HRM Report: Talent Management, Applications, and Strategic Impact

This report delves into the critical aspects of talent management within human resource management (HRM). It explores the use of software applications in various areas, including recruitment, performance management, compensation, and succession planning. The report highlights how these efforts contribute to strategic human capital management, emphasizing the importance of aligning HR practices with organizational objectives. It also provides examples of companies like Starbucks, Google, Coca-Cola, and Microsoft that have successfully implemented these strategies. Furthermore, the report outlines the benefits of talent management, such as improved workforce planning, effective competency management, and streamlined expense and time management. References to academic research and industry insights support the analysis, offering a comprehensive understanding of talent management's role in achieving organizational success. This report is a valuable resource for students seeking to understand the practical application of talent management principles.

Human Resource Management
TALENT MANAGEMENT IN HR

Talent Management Efforts That Use
Software Applications
• Recruitment
• Performance management
• Compensation management
• Learning and development
• Succession planning

Examples Of Firms That Have Successfully
Used These Applications
• Starbucks Company
• Google Company
• Coca-Cola Company
• Microsoft Corporation

How These Efforts Are Useful In Terms Of
Strategic Human Capital Management
• These efforts help in clarifying human capital goals and objectives
• Setting an accountability system.
• Fool-proofing HR Implementation Plan
• Help in setting up policies and strategies to attain company’s objectives and goals

Continuation
These efforts also help in:
 workforce planning
 Competency management
 Compensation scheduling and stratagem
 Expense and time management

References
• Buckingham, M., & Goodall, A. (2015). Reinventing performance management. Harvard Business
Review, 93(4), 40-50.
• Delery, J. E., & Roumpi, D. (2017). Strategic human resource management, human capital and competitive
advantage: is the field going in circles?. Human Resource Management Journal, 27(1), 1-21.
• Greiner, B. (2015). Subject pool recruitment procedures: organizing experiments with ORSEE. Journal of the
Economic Science Association, 1(1), 114-125.
• Holden, N., & Vaiman, V. (2013). Talent management in Russia: not so much war for talent as wariness of
talent. Critical perspectives on international business, 9(1/2), 129-146.
• Liang, G., Li, H., Zhao, D., Sun, Y., & Stoev, K. S. (2017). U.S. Patent No. 9,672,934. Washington, DC: U.S.
Patent and Trademark Office.
• Maier, S. (2017, Aug 23). How 3 Companies Benefited by Changing Performance Management. Retrieved
Aug 20, 2019, from CMS Wire:
https://www.cmswire.com/digital-workplace/how-3-companies-benefited-by-changing-performance-mana
gement
/
• Recruiteze. (2016, Dec 15). How Starbucks Beat Employee Turnover Issues. Retrieved August 20, 2019, from
http://www.recruiteze.com/starbucks-beat-employee-turnover-issues/
• Shi, X. (2013, june 14). Coca-cola's International Rewards/Compensation Management. Retrieved Aug 20,
2019, from prezi:
https://prezi.com/yigt33uww1ra/coca-colas-international-rewardscompensation-management/
• Shields, J., Brown, M., Kaine, S., Dolle-Samuel, C., North-Samardzic, A., McLean, P., ... & Plimmer, G.
(2015). Managing employee performance & reward: Concepts, practices, strategies. Cambridge University
Press.