This paper briefly discusses the concept of talent management; the influence economic environment has on it, contribution of globalization on the tipping point for talent management practices and the effectiveness of talent management and its impact on organizational performance…
They cannot take he risk to lose them since it will create a lot of problems for them considering the present economic situation. This has resulted in the practices that lead to talent management.
Due to the economic environment, organizations have to focus on the planning out their sourcing decisions that would be based on the capabilities of the employees and the gaps that exist between them, emphasize on the usage of flexible work environment, pay attention to core vs. non core activities related to work.
The biggest factor that is contributing to the tipping point for talent management practices is globalization. There are a lot of factors that are contributing to the change but globalization’s impact is immense; it makes us see how rapidly changes take place and how beliefs that were once firmly held are wavering and some don’t even exist. The effects that have been observed due to globalization are as discussed below:
Initially it was considered that talent management, its development and training practices go parallel. However recent studies and researches show that it is not so; the researches show that 70% of what needs to be done at the job is learnt at the job itself. Trend has evolved and it can be seen that informal training is more efficient than the formal training sessions which includes activities such as cross functional teams, assignments at the international level, stretch assignments etc. The introduction of integrated talent management program is also another method to choose the best employees who would fit in a particular organization or job equation more appropriately. This includes various activities in which the employees acknowledge their competencies, work on them ultimately improvising on their present skills and the company also contributes to the development of attributes and qualities of the employees. This includes the process of recruitment, selection ...
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“The Tipping Point for Talent Management Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.net/miscellaneous/399701-the-tipping-point-for-talent-management.
This role enhances their value from mere managers to business executives that can not only assist management in reducing the general administrative HR cost but also design a business function that recruits, develops and retains potential talent which can provide a competitive edge to an organization.
In seeking to understand and analyze the means by which ideas are adopted, championed, and either accepted or disregarded, the book, The Tipping Point seeks to categorize the means by which this process takes place. Far more than endeavoring to define what becomes popular and what ultimately face from popularity, the arguments put forward in the book seek to define the means by which stakeholder input is shifted towards new paradigms.
The intense competition that characterizes today’s business world necessitates that organizations strategically place themselves to optimize project success by capitalizing on the human resources available to them and therefore reducing on wastage (Vaiman, Scullion and Collings, 2012).
It is essential for organizations worldwide to engage in talent management because there is a global war (increased demand) for talent (Sullivan 2005). This is as a result of globalization and technology ("Leadership Advantage").
The recruiting process has now gone global, with many organizations outsourcing offshore in order to stay competitive.
In the said book, the author had introduced what critics referred to as important and groundbreaking ideas in relation to the process that used to be accepted before without questions and hesitations, that is the process of
For today’s society, this is magnified with the use of technology and the ability to communicate and network trends in a community. The concept of innovation is then independent on building a strategy that creates a tipping point and which allows a specific response from those that are in society and which are looking for specific concepts.
In the book, a ground breaking analysis of how trends get started in the society becomes observed. The mechanisms in which some trends achieve enormous popularity and others fade have always been thought to be mysterious.
The skill and knowledge that people acquire from books and through education, cannot be equated to talent because they do not come naturally. It has however been argued that it is possible to use education and training to better a person’s talent (Harris, Robert, and Valla, 2004).
Organizational change is important because it supports client transformation and makes it possible for an organization to facilitate change. As change is facilitated, the managers who are overseeing the change have to be in strategic