How Employer can get best outcome from subordinate through effective Talent Management
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| Figure 1: Talent Management |
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| Figure 2: Talent Management Process |
- Retain- Hiring the right skills and expecting them to do their best work for the company in the long run is not going to work. Organizations should focus on employee retention strategies, including giving gifts, categories, promotions and promotion opportunities to employees vertically and horizontally within the organization.
- Recruitment- The selection process can have several stages depending on the type of job and the number of applicants who have applied for it. This process can include shortlisting, written tests, and face to face interviews. The final list candidate then goes to the negotiation stage to discuss his / her expected salary and benefits.
- Perform- Measuring an employee's performance Identifying his or her true abilities is essential. The organization can test whether the individual can be assigned additional responsibilities.
- Development- When the selected candidate joins the company and becomes an employee, he / she should develop his / her skills according to the job responsibilities. They also receive internal skills training to enhance their skills.
Elements Influencing Talent Management
According to Armstrong, (2018) shows there are three factors relating to talent management that is mentioned below.
- Alignment – the big picture of what the organization wants to accomplish.
- Capability – organizational resources (wealth, market share, talents)
- Engagement – employee energy level that affects the organization's ultimate goal.
In the modern era,
business competition can have a greater impact on talent management, so various
modern approaches have been implemented.
Modern approaches of Talent management
- A well-defined job description
- A performance development plan
- A performance appraisal
- Brainstorming sessions
- On the job trainings
- Exit interviews
Advantage of an effective talent management system
- Employers can choose the most talented and skilled employees and then assign them to specialist tasks based on their abilities. (Can choose the right person at the right time for the right job.)
- Employees are motivated by a talent management organization.
- Top management can cover crustal roles within the organization while also identifying gaps.
- Peers can improve the quality of service or products by observing employee performance.
- Talent management can have a positive impact on higher levels of client satisfaction.
References
Heathfield, S., 2019. Manage Your Talent Better for a Superior Workforce. The Best Talent Management Practices, [Online]. 2, 1-5. Available at: https://www.thebalancecareers.com/best-talent-management-practices-1917671 [Accessed 24 August 2021].
Armstrong, M. (2012). Armstrong's handbook of management and leadership. 12th ed. London: Kogan Page
www.humanresourcesonline.net. 2019. The importance of talent management and why companies should invest in it. [ONLINE] Available at: https://www.humanresourcesonline.net/the-importance-of-talent-management-and-why-companies-should-invest-in-it/. [Accessed 24 August 2021].
www.hrexchangenetwork.com.
2019. Talent Management: A Guide for HR. [ONLINE] Available at:
https://www.hrexchangenetwork.com/hr-talent-management/articles/talent-management-guide.
[Accessed 24 August 2021].
Hi Thilina. Well explained. Talent Management is a most important part of an organization. Talent management also works to keep current employees and advance them to higher positions in the organization. This saves money that could otherwise be lost to high employee turnover. “It makes much more sense to develop and retain key talent than the source, hire and train new ones.
ReplyDeleteYes Parami, talent management is a continuous process of attracting and retaining high quality employees. thank you.
DeleteTalent management is getting increasing attentions in the organizations. By hiring the most talented and qualified people available, the organization may prepare for critical skill shortages and develop a strategy for filling essential positions and highly specialized roles in the workforce. Talent management may result in fewer problems with performance management and complaints. Additionally, it will guarantee that the organization's best personnel will remain for a longer time. Staff feels more involved, which improves retention rates and guarantees the organization's operational needs are met.
ReplyDeleteYes Fayaz, I agreed with you, talent management aims to improve business performance through practices that make employees more productive. thank you for your feedback.
DeleteTalent management is an essential concept for today's organizations as it enables coporate business strategy through people. Talent management can include; talent acquisition, learning and development, organizational values and vision, performance management, career pathways and succession planning. Thankyou for sharing this interesting article Thilina.
ReplyDeleteYes Rukmali, Talent management is a Strategic process through this it bring the right skills towards employees and develop them. thank you.
DeleteTalent management is the orderly course of recognizing an empty position, employing A reasonable applicant, fostering the abilities and mastery of that possibility to coordinate with the position and holding them to accomplish long haul business targets. Talent management is recruiting up-and-comers properly and supporting them into deep rooted employees. Inside talent management, the term 'talent' is as often as possible utilized while alluding to HR or employees...
ReplyDeleteThank you Mihirani, really appreciate your feedback.
