"talent MANAGEMENT”
What is talent management?
Talent management is the use of an
integrated set of activities to ensure that the organization attracts, retains,
motivates and develops the talented people it needs now and in the future
(Armstrong, 2006)
Talent management is an important and
core element of human resource management (HRM). This segment covers a range of
HRM functions on attracting, retaining, managing and developing a high quality
workforce to the organization. In other words, talent management is about
getting the right people in the right jobs that are doing the right things.
Talent management involves individuals
and organisational development in response to a changing and complex
environment. Talent management focuses on driving superior business results
through people by:
•
Attracting the right people to the industry.
•
Maintaining and keeping employees fully engaged in their work.
•
Identifying and developing potential leaders.
•
Motivating and rewarding employees’ efforts in innovative ways.
•
Aligning human resource programs, policies, and processes to business
goals.
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| Source: www.mystarjob.com |
Why Talent Management is important?
If the organisation has a highly
engaged workforce with the right skills, it can be immensely benefited the
organisation. However, it is important to note that the management needs to
consider all aspects when addressing its organisation’s approach to talent
management. There is no point of having a highly skilled and trained workforce
if they aren’t engaged and motivated to complete their work, and vice versa.
Poor talent management can affect the
organisation in a number of different ways. An untrained workforce can lead to
an increase in the amount of time it takes to complete tasks and a higher
number of errors and/or accidents. However, these issues can still occur despite
considerable investment in training. Training will only make a difference to the
outcomes if it is addressing the right skills needs and being delivered in a
way that allows time for learning and the opportunity to implement this
learning on the job. So many businesses implement training without measuring
whether it makes a difference to business outcomes and leads to a return on
investment.
Conclusion
As a consequence talent management is
becoming a growing concern for HR professionals. Therefore it is important to have an effective approach for managing talent in an organization. So it is
not surprising that organizations are presently waking up to the advantages of investing
in talent management. In the end, I would like to add – Talent Management would
help our organisation to control its talent and ensure there is a steady growth
in the talent base.
References
Anon., 2019. the balance careers. [Online]
Available at: https://www.thebalancecareers.com/what-is-talent-management-really-1919221
[Accessed 04 January 2019].
Anon., n.d. ICMR IBS
Center for Management Research. [Online] Available at: http://www.icmrindia.org/courseware/Intro%20to%20Hrm/Human%20Resource%20Management.htm
[Accessed 29 December 2018].
Armstrong, 2006. A
Hand Bok of HUMAN RESOURCE MANAGEMENT PRACTICE. 10th ed.
Heathfiled, 2018. the
balance careers. [Online] Available at: https://www.thebalancecareers.com/what-is-talent-management-really-1919221
[Accessed 04 January 2019].
You have clearly explain with images...👍
ReplyDeleteThanks Sampath
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