Table of Contents INTRODUCTION..........................................................................................................................1 Talent Management.....................................................................................................................1 Relevance in HR and Organization.............................................................................................1 Key issues, concepts and the theories.........................................................................................2 Talent-Management theory.........................................................................................................2 Conclusion.......................................................................................................................................3 REFERENCES................................................................................................................................4
INTRODUCTION Talent Management Talent management is an organizational management and the most important topic of the Human resource which hire, manage, train and motivate the skilled and highly performing employees. Talent management is somewhat different from the HR as the responsibilities are same but the Talent management creates the difference according to the Structure, Responsibility and the Implementation. Talent management includes the following processes such as - Recruitment via Phone Job application development Job post on the respective websites and the complete description of the jobs which includes job location, responsibilities and sometimes the salary which attracts the job seekers Application review Telephonic interviews or the online test based screening Making an job offer to the selected candidate Agreement and the rules and regulation of the organization Job training Employee management Track record of the employees regarding performance, promotions and transfers. Relevance in HR and Organization The Talent Management is closely related to the Human Resource because both relates with the employee management. The close relation in between HR and the Talent management is to hire the deserving candidates in the organization which is helpful in acquiring the long term goals. Here, the HR is required to create the management for an employees to nourish their talent. The HR firms opt out the following methodology for the Talent management process - Carry out the management of the employees related to their performance Developing the career management plans for the employees for enhancing their potential Leadership programs Team quality enhancement or the mock drills for the employees to make the employees for the challenges 1
Talent acquisition workshops Learning and Development section in an organization Feedback sessions So, by these manner, the HR is relevant to the Talent Management and helps the organization in developing, nurturing, enabling and empowering the talent for the long term strategies or the goals for the future growth. Key issues, concepts and the theories The HR has the several tasks to fulfill the demand such as the recruiting and retaining the employees but there are some of the issues related to the Talent management that are as follows - Poor hiring plans and the strategies underdeveloped and inexperience with technologies Poor leadership skills Employee turnover Limited talented resources Unappealing company culture Talent-Management theory The talent management reflects the several key factors of the HR developments that helps in developing and enhancing the talent of the employees to achieve the competitive advantages. Some of the authors recognize the Talent management by analysing the key roles and the responsibilities. In this regards, there are some of the theories related to the Talent management that are as follows - Theory 1: The experience Divide Some of the experts believed that the talent gap is the main key factor that can divide the experiencebetweenlongtermemployees.TheRecruitersarefacingthelongterm unemployment because of the underdeveloped talent of the candidates and also the educational institutes are also the major factor for creating the unskilled employees. The more skilled employees a\get the job easily but in some the cases, the poor poor quality companies makes the talent of the employees constant. So, the pooling of the resources should be considered to take out the best from the crowd. Theory Two: Employer Expectations 2
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This theory states that the employers demand the extra skills and the experience to complete their goals. This impacts on the company during the recession and then the company hires the unskilled employees that ruins the quality and the durability of the company. Theory Three: Generation Issues The generation issue is the major factor on the company growth and it is difficult for the organization to keep updated the old employees. It is the very difficult situations for the Talent management. The new generations are now keep on evolving their talent and the skills required for the company so the only choice for the company to terminate the old and the unskilled employees. Conclusion Finally, this report concluded about the Talent management that focuses on the recruiting and the retaining the employees and review the performance and the different processes of the Talent management and how the Talent management is related to the Human resources and the different theories and the discussion about the key issues and the theories related to the Talent management. The Talent management is the very important for the organization for the company to take out or recruit the highly skilled employees to grow the company in the future. 3
REFERENCES Books and Journals Ashton, C. and Morton, L., 2005. Managing talent for competitive advantage: Taking a systemic approach to talent management.Strategic HR review,4(5), pp.28-31. Cappelli, P., 2008. Talent management for the twenty-first century.Harvard business review, 86(3), p.74. Cappelli, P., 2008. Talent on demand: Managing talent in an uncertain age.Harvard Business School Press, Boston. Collings, D.G. and Mellahi, K., 2009. Strategic talent management: A review and research agenda.Human resource management review,19(4), pp.304-313. Lewis, R.E. and Heckman, R.J., 2006. Talent management: A critical review.Human resource management review,16(2), pp.139-154. Scullion, H. and Collings, D., 2011.Global talent management. Routledge. Silzer, R. and Dowell, B.E. Eds., 2009.Strategy-driven talent management: A leadership imperative(Vol. 28). John wiley & sons. 4