Talent Management and Human Capital

This assignment delves into the concepts of Talent Management and Human Capital Management, defining them and outlining their significance in organizational success. It emphasizes the importance of employee engagement, motivation, and skill development for achieving organizational goals. The article also highlights the need for a purposeful approach to talent management, identifying gaps and utilizing acquired talents effectively to drive future success.

Running head: TALENT MANAGEMENT
Talent Management
Name of Student
Name of University
Author Note

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TALENT MANAGEMENT
Table of contents
Definition of Talent Management..............................................................................................2
Definition of Human Capital Management................................................................................2
Importance of the concept in organisations...............................................................................2
Summary of the article...............................................................................................................3
Reference....................................................................................................................................4

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Definition of Talent Management
Talent Management is the required human capital in an organisation. It can be
considered as a science of using human resources for improving the strategic value of an
organisation. Talent management helps organisations to reach their goals (Al Ariss, Cascio
and Paauwe 173). It can also be considered as an integrated process that helps in attracting
skilled individuals in an organisation. The talent within an organisation can be managed by
integrating, motivating and developing the number of individuals in a manner that they
become an asset for the organisation. It is important to gain the maximum productivity from
the employees and engages them in various organisational activities to improve their skills.
Most occasions, Talent Management has been considered as Human Capital Management
Definition of Human Capital Management
Human Capital Management can be considered as a series of practices that are
required for recruiting, training and developing the human resources of an organisation
(Hollenbeck and Jamieson 370). Employees are viewed as an important asset for
organisations. The collective skills, talents, knowledge and expertise that are possessed by an
organisation comprise its human capital. Like Talent Management, Human Capital
Management also plays an important role in the success of an organisation. In order to gain
excess productivity, it is necessary that the organisations maintain the talents of the
employees by upgrading them in a continuous manner. The upgraded skills of the employees
can help an organisation to gain valuable results and a competitive advantage in the market.
Importance of the concept in organisations
One of the most valuable assets that employee brings to an organisation is more
capital. Without proper Human Capital Management, organisations cannot create other

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sources of capital. For example, even in the age of machines, the human beings are
responsible for the construction of the machines that make it possible to work in a less
laborious manner. Talent Management can also assist in creating a sustainable organisation
that can be functional in the modern business world. Despite the emergence of modern
technology, the importance of employees in an organisation is one of the factors that help in
the success in the competitive market (Deery and Jago 453). An engaged and motivated
employee can help in building up a successful organisation.
Summary of the article
The article states that it is necessary to have a changed mindset about the mentality of
work (Hbr.org).
 It is necessary to be purposeful so that organisations can benefit from the role played
by the employees.
 The article also suggests that gaps need to be identified and that the talents acquired
need to feel in the gaps efficiently for gaining success.
 In this regard, it can be said that the future strategic role of human capital
management in an organisation need to be based on the contributions made by them to
its success.
 Without capital, it becomes difficult for organisations to plan their next move; hence,
the investment in human capital needs to be done in a way that it fulfils the gap.

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Reference
Al Ariss, Akram, Wayne F. Cascio, and Jaap Paauwe. "Talent management: Current theories
and future research directions." Journal of World Business 49.2 (2014): 173-179.
Deery, Margaret, and Leo Jago. "Revisiting talent management, work-life balance and
retention strategies." International Journal of Contemporary Hospitality Management 27.3
(2015): 453-472.
Hbr.org. Harvard Business Review, 2018, https://hbr.org/sponsored/2018/02/you-cant-hire-
your-way-to-the-future-instead-leave-no-one-behind. Accessed 22 Feb 2018.
Hollenbeck, John R., and Bradley B. Jamieson. "Human capital, social capital, and social
network analysis: Implications for strategic human resource management." The Academy of
Management Perspectives 29.3 (2015): 370-385.

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