Defining Talent Management
Talent management is a
comprehensive flow of recruiting, providing training & development,
managing and retaining the human capital within an organization effectively. Firms
require to employ competent individuals and grow and develop their current pool of
employees to reach their organizations overall goals.
Duttagupta (2005) described
Talent Management as “In the broadest possible terms, Talent Management is the
strategic management of the flow of talent through an organization. Its purpose
is to assure that a supply of talent is available to align the right people
with the right jobs at the right time based on strategic business objectives”.
It is essential for an organization to focus on 3 key areas when managing the talent.
Recruitment and Employee Attraction
Recruiting is the process of
acquiring talent to an organization. However, the candidates should be a proper
fit for the specific designation or job role at the right time. Employee
attraction refers to luring top talent to the organization through tactics such
as financial benefits, employer branding, employee value propositions, organizational culture and reputation.
Talent
Development & Employee Engagement
Talent Development (TD) can be
described as the initiatives carried out to enhance the skills and competencies
of the employees through talent identification, training (upskilling & multi-skilling),
managing by mobilizing and uplifting careers. Engagement can also be part of TD
which refers to the creation of an atmosphere within the organization for the
employees to be committed and contribute with a
thorough understanding on the direction and common objectives/goals of the
organization.
Talent
Retention
Talent Retention can be elaborated
as the policies or strategies adopted by organizations to ensure that the expert employees
remain at the company and safeguard them from competitor headhunting. Retaining
the highly competent staff is vital for any organization since those who are
with broader work knowledge and experience drive the business towards its purposes.
Recognition and remuneration incentives helps
to retain the talented employees.
The following video further
explains the concept of Talent Management.
Video 01: What is Talent Management
Conclusion
In order to have a pool of competent,
skilled and talented employee cadre, it is critical to implement
required structural frameworks, strategies and policies by the organization which
will help the company to reach its vision and organizational objectives.
References
Iles, P., Chuai, . X. & Preece, D., 2010. Talent
Management and HRM in Multinational companies in Beijing: Definitions,. Journal
of World Business, pp. 179-183.
Talent
Management Institute, 2021. Talent Management Institute. [Online]
Available at: https://www.tmi.org/blog/talent-management-strategy-the-gateway-to-great-performance
[Accessed 07 04 2022].
GreggU,
2016. What is Talent Management. s.l.:YouTube.
It is vital for the organization to implement required structural frameworks, strategies, and policies that will assist the company in achieving its vision and organizational objectives in order to have a pool of competent, qualified, and talented employee cadre. You have clearly explained about tallent management . Superb article . Good luck !
ReplyDeleteAs explained by you, talent management is very important in training and developing employees to a higher level within the organisation. This will motivate workers to increase their contribution and also reduce staff turnover. Good article. All the Best!
ReplyDeletetalent management strategy is a strategy for improving employee performance. This entails optimizing performance in the broadest sense possible.good writing.
ReplyDeleteTalent management is defined as systematically organized Considered process of getting the right talent onboard and helping them grow to their ideal capabilities protection organizational objectives in mind.
ReplyDeleteBasically the role of the talent management is the The purpose of talent management is to growth performance. It aims to inspire, engage, and preserve employees to make them perform better.
in your article you have clearly explained 3 key areas talent management . Good article .
Very nice and well-structured. All of the crucial information was given. All of these are practical and simple to implement. Best wishes!!!
ReplyDeleteSimply explained about the talent management which is very important for a firm. Well structured.
ReplyDeletewell done.
Employees are more engaged, skilled, and motivated when they are part of a talent management program, which allows them to work towards the company's business goals, increasing customer satisfaction and business performance. All the best!!
ReplyDelete