Role of Performance Management System in Talent Management

Talent Management

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Advantages of developing own HR functions.............................................................................3
TASK 2............................................................................................................................................4
A) Role of performance management system .............................................................................4
B) Link-up of HR process and performance management system. ............................................5
TASK – 3.........................................................................................................................................6
A ) Contribution of performance management system in engaging employees .........................6
B) challenges from performance management system and strategies to overcome....................7
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Talent management is the process that include attracting and retaining high quality
employees, improving their motivation and developing the job related skills in themselves. The
primary purpose of talent management is to create a motivated workforce who will stay with the
company for the long period of times and helps company to achieve success.
This report will cover case study of Pine- Apps Ltd who has established their business
within the two year and archive the 200% of growth in their business. They are software
developers who develop an app that revolutionize the financial services.
This report will evaluate the role of performance management system and discuss the
advantages of developing own HR functions for the Pine- Apps L. It will explain how the
performance management system can be implemented with the Other HR processes to improve
the companies performance and how it can help the employees to improve their engagement as
well.
TASK 1
Advantages of developing own HR functions
Pine- Apps Ltd is facing the problems because they just started their business within the
two years and just in the 12 years they get the huge success in their business so simply they do
not get the times to improve their business and because of the high growth, Pine- Apps Ltd is
facing many problems (Collings, Mellahi and Cascio., 2017). Company can overcome the
problems if they developed their own HR function and here are some benefits of having own
Human resource function for the Pine- Apps Ltd-
Skilful employees
If Pine- Apps Ltd follow the functions of the human resource management then they
will able to recruit the skilful employees who can help them to perform the task. Employees will;
be recruited according to the job role. HR allows the candidates who are qualified for the jobs
within the Pine- Apps Ltd can apply so company will able to perform better. Company will; able
to use the various recruitment and selection tools and process. HR follows the proper process o
the selection where they post the job on the social media and online platform, then call them for
the interview and their they give interview and other test and in the find they got selected.
Building relationships