Talent Management: Advantages, Performance Management, Challenges

Talent Management

TABLE OF CONTENT
INTRODUCTION......................................................................................................................4
TASK 1......................................................................................................................................4
Evaluating advantages for Star Co in developing their own HR function.............................4
TASK 2......................................................................................................................................6
Role of performance management system.............................................................................6
Appropriate performance appraisal system that can be implemented at Star CO..................6
TASK 3......................................................................................................................................7
Performance management system to be used for improving employee commitment and
engagement.............................................................................................................................7
Challenges that may be faced while using system and how they can be managed................8
CONCLUSION..........................................................................................................................9
REFRENCES...........................................................................................................................10

INTRODUCTION
Talent management can be understood as one of the widely essential competent aspect
used by HR in today’s dynamically evolving companies within business parameters, where
skilled efficacy among employees are further enhanced. Star Co. is one of the widely
growing company where recently management is having varied scale challenges within
keeping employees productively engaged and to strengthen strategies. The report will be
analysing case study where advantages and challenges for implementing talent management
will be analysed, which is also widely crucial aspect. Study will also further discuss focus on
varied systems and performance management scope, for implementing new strengthened
scope for larger change within system.
TASK 1
Evaluating advantages for Star Co in developing their own HR function
As per Audenaert, Decramer and Georgwe (2021), there are various advantages for
developing their own HR function where companies can be further enhance stronger working
scale rise connectivity which strengthen corporate scale consistency among functions. Star
Co. by building on own HR functions will be able to pertain stronger working enhanced scale
rise, where company productivity can be risen up for stringent new informative connective
benchmarks. By developing HR functions company will be able to retain workforce for