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Strategic Talent Management - PDF

   

Added on  2021-04-19

14 Pages3227 Words118 Views
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Running head: ABC DISTRIBUTION STRATEGIC TALENT MANAGEMENT ABC DISTRIBUTION STRATEGIC TALENT MANAGEMENTName of the studentName of the UniversityAuthor Note
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1ABC DISTRIBUTION STRATEGIC TALENT MANAGEMENTExecutive SummaryThis paper aims to identify the various problems that are prevalent in ABC Distribution andhow the presence of these factors hinders the implementation of a talent managementstrategy. It provides an insight into the importance of technology and employee retention inan organization. The conclusion is drawn stating the ways in which the management needs tobe addressed and the necessary steps that should be adopted for the formation of a successfultalent management program.
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2ABC DISTRIBUTION STRATEGIC TALENT MANAGEMENTContentsIntroduction3Importance of talent management3Steps to define strategic vision of talent4Reasons for staff leaving a company6Effect of staff rotation on talent management process7Ways to retain existing talent7Tools of talent management9Importance of technological resources in a company10Recommendations10Ways to approach Executive heads11Essential Pre-requisites for successful talent management11Conclusion12References13
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3ABC DISTRIBUTION STRATEGIC TALENT MANAGEMENTIntroductionThe ABC Distribution is a small distribution company, which is concerned withconducting business nationally. The company has been experiencing success in terms of itsfinancial growth and the number of employees present in the company has grown from 20 to90 over the time from 2012 to 2017. However, the succession planning andinternationalization process has posed to be a hindrance in the process of development oftalent management. This paper aims to study and analyze the need and importance of bettertalent in the organization, understanding the key areas affecting the talent managementprocess and providing recommendations on the changes that need to take place in order tobring in the necessary talent.Importance of talent managementTalent management is the process of recruitment, management, development andretention of employees, necessary for the long-term growth of an organization (Al Ariss etal., 173-179). In case of ABC Distribution, the talent management process is of greatsignificance, as it would add to an increase in the productivity of the firm with an increase inthe processes of growth and innovation. The presence of a trained and skilled workforcereduces the consumption of time and errors, making the production process cost effective.Since the organization is involved in client meetings and sales processes, the presence ofmotivated employees would help increase the levels of customer satisfaction.Due to the nature of importance of talent management in the organization, the seniormanagement or the decision makers (executive managers/Directors), need to be informed andaware of the deteriorating situation the organization currently is facing. The high rates of staffrotation, lack of proper technological resources, and the succession planning and international
Strategic Talent Management - PDF_4

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