TALENT MANAGEMENT
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What is
HRM (Human Resource Management)
Definition
‘a
strategic and coherent approach to the management of an organization’s most
valued assets – the people working there who individually and collectively
contribute to the achievement of its objectives’. (Armstrong, 2006, p3)
HRM ‘is
concerned with the employment, development and reward of people in
organizations and the conduct of relationships between management and the
workforce’. (Armstrong, 1999, p3)
Talent
Management
Talent
management is concerning guaranteeing that the organization has the talented people
it needs to attain its goals. Talent is what individuals should have to perform
well in their roles make a distinction structure of performance. Employees need
the flexibility to learn and grow, and they have the potential to form a
crucial contribution in the future. (Armstrong, 2016)
Why it is
important for an organization
Talent
management is integrating with talent planning and development. In fact it is
relatively new concept in the global context. Furthermore it has delivered from
the phase of “War for talent” When it comes to talent management.
It is
difficult to attract and retain talented people for an organization.
However
o’Reilly and Preffer(2000) point out that companies that adopt a ‘talent war”
mindset may place too much value on outsiders.
Global
Practice (Unilever)
Unilever
utilizes management development (MD) as a vital tool to help the organization
meet it’s short and long-term goals. In recent years, Unilever has undergone a
process of quick change and MD has been significant in conveying that change
through the organization and equipping staff to manage it. Key features that
have made the MD program work in this manner for Unilever were: joint ownership
and duty; recognizable proof of talent at all levels; explicit incorporation of
own desires; organization interests can take precedence over group interests;
one framework around the world; performance‐development related pay; and total transparency. In addition,
performance development planning is highlighted as a major component of the
program.
Practice
in our organization (excise Department)
When it
comes to our organization, some strategies are used to apply talent management.
Because we are in a critical
at risk operation. Therefore it is recommended to have a talented
pool work force
In my
point of view recruiting strategy is highly different in compression with other
organization.
Conclusion
*Talent
management is highly required for an organization in this current volatile
world.
*It is
important to build talent war mind setup in an organization.
*It is
important to attract and retaining talented people.
References
- Armstrong,
M., 2016. Armstrong’s Handbook of Management and Leadership for
HR. London: British Library.
- Armstrong,
M., 2006. A handbook of human resource management practice.10th
edition, Kogan page.
- O’Reilly,
C. A., iii, & Preffer, J. 2000.Hidden value: How great companies
achieve extraordinary result with ordinary people. Boston, MA: Harvard
business school press.
- Unilever and the Management Development
Program (2013) (http://wwwt.uniassignment.com/essay-samples/commerce/Unilever-and-the-management-development-programme-commerce-essay.php?cref=1) accessed 15 November 2020 at 4.00 pm.
- Unilever Global,
Learning and Development (https://www.unilever.com/careers/graduates/why-unilever/learning-and-development/) accessed on 15 November 2020 at
4.30pm
What i feel is you have selected a broad title but literature has made little out of the title, anyway importance of talent management had been described in positive view.
ReplyDeleteTalent management is useful concept in your organisation
ReplyDeletebecause your selection is good
Skills management is the process by which organizations maintain and develop staff. It includes the process of recruiting, training, developing and retaining staff within the organization. Talent management is essential for building a stable employee base within the organization. It explores the development of the organization as well. With the arrival of new job opportunities, the need to develop good staffing skills in the company is important for the well-being of the company. Maintaining a stable workforce is not the only function of the HR department. An Employees Effective Skills Management Strategy can shape the company's strategies and objectives in caring for employees.
ReplyDeleteGood article.
What i feel is , for a organization growth we need talented people and talented leaders and. if the organization realist that if they need to develop talent with in a people for getting better result then they need to do a training development program to develop a talent with in a company ,in this process what is most impotent is that identifying the gap or training need of the people then only we can better result ,
ReplyDeleteIn the current volatile environment, the biggest concern is to find as best people as possible, as a result, talent management affects a lot in achieving of organizational goal.
ReplyDelete