TALENT MANAGEMENT
TALENT MANAGEMENT
Definition
The recruitment, selection, and retention of workers are
referred to as talent management, and it includes a number of HR activities
that cover the employee life cycle. Workforce planning, employee engagement,
learning and development, performance management, recruiting, onboarding,
succession, and retention all are part of it.
Key Ways of Talent Management
Talent Management Can be done using the following steps:
The first stage in the recruiting process is planning.
Identifying where the gaps exist – the human capital demand, generating job
descriptions for the required key roles to assist drive sourcing and selection,
and developing a workforce strategy for recruiting activities are all part of
it.
- ·
Attracting
The correct approach, based on the strategy, is to identify
whether the talent requirements should be met from inside the business or from
outside sources. The approach would include attracting a steady stream of
candidates. Job websites, social networks, and recommendations are common
external sources. To maintain the process as fast and effective as possible,
the talent pools that must be tapped into must be identified and listed.
- ·
Selecting
This includes employing a series of tests and checks to
identify the best fit for the position — the perfect person-organization fit.
Written examinations, interviews, group discussions, and psychometric testing,
as well as an in-depth investigation of all accessible information about the
applicant on public access platforms, assist in forming an accurate image of
the individual.
- ·
Developing
Employee engagement and loyalty are increased through
developing workers to help them grow with the organization and preparing them
for the competence required to contribute to business success. This starts with
a comprehensive onboarding process to assist the employee in settling into the
new role, followed by numerous possibilities for improving skills, aptitude,
and competency while also facilitating growth through counseling, coaching,
mentoring, and work cycle schemes.
- ·
Retaining
Talent must be efficiently retained for any company to be completely successful and sustainable. Most companies aim to retain their finest personnel by giving chances for advancement, promoting participation in special initiatives and decision-making, training for more senior positions, and incentives and recognition programs.
- ·
Transitioning
Through the development of individual employees, effective talent management focuses on the collective transformation and evolution of the business. This consists of making each employee feel like they are a part of something greater.
Talent Management Process
Focus on the Following Factors
·
Employer Branding
Having a strong brand will
attract the best employees we should try build our brand strong as much as
possible.
·
Employer Reputation
Employee branding is linked to
reputation. However, external media, in which the company has less control, has
a greater impact on reputation. In recent years, the hospitality sector
has been an example of a bad reputation. Because of the COVID19 pandemic.
·
Referrals
Talent recognizes talent.
Referral programs are beneficial because they assist to find individuals who
will onboard quickly and perform well.
·
Engagement
Always engaged Employees will
perform well & retain with the company for a long period of time.
·
Performance Management
An important part of talent
management is to identify & analyze employee performance. As result, they will be motivated & engaged.
References
fareedsiddiqui.wordpress.com,
July 22, 2015. Professional Articles on Business & Management,
Management Consulting, Software Engineering, and Self Improvement. [Online]
Available at: https://fareedsiddiqui.wordpress.com/2015/07/22/the-hr-talent-management-perspective-you-can-improve-your-career-progress/
[Accessed 19 December 2021].
gartner.com, n.d. Gartner. [Online]
Available at: https://www.gartner.com/en/human-resources/glossary/talent-management
[Accessed 19 December 2021].
toolbox.com, March 11, 2021. Toolbox. [Online]
Available at: https://www.toolbox.com/hr/talent-management/articles/what-is-talent-management/
[Accessed 19 December 2021].
Talent management is vital for any business to increase its efficiency. It will help keep employees for the long term, which their experience can significantly add value to the business. Employee Theft has become a significant threat for successful companies in the modern world.
ReplyDeleteAs you said, talent management can add value to the business in several aspects. Therefore, it is essential to implement a talent management strategy to protect and develop skillful employees.
In an organization we have different people with different talents which are very useful in certain ways thorough the journey to achieve the organizational goals. So managing them effectively will lead towards the success.
ReplyDeleteGood article. Talent management helps employees feel engaged, skilled, and motivated, allowing them to work in the direction of the company's business goals, which in turn, increases client satisfaction and business performance. Higher client satisfaction as well.
ReplyDeleteTalent management will support internally and externally to make a positive impact in the business. Good work thanks for sharing.
ReplyDelete