Talent Management

Undergraduate
Essay
Miscellaneous
Pages 2 (502 words)
Download 0
According to an online article Targeted Talent Management, talent management is "a crucial way of securing, developing and motivating people with the right skills and approaches to meet business objectives."
Talent Management is important to the success of a business, and to have competitive advantage over other organizations…

Introduction

The emergence of technology, particularly the Internet, makes this process even easier, as companies worldwide are now recruiting via the Internet ("Leadership Advantage"). The Cayman Islands, for example, recruit people from various nationalities to join the international organizations on their islands. The Cayman Islands have clearly benefited from doing so, as they form the fifth largest financial centre in the world, with over 5,945 registered companies in the financial industry (Cayman Islands Chamber of Commerce).
Furthermore, some of the current senior managers are headed for retirement, so it is important to have a new younger generation of fully competent persons for the future. It is expensive to always re-hire and re-train. Therefore, managing the talent already available within the organization is crucial (Sullivan 2005).
Duttagupta (2005) has established a framework for managing talent. The process includes executive assessment, effective recruiting, coaching, providing feedback, mentoring, empowering, leadership assessment and development, as well as creation of a rewards system.
The HRD as part of its business strategy may organize a company retreat for a weekend, perhaps at a hotel, where all the managers get together and assesses the organization's "current and future strat ...
Download paper
Not exactly what you need?

Related papers

Take the Pepsi Talent Development at PepsiCo
Discussed with less than 70% accuracy, thoroughness, and logic. Did not complete the assignment or insufficiently discussed the challenges that PepsiCo faces related to its talent management system; omitted key information and/or included irrelevant information. Discussed with less than 70% accuracy, thoroughness, and logic.
Talent Practices at the Home Depot
Therefore the only manner in which the company can truly differentiate itself is through its service standards.…
Human Resource Management. Recruitment & Selection.
Much of the important work on the relative merits of employment structures has evolved through the debate in the industrial sociology/industrial relations and HRM literatures on the 'flexible firm'. Several dimensions of flexibility have been identified (Blyton and Turnbull, 1998).…
Human Resource Management practices and their impact
In other words an HRM policy and initiative based analysis is a near approximation of an otherwise intractable continuum which lacks definable contours and a logical conceptual framework of reference. While theoretical constructs underlying this approach have been presented as a uniform analysis there is very little attention being focused on the qualitative paradigm shift caused by the a priori…
HRM
Berger & Berger (2003) suggest three ways to drive an organisation's success. The first strategy is to identify, select and cultivate the best talents; the second is to cultivate 'backups' for highly qualified people, so that in the event of the most qualified leaving the organisation the organisation does not suffer and finally "allocate resources to employees based on actual and/or potential…
Talent Management
The emergence of technology, particularly the Internet, makes this process even easier, as companies worldwide are now recruiting via the Internet ("Leadership Advantage"). The Cayman Islands, for example, recruit people from various nationalities to join the international organizations on their islands. The Cayman Islands have clearly benefited from doing so, as they form the fifth largest…
Talent Factory
Here we look on those organizations that are well prepared for the future and have a strategy that is suitable to groom future leaders. These organizations have talent factories working internally or we can say they groom people for future so they can take up bigger responsibilities. They do this by merging two important things these are functionality and vitality. These people who are being…