices that make employees more productive. I greed Mihirani
ReplyDeleteAccording to (Adom Cobb 12 March 2012). Talent management programs also provide the hotel industry with a tested method for significantly improving employee satisfaction and retention, thereby reducing turnover and its related costs. Furthermore, happier, more productive employees provide excellent customer service and contribute to strong overall business results.
ReplyDeleteGreat job Mihirani. Clearly discussed the subject.
You have explained the different theories in talent management and why it is important to an organization. This is important to improve the people in the organization as well as to improve the organization with the talented people. Thanks for sharing.
ReplyDeleteTalent management also assists the organization to make a talent pool comprising a list of talented employees to meet future exigencies and to enhance the retention ratio of talented employees. Thanks Mihirani for sharing.
ReplyDeleteI agree on your view on this article. Talent management provides an insight to identify the best ways of motivating the staff and how to train, arrange and make the best form the employees.
ReplyDeleteGood job Mihirani. Talent management is not a checklist of requirements that need to be sufficed .It is a strategy that needs careful implementation, regular checks, and continual improvement. Under the umbrella of talent management, there are a string of elements and sub-processes that need to work to ensure the success of the organization. For example, analyzing the right talent gaps for the present and future, identifying the right talent pools and best-fit candidates to the organization, getting them to join and then optimizing their existing skills and strengths while helping them grow are touch-points that are all equally important.
ReplyDeleteGood content Mihirani. Talent management plays a vital role in the apparel industry. Because, LTO is a critical factor for the manufacturing enterprises to achieve the KPIs. By doing Talent Management is an efficient manner, it will helps to get the competitive advantage.
ReplyDeleteIn the modern Financial economical competition each and every organization is highly focused on gaining and retaining their revenues.In this financial competition employees are playing a vital role. So it is very important to Managing talents of employees in order to having a strong workforce to go forward in organizational Vision and mission as you correctly mentioned. well done Mihirani!
ReplyDeleteHi Mihirani,There is ample evidence that organizations around the world are facing major talent challenges. The ability to attract, develop, and maintain the provision of critical talent is a challenge for all organizations. Research looks at the impact of talent management on the success of an organization. Accept people's budget.
ReplyDeleteIn the current context of global business, talent management becomes one of the most important sources of achieving competitive advantage that creates value for all. Therefore, leaders in any organization work hard to attract, recruit, develop and retain talent. Because they believe that people are the only assets created by any organization and innovation is the only way to sustain performance, therefore, managing talent will benefit to whole Organisation.
ReplyDeleteIn current competitive market finding the best talent person to the company is important and so as managing current employee talent to achieve set goals. Talent Management Strategy is a plan on how to improve and develop employee performance within a company. It should match to the organization’s goals and clearly define what type of talent company need. This is quite helpful for companies because it allows to have a plan to improve and renovation certain areas of talent management within a workplace.
ReplyDeleteHi Mihirani, The talent management is a process of managing the skills, competencies and power of employees within an organization. Everything that is done to recruit, develop, retain, reward, and better perform employees is part of talent management. you have lined up this well.
ReplyDeleteTalent management can help employees feel dedicated, empowered, and motivated, enabling them to work toward the company's business goals, thereby improving customer satisfaction and business performance, and increasing customer satisfaction. An important topic to be discussed.
ReplyDelete