Talent management term
may refer simply to management succession planning and management development
activities, although this concept does not add anything to these familiar
processes except a new name. It is good to regard talent management as a more comprehensive
and integrated bundle of doings, the aim of which is to secure the flow of
talent in an organization, bearing in mind that talent is a major corporate
resource (Armstrong, 2014)
Global Talent
management in the 21st century
Today the ''Talent
Management'' became one of the most important buzzwords in corporate training
and HR. The corporate world is entering a new era in Talent Management.
Learning and Development and HR organizations are now aligned on a new set of
strategic issues.
Source :
D:\MBA\blogs\talent management\020216-talent-management.gif
Talent management
generally includes performance management, recruitment processes, succession
management, learning, competency management, compensation, and career
development. It requires both organizational commitment and systems, to
attract, acquire, measure, and manage the talent needed to achieve the
organization's overall business objectives. Talent management and the business
should have to align with processes to maximize their benefits.
Source:
https://images.app.goo.gl/qTTpEhxHwiUEC9qc6
Campbell & Hihsh
(2013) Described Talent management as a Four-step model, Definition, focus,
process, and action. Wellins et al,
(2012) described few Key components of highly effective talent management such
as Clear vision on organizations' business strategies, Identification of gap
between current and required talent to achieve business targets, Proper
strategies to reach. The talent gaps, Correct promotion, and hiring process,
Set of individual and team goals and providing directions and Accurate process to enhance talent.
Talent Management in ABC Bank
Talent management plays
a vital role in the ABC bank. Talented employees are the main asset of any
organization. By using learning platforms and by getting new ideas of the
employees can identify the talented resourced employees. Career-wise
development and personal goal achievements are encouraged by the organization's
talent management process.
Source: YouTube - Talent Management | LinkedIn Learning -
What is a talent management strategy?
Conclusion
Talent management is
very important to employees and organizations because it can lead to a
competitive advantage for all employees. But what is more important today is to
identify what talent is and how it can be managed. So, talent management is the management of
the people or employees themselves by retaining the right individuals, for the
right positions, at the right time
Post-Author: Sameera
Galagoda
References
Campbell, v. &
Hirsh, W. (2013). Talent Management A four step approach. HR is HR network,
Institute for Employment Studies, Sovereign House, Issue report 502, pp. 15-18.
Cappelli, P. (2008).
Talent Management for the Twenty-First Century. Harward Business review, Issue
Insight Center, competing in the future.
Reilly, (2012).
International Talent Management. Global Human resource Management, challenges
facing the function, Volume volume 2.
Wellins, R., Smith, A.
& Erker, S. (2012). Nine Best Practices for effective talent management.
Development Dimensions International, pp. 3-14.
Talent Management |
LinkedIn Learning - What is a talent management strategy? (2017). YouTube.
Available at: https://www.youtube.com/watch?v=snl7eC8LDLk [Accessed 13 Jun.
2020]. 
I agree with your idea sameera talent management lead to gain competitive advantage to an organization. It is mostly discussed topic in HRM within this century. You have presented the article vey nicely with the help of images and videos. Keep up the good work!
ReplyDeleteThe time has now arisen to utilize the talents of people more than ever, during this global epidemic crisis; in an environment of innovations and improvements are emerging rapidly. Therefore, Talent Management is expected to play a vital role in facilitating such talents towards making the world a better place.
ReplyDeleteIn this new digital and data-centric era, the way the HR and talent functions drive value to the business is rapidly changing. With businesses requiring more differentiated experiences, talent management must be re-imagined to deliver better business outcomes and value, thus ensuring all functions max out their productivity and collectively work together to help attract, grow, and retain the industry’s best talent.
ReplyDeleteWith a “Cognitive” talent management model, companies can drive more predictability, performance and productivity to deliver more impact and value to a company’s bottom line.