Talent Management

Talent Management

What is the Talent?

Talent is what people have when they possess the skill, abilities and that enable them to perform effectively in their roles. They make a difference to organizational performance through their immediate effort and they have a potential to make an important contribution in the future. Talent management mainly aims to identify, obtain, keep and develop those talented people for the organizational development

Talent Management is the Development of ensuring that the organizations has the talented people it needs to accomplish its business goals. It involves the strategic management of the flow of talent through an organization by creating and maintaining a talent pipeline.

Talent management is a useful term when it describe as organization’s commitment to hire, manage, develop and retained employees. It comprises of all the work process and systems that are related to retaining and developing a superior workforce

Talent management is a business strategy that organization will enable to retain their top talented employees. Just like employee involvement or employee recognition. It is the status business strategy that will ensure the attraction of talent with competition with other employees.

When you tell a prospective employee that you are dedicated to a talent management strategy that will ensure that he or she will have the opportunity to develop professionally, you attract the best talent

Basic content of the Talent Management

01.Talent planning

     02.Resourcing

     03.Attraction and retention policies and programme

     04.Talent audit

     05. Role Development

     06.Talent relationship management

     07. Performance management

     08.Learning and development

     09.Leadership and management development

     10.Management succession planning

     11.Carrier management

     

      

     

     Picture 01, process of Talent Management 

Different peoples who have different type of talents. But there is the view that we must pay more attention to the best, while on the other, the view is that everyone has talent and it is not just about the favorite few.

Key objectives of the Talent Management

   01.Identify the key gaps between the talent in place and the talent to drive business/ company success

    02.Develop a sound integrated talent management plan designed to close the talent gaps

  03.Facilitate and support management to implement accurate hiring and promotion decisions

   04.Develop talent to enhance performance in current position as well as readiness for transition to the next level

    05.Develop a succession and retention plan a sustain organizational excellence

  

     Conclusion

Talent management is a very important thing to getting the best of all employees for the organizational development. Also it helps to deliver corporate objectives and plan towards success of the company. On one hand talent management important to build up the productive and committed working environment for the people in the organization with succession planning for the future development and on the other hand it will helps to develop good leaders and good managers for the tomorrow  

References:

Armstrong, M. and Stephen Taylor (2014) Armstrong Handbook of Human Resource management practice, 13^th edition

Clarke, R and Winkler, V (2006) Reflection on Talent Management, London, CIPD