Talent
Management
What
is Talent Management?
Talent management is an essential part of the human
resource management of an organization. This can be classified as a careful approach implemented to recruit, develop, and retain employees with the required
skills or ability to meet present and future objectives and requirements of an
organization.
Talent Management is
identification of suitably skilled people need for the organization and through
a proper selection of people with the necessary abilities and skills for preferred
job.
After
identification and selection of the suitable kind of people, Talent Management arranges
competitive compensation that including attractive pay-package, periodical
increment, and health insurance paid leaves, etc. for the employees. The chosen
staff is provided with training and regular refreshment programs to match the developing
requirements of the organization.
The basic purpose of talent management is to
recruit, develop, and retain the best talent in the organization. The HR Department
always put their best effort to ensure that high-performing employees with the
right skills and qualities retain with the organization for a long time (Anon., n.d.) .
Why
Talent Management is Important?
In the present Talent
management has become an unavoidable management process. Organizations are
struggling for best peoples from the job market due to tough competition in
every business scopes today (Anon., n.d.) .
Most of the companies
are now faced with the tight spot of how the talent management should be
addressed in today’s global economy where all the organizational leaders are to
invest in human capital to fight for the talent shortage (Oladapo, 2014) .
Present organizations develop
a high-level approach to talent management as a requirement to ensure
productivity, profitability, and sustainable growth over time. To be able to
successfully develop talent management, organizational leaders use drivers of
talent management such as The labor pool, Retention, The risk of
self-selection, The effect of hiring on retention.
The talent management
process is used to control certain events that each employee experiences in the
workplace. The anticipated skills shortage in the coming years is another factor
that is driving talent management (Oladapo, 2014) .
Talent management refers to the
assurance of an organization to hire, manage, develop and retain the talented
employees to flourish while retaining and developing an effective and superior
workforce. Companies that master talent management
will be well-positioned for enduring growth in workforce performance for years
to come.
References
Anon., n.d. [Online]
Available at: https://www.google.com/search?q=why+talent+management+is+important&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjIyOO28PvjAhVRfSsKHYMxB9YQ_AUIESgB&biw=1366&bih=657
Available at: https://www.google.com/search?q=why+talent+management+is+important&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjIyOO28PvjAhVRfSsKHYMxB9YQ_AUIESgB&biw=1366&bih=657
Anon., n.d. Is
Talent Management Important? An Overview of Talent Management and the Way to
Optimize Employee Performance. [Online]
Available at: https://www.researchgate.net/publication/286702236_Is_Talent_Management_Important_An_Overview_of_Talent_Management_and_the_Way_to_Optimize_Employee_Performance
Available at: https://www.researchgate.net/publication/286702236_Is_Talent_Management_Important_An_Overview_of_Talent_Management_and_the_Way_to_Optimize_Employee_Performance
Anon., n.d. Tutorialspoint.
[Online]
Available at: https://www.tutorialspoint.com/talent_management/talent_management_introduction.htm
Available at: https://www.tutorialspoint.com/talent_management/talent_management_introduction.htm
Oladapo, V.,
2014. THE IMPACT OF TALENT MANAGEMENT. Journal of Business Studies Quarterly,
5(Strayer University).
Good job Anupama, please don't forget to cite any resource if you use them to come up with your posting including figures/diagrams
ReplyDeleteThank you sir, will do.
ReplyDeleteGood Job Anupama, in this article you try to give what is talent management and its importance which helps to optimize the employee performance. Thanks for sharing .
ReplyDeleteSimple and clear explanation for the topic. Selecting the best and retain them thorough talent management, thank you Anupama for the knowledge sharing.
ReplyDeletegood explain anupama. I think we can get more details about talent management. good luck
ReplyDeletenice article anupama, you clearly explained about Talent Management good job
ReplyDeleteGood article..Thanks for sharing your knowledge with us
ReplyDeleteAs you described ,organization put their maximum effort to retain High performing employees with right skills and qualities through talent management.Good job Anupama
ReplyDeleteretaining has been a challange for any organization.if you make your employee a king they will make your customer a king.
ReplyDeleteTalent management is unavoidable as you mentioned but it is starting with recognizing best among the workforce & recruiting them.
ReplyDeleteTalent Management will decide the best people to hire. And even after the recruitment this will enable the company to enhance and polish up employees according to organizational expectations. Good job Anupama
ReplyDeleteRetention will not be a problem if you implement talent management in a proper way. Effective Talent Management always provides benefits to both employers and employees.
ReplyDelete