Human Resources management assignment : Astor S.A

Added on - 15 Mar 2021

  • 12

    Pages

  • 3084

    Words

  • 6

    Views

  • 0

    Downloads

Trusted by +2 million users,
assist thousands of students everyday
Showing pages 1 to 4 of 12 pages
TALENT MANAGEMENT INCONTEMPORARYORGANIZATIONSDue Date: 05/03/2021MG 4131 L6 HUMAN RESOURCES MANAGEMENTNATALIA AMPATZIDOU 218869DR. KONASTANTINOS TASOULISDEREE THE AMERICAN COLLEGE OF GREECE|
TABLE OF CONTENTSINTRODUCTION................................................................................2LITERATURE REVIEW........................................................................3Talent and Talent Management........................................................3Importance of having TM in an organization and the challenges..................3When Talent Management Represents “old wine in new bottles” ...............5CASE STUDY....................................................................................7Examination of Specific Organizations..............................................7CONCLUSION..................................................................................9REFRENCES....................................................................................101
INTRODUCTIONIn our days and times, managers place greater importance on developing thehuman resource policies of their businesses than they did before. Human resourcemanagement is an operational feature that oversees the human resource problemswithin the company (Podgorodnichenko, 2019).Department members have the skills,resources, training, logistical services, coaching, legal and management guidance, andmonitoring of talent management that the majority of the organization needs foreffective activity. It is expected that HR managers will lead talent management andperformance management strategies to build the global workforce that businessesneed to be competitive (Noe, 2020). Talent management is structured around coreprinciples of HRM (Human Resources Management) that prioritize the recruitment ofskilled, driven workers and the construction of a work atmosphere that encouragesthem to innovate, execute, collaborate and lead (Noe, 2020). Moreover, the purpose ofthis project will be focused on the concept of talent management, the benefits and thechallenges of this strategy and in case study according to a specific organization(Astor S.A) will focus on how this strategy helped this company to evolve in themarket.2
LITERATURE REVIEWTalent and Talent ManagementIn fact, talent in the company is addressed in several ways: it may describenatural or perfected talents but is often used to identify high-performing and high-potential workers. Thus,the precise definition of talent in a market environmentvaries according to the sense and toreference point (Griffiths, 2015).More specifically,talent management is characterized as a methodologically structured, strategic processof bringing the right talent on board and encouraging them to evolve to their fullestpotential while keeping organizational goals in mind (Ghosh, 2019). This includesunderstanding that all HR activities are interrelated, consistent with business interests,and helping the company leverage talent to achieve business objectives.Talentmanagement and selectionhave been generally recognized as perhaps the mostcritical factors for organizational performance since the McKinsey Study coined theword “the war for talent in 1997” (Goldstein, 2017). Given its prominence andstrategic significance in the business world, the debate and the practice have beenprimarily dominated by business and consultancy firms, especially under the notion oftalent shortage.However, talent management has now been one of the most criticalobstacles for HR directors, when just the 30 percent of them saying they have theability they need to meet their potential growth aspirations (Goldstein, 2017).Importance of having TM in an organization and the challengesTalent management activities includes different set of activities that variousorganizations embraced to ensure it receives and retains a highly trained andexperienced staff.Talent management function is not only limited to the boundaries of3
desklib-logo
You’re reading a preview
Preview Documents

To View Complete Document

Become a Desklib Library Member.
Subscribe to our plans

Download This Document