DeleteIn my company, talent management is a strategic initiative that is distinct from other HR functions. It is centered on a person's fit with the work, the team, and the organization. Trying to develop the potential of all employees and keep them engaged through job redeployments, transfers, and other means, but mostly by implementing specialized TM programs and informing them that they are Talent Managed.
ReplyDeleteYes Nadeeshan, It is a very important, systematic process for forward looking companies that understand that the performance of their company depends on their employees. thanks for the feedback.
DeleteSimply talent management is to improve employee performance within the work place. Each and every company seek great employee performance to achieve their objectives and without that there is no point of hiring employees from job market. So its essential to find suitable talent mangment strategy which fit to the company and this will create a professional relationship between employees and organization.
ReplyDeleteYes Sunith, The purpose of talent management is to identify, recruit and adhere to the people who drive the success in the organization. thank you.
DeleteAgreed Thilina. Key components of a highly effective talent management process include: A clear understanding of the organization's current and future business strategies. .Connection of individual and team goals to corporate goals, and providing clear expectations and feedback to manage performance.
ReplyDeleteyes Oshadha, thank you for the feedback.
DeleteTalent management is a complete viewpoint of all HR process. If we think of everything all together, it is the ways in which HR can attract, onboard, develop, motivate, and, ultimately, retain the best staffs. It’s about creating employees more prolific and more satisfied with their job, so the organization paybacks.
ReplyDeleteYes Nadun, correct it's a complete viewpoint of all HR process to identify, onboard, motivate and retain high performing employees. thank you.
DeleteThank you for sharing like this valuable article Thilina.Talent management is not just a simple human resource key term one will come across. It is also committed to hire, manage, develop, and retain the most talented and excellent employees in the industry. In fact, talent management plays an important role in the business strategy since it manages one of the important assets of the company—its people.That is why companies should make the effort to effectively manage the employees to help them develop their skills and capabilities in order to retain them.
ReplyDeleteThank you for sharing valuable article Thilina.Talent management is not just a simple human resource key term one will come across. It is also committed to hire, manage, develop, and retain the most talented and excellent employees in the industry. In fact, talent management plays an important role in the business strategy since it manages one of the important assets of the company—its people.
ReplyDeleteThat is why companies should make the effort to effectively manage the employees to help them develop their skills and capabilities in order to retain them.
Yes Janarthan it's very true. thanks for commenting.
DeleteInteresting topic Thilina.Talent Management involves attracting and retaining high-quality employees, developing their skills, and continuously motivating them to improve their performance.It helps organization to improve performance and reach any goal. Through tallent management the organization will get the opportunity to create a motivated workforce who will stay with your company in the long run.
ReplyDeleteAgree to your idea, thank you Wathsala for your valuable feedback.
DeleteTalent management focus ensures that the company hires the best employees then properly onboard, develop, challenge, and compensate. In recent times people talk about how talent management software can help a company. Respond to changes and trends in the best way to collect and analyze data is ready for what comes next will be an added advantage.
ReplyDeleteYes Nishantha, most of organizations are used new technology to measure their employees talent and how they perform in organization. According to NASSCOM, 40% of India's total workforce needs retraining in the next five years to keep up with emerging trends, namely artificial intelligence, IoT, machine learning, and blockchain. thanks for the feedback.
DeleteThanks for sharing this article thilina.Talent management is the systematic recruitment, identification, development, commitment, retention and deployment of people of exceptional value to the organization, either because they have high potential or because they fill important roles.
ReplyDeleteThank you Kaushani, Much appreciate your commenting on this.
DeleteGood article Thilina.talent management is the strategic deployment of HR sources to assist attain business dreams, especially via hiring, developing and keeping the quality employees in the market for a particular enterprise,” says Alex Robinson, HR and hiring manager at crew building Hero.
ReplyDeleteThank you Bhashitha
ReplyDeleteTalent management can help employees feel dedicated, empowered, and motivated, enabling them to work toward the company's business goals, thereby improving customer satisfaction and business performance, and increasing customer satisfaction. An important topic to be discussed.
ReplyDeleteAgreed with you Jackson, Thank you.
DeleteTalent management focused on the future expectation of required human resources for an association and planning to address those issues. The tools needed for effective talent management,
ReplyDeleteincorporate labor force arranging,
enlisting vital arrangement and objective arrangement,
executive training authority advancement,
acknowledgment projects,
variety and consideration and commitment,
Thank you Gangani, much appreciate your value added on my article.
Delete