Talent Management in HRM & Top Talent Management Strategies in 2019

 

Talent Management is defined as the systematically organized, key handle of getting the correct ability onboard and making a difference them develop to their ideal capabilities keeping organizational targets in intellect (Ghosh, 2019)

 In today’s commerce world the ability administration gets to be one of the critical and alluring themes which may be a competitive advantage that makes esteem for all companies (Ghosh, 2019)

In the current business environments, we can see that all organization work hard to become a first in the industry. But the top of the organization in the current world like Apple, Microsoft and Google try to attract, hire develop and retain the talented employees. Because they believe that the people who are having the significant and unique features are the only assets to success the company goal.

Therefore, managing talent will give some advantage to their company. Furthermore, managing talent must be continuously reviewed, so that the company can capitalize on its talented employees to grow, find the best fit, and expand into new markets. Therefore, talent management needs to be given great effort in every organization and its psychological outcomes need to be debated in order to optimize employee’s performance.

According to the CIPD (2007), Talent Management defines as Talent consists of those individuals who can make a difference to organizational performance, either through their immediate contribution or in the longer term by demonstrating the highest levels of potential.’ Talent management is the process of identifying, developing, recruiting, retaining and deploying those talented people.

 

As per Ghosh (2019), there are 05 prominent Talent Management Strategies which have been identified in 2019. They are

01.  Detailed Job Descriptions – including Job Title & Locations, Overall Duties, Skills Required, Reporting Lines, Tools & Equipment, Salary & Benefits.

02.   Person – Organization Fit

03.   Collaborate – Coach – Evolve

04.   Reward & Recognize Right

05.   Opportunities for continuous improvement

 

In our Organization, it is observed that most of the above strategies are in place when it comes to Talent Management process.

Each and every job role have a clearer definition on their duties & the same have elaborated well in the Job descriptions.

Our organizational culture could be defined as a “modern” since the average age of the workforce is 26. However, each & every employee will be given a reasonable time to adjust to the organization’s culture & it’s behaviors.

Superiors are in open mind to help & support to their subordinates at any given time with constructive feedbacks to coach & evaluate ourselves

If the performances are observed, the recognition & the rewards are ensured

It is observed that in certain job roles, we do not see any clear career ladder as when you climb up, the opportunities are getting much narrower & challenging.

 

Based on the above, it can be concluded that talent management is of importance to employees and also it will be important to the organization. because it can lead to a competitive advantage for all employees.

 

 

References

 

Tansley, C., Turner, P., Foster, C., & Harris, L. (2007). Talent: Strategy Management, Measurement, Research into Practice. London: CIPD.

 

Ghosh P. (2019). What is Talent Management? Definition, Strategy, Process and Models

Available at: https://www.hrtechnologist.com/articles/performance-management-hcm/what-is-talent-management/#04

[Accessed on 05th Dec 2020 at 4.53pm]


Comments

  1. Dhanushka DharmasooriyaDecember 9, 2020 at 9:36 AM

    Skills management is very important for any type of organization. Different organizations use skill management for their benefit and It may include a simple interview of all the employees held annually so that the employee can be evaluated as well.

    ReplyDelete
  2. Lakshan GanegodaDecember 12, 2020 at 2:11 PM

    Talent management is clearly linked with a proper L&D mechanism. Proper identification of right competencies and development plan and a reviewing process this can be further improved.

    ReplyDelete

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