Global Talent Management

-

Do you know what is Talent  Management ??    

          (Charity Digital, n.d.)

The planned, systematically organized process of bringing on the right people and assisting them in developing to the fullest extent possible while keeping organizational goals in mind is known as talent management.

Thus, the process entails determining skill gaps and open positions, seeking out and onboarding qualified candidates, helping them develop within the system and acquire the necessary skills, providing future-focused training for expertise, and successfully engaging, retaining, and inspiring them to meet long-term organizational objectives. The concept highlights the broad scope of talent management and how it ensures that the organization meets its goals by influencing every facet of human resources at work. Hence, it involves bringing the appropriate individuals on board and empowering them to further the interests of the company as a whole.   

To guarantee the success of the company, several components and subprocesses that fall under the talent management umbrella must cooperate. Touchpoints such as assessing the appropriate skill gaps for the future and the present, locating talent pools and ideal candidates, luring them in, and then maximizing their current abilities and strengths while fostering their development are all equally crucial. They rely on one another for support, and even a single subprocess going awry would bring down the entire system.


                          Talent Management Process...

              

                                (www.openhrms.com, n.d.)


‌01. Planning

The best outcomes can be achieved by developing your people management plan ahead of your company's employment requirements. Once you have estimated your employment needs based on your company's expected plans, you need to determine what constitutes outstanding performance. Clearly defining the qualifications and performance expectations for every role you intend to fill can help you build a candidate pool well in advance.

02. Attracting 

Your strategy for hiring the right people for all of your anticipated roles will benefit tremendously if you take your time with the first stage, planning. If you and your team can clearly identify the primary responsibilities, obligations, expectations, and capabilities of a role, you will be better equipped to target the appropriate demographics. If you target the right demographics, your talent attraction strategies will become extremely beneficial and will surely attract the right people.

03. Selecting

Your pool of qualified prospects and applicants will grow as a result of devoting time and resources to the second component, attraction. This will help you select the best applicant for your upcoming opportunities.

For this component, it is imperative to establish standardized and well-structured criteria for application evaluation. Your odds of accurately identifying high-performing applicants for future hires will increase if you use set grading standards. It will also direct your process of selection, making it repeatable and scalable.

04. Developing

This is the difference between conventional HR teams and HR business partners who are revolutionizing the industry and have "earned a seat at the table," as well as the difference between talent acquisition and talent management.

How well you collaborate and communicate with the leadership of other departments will play a major role in how well you perform in this component. Refrain from trying to manage the organization's development process from start to finish. Act calculatingly when presenting yourself as a resource and collaborator. For front-line managers or other leaders to eventually form their own teams, it may be worthwhile for you to train them on the protocols.

The process of nurturing both fresh and experienced talent has several important benefits. It reduces burdens associated with recruitment and turnover by first lowering backfill demands.

05. Retaining

Companies frequently ignore the retention component of their talent management strategy, which focuses on identifying components that prevent burnout and disengagement and enhance job satisfaction. This is a special kind of talent management that does not apply to all organizations.

06. Transitioning

In today's labor market, it is no longer feasible to expect someone to work in the same job or even the same field of work for their whole lifetime. The ability to grow professionally, create an impact, and learn new skills are highly valued in today's workforce. For this reason, you need to have a plan in place for when your employees transition.

What do you think about the following point?

"The relocation of your current employees and their replacement must be covered with a strategy. The following should all be a part of your transitioning plans: transfers, promotions, specializations, and cross-training."




                    (www.youtube.com, n.d.)





Reference:

Ghosh, P. (2021). What is Talent Management? Definition, Strategy, Process and Models. [online] Spiceworks. Available at: https://www.spiceworks.com/hr/talent-management/articles/what-is-talent-management/.

www.openhrms.com. (n.d.). Talent Management Process and HR Management. [online] Available at: https://www.openhrms.com/blog/talent-management-process-different-from-hr-management/.

www.youtube.com. (n.d.). What is Talent Management? Definition, Process, and Strategy. [online] Available at: https://www.youtube.com/watch?v=NwufHwariTI.

‌

Comments

  1. Lojanbabu Niroshana19 December 2023 at 08:00

    This blog effectively outlines the different stages of talent management, emphasizing the interconnectedness of its components. The discussion on transitioning adds depth to the conversation, recognizing the importance of not only attracting and selecting talent but also nurturing and evolving it over time.

    ReplyDelete

Post a Comment

Popular posts from this blog

Hybrid workforce and Talent Management

-
Image
  Talent Management for Hybrid workforce (www.pace-od.com, n.d.) What is hybrid work? Experts from the Harvard Business Review, Forbes, BBC, and other respected sources have predicted that hybrid work will become the next big thing in workspace design. Terms like "telecommuting" and "remote work" gained prominence with the start of the COVID-19 epidemic, leading to the spatial transition of work. The global shift occurred on two fronts: first, individuals moved from workplaces to homes, and second, information and transactions were more digitally processed. Conversely, Hybrid Work has not been as well-known. Many define hybrid work as a workforce that combines in-person office labour with remote work. Essentially, the Hybrid Work model gives workers the freedom to decide where and when to complete their tasks. Organizations must be aware of the effects of hybrid work and take the appropriate corrective action, despite the flexibility it offers in terms of adapting t...
Read more

Talent Management and Talent Gap

-
Image
Talent Gap                (Jordan, 2021) A talent gap is just an organization's shortage of skilled workers. Every company periodically has to deal with the difficult problem of a skill gap. The HR Department works extremely hard to close this gap using a variety of strategies, the majority of which are covered in later chapters of this guide. An organization's ability to expand and flourish is likely to be hampered by a persistent talent gap. It also has a detrimental influence on employees' motivation since they feel demotivated because there aren't enough competent individuals for them to look up to for the guidance and instructions they need to operate efficiently. An organization that suffers from a talent gap performs very poorly overall. At this point, HR managers fill the void by hiring skilled individuals to join the company. How to recognize skill Gaps in the workplace? Although it may seem apparent, the first step in detecting skills sh...
Read more

Different between Talent Management and Talent Acquisition

-
Image
Do know the difference between talent management and talent acquisition?                                                            (Lucas, 2021) It's time to clear up some misconceptions. Particularly concerning the Human Resources division, there is a need for clarification on several terms and concerns. The first is the distinction between HR, talent management, and acquisition.  Misconceptions stem from a lack of knowledge. This case has also experienced the same thing. These three names are distinct and have different meanings even though they are sometimes used interchangeably. If talent acquisition, talent management, and HR are taken literally, the meanings of these terms will vary and they will also accurately represent the roles that they play. While talent management and acquisition have many commonalities, they also d...
Read more