Armstrong (2012) explains talent management is the process of maintaining and
retaining talent to ensure that an organization has the talent it needs to meet
its business objectives.
"Talent management is a bridging discipline
that incorporates information from human resource management techniques" (Sparrow,
2014)
The importance of talent management as a crucial
element that supports the business environment's competitive environment is
growing (McDonnell et al., 2017)
According to Festing (2013), many organizations are
emphasizing talent management practices. It cannot be duplicated in all
environments with the same design, though.
What talent is.
Image:
3
Talent is what people have when they have the
skills, abilities, and aptitudes necessary to perform well in their
professions, according to (Armstrong, 2012) With their immediate efforts, they
improve organizational performance, and they have the potential to make a
significant impact in the future. The goal of talent management is to locate,
hire, retain, and grow these outstanding individuals.
Concept of Talent Management.
Image:
4
According
to Dooher and Marting (1957) talent management training has existed since that
year. But talent management has also become much more of a focus in recent years. Research publications on the
idea of talent management have therefore gained in popularity.
The integration of organizational systems,
practices, and policies, according to Wright and McMahan (1992) safeguards the
success of talent management. The ability to think critically is what will make
talent management a highly useful endeavour for human resource management.
The capital, according to Schiemann (2014) is distinguished by the strengths and makes them a valuable asset to the
organization. Although a company's brilliant employees are a valuable asset,
they are also flexible organizational resources.
According to Schiemann (2014) talented
people capitalize on strengths and make them a valuable asset to the
organization. Although talented people are an asset to an organization, they
are also resources that the organization can control.
The
elements of talent management
Figure: 1
Figure:2
Talent Management for innovation.
Image:
5
The
complete range of human resource procedures, such as recruiting new employees,
retaining high-performing employees, and developing current employees, are
crucial parts of talent management. Each element is connected to the others. In
particular, it is a strategy on which the human resource management
concentrates to achieve the corporate objectives.
According
to Schuler et al. (2011) there is a global shortage of trained human
resources, making it crucial for organizations to keep their best personnel.
The
individual employees need to feel that they are a part of the organization's
larger operation. Programs for employee development that are engaging and
well-thought-out must be created by human resource managers. The employees'
abilities need to be periodically updated and improved. According to McDonnell
et al. (2017) human resource managers must approach talent management from a
multidisciplinary and interdisciplinary perspective. The managers must gather
data from the staff before designing and implementing talent management.
According
to Botjancic and Slana (2018) human resource managers should possess the
following traits: a desire to learn, the ability to pick up new information,
motivation, a drive to grow, an ambitious spirit, initiative, and a sense of
self-motivation. They should also be curious. Positioning the organization
effectively based on the talent it has recruited is the main problem.
Conclusion.
Image:
6
The
thorough concept of talent management, its importance for the growth of the
organization, its importance in managing competitive business, the importance
of skills used by human resources for managing talent, and the importance of innovation
in talent management have all been made clear by the systematic review on the
topic of talent management strategies in human resource management. Talent
management strategies have been in use for a long time in various
organizations. Yet, since the corporate organization must concentrate on the
competitive environment, the idea has drawn greater attention. The goals of an
organization's talent management initiatives must be clear.
To get a further understanding on '' Talent Management Strategies in Human Resource Management."
please watch the below video.
References.
Armstrong, M. and Taylor, S. (2014) Armstrong’s
Handbook of Human Resource Management Practice. 13th edn.
London: Kogan Page publishers.
McDonnell, A.,
Collings, D.G., Mellahi, K. and Schuler, R. (2017). Talent management: a
systematic review and future prospects. European Journal of International
Management, 11(1), 86-128.
Festing, M., Schäfer,
L., and Scullion, H. (2013). Talent management in medium-sized German
companies: An explorative study and agenda for future research. The
International Journal of Human Resource Management, 24(9), 1872–1893.
Sparrow, P.R.,
Scullion, H., and Tarique, I. (2014). Multiple lenses on talent management:
Definitions and contours of the field. In P.R. Sparrow, H. Scullion, & I.
Tarique (Eds.), Strategic talent management: Contemporary issues in
international context (pp. 36–70). Cambridge: Cambridge University Press.
Wright, P.M., &
McMahan, G.C. (1992). Theoretical perspectives for strategic human resource
management. Journal of Management, 18, 295–320.
Dooher, M. J., and
Marting, E. (1957). Selection of management personnel (Vol. 1): American
Management Association.
Felix, J.M.C., (2016).
Talent Management through the Management Fashion Lens. Thesis, Aalto University
School of Business, Management and International Business.
Schuler, R.
S., Jackson, S. E., and Tarique, I. (2011). Global talent management and global
talent challenges: Strategic opportunities for IHRM. Journal of World
Business, 46(4), 506-516.
Boštjancic,
E. and Slana, Z. (2018) The Role of Talent Management Comparing Medium-Sized
and Large Companies – Major Challenges in Attracting and Retaining Talented
Employees. Front. Psychol. 9, https://doi.org/10.3389/fpsyg.2018.01750.
A key component of talent management is the full range of HR practices, You made a great effort to touch on all the relevant aspects to demonstrate that, and I greatly appreciate it.
Your use of numerous theories in an appropriate manner when making the blog is wonderful, but I don't see your advice regarding "Talent Management." You always apply the positive approach, but if you do the opposite, difficulties, obstacles, etc. would be extremely obvious in the article. Luck to you!
Dera Thanga. Thnks for you valuable comets. In Talent manegment there should always be positivity in the employee and employer .Because talent manegmant benefits both side can be seen in analyzing the current job market .
Sorry, I can't agree with above comment and low staff retention and performance can have a detrimental impact on a company's profitability and reputation. Talent management errors can also lead to poor employee performance.
As part of talent management, we predict that HR will invest in more personalized workplace learning that is linked to what people are interested in learning and the ways they prefer to learn. As (vulpen, 2023) shows, HR can ensure that employees are learning what’s relevant to them in an engaging manner. To do this, HR will have to refresh many old learning habits and replace these with more contemporary techniques.
Personalized workplace learning is becoming an integral part of talent management. HR professionals can use employees' interests and preferred learning styles to design customized learning programs that are relevant and engaging. This approach ensures that employees acquire knowledge and skills that are useful and aligned with their career goals. To achieve this, HR needs to replace outdated learning methods with modern, innovative techniques that promote continuous learning and development. Ultimately, personalized workplace learning can increase employee satisfaction, productivity and retention while helping organizations achieve their strategic goals. Thank you very much Asanka.
Good job. Identifying talent is the key as some employees have hidden talents that HR can get them to improve on by education and training which would benefit the company.
Good post, Talents management enables organization to retain top talents to achieve organizational goals. An efficient talent management will improve competitive advantage of the organization with innovative ideas.
Talent management strategies typically involve a range of activities, including recruitment, training and development, performance management, career planning, succession planning, and compensation and rewards. These activities are designed to identify and nurture high-potential employees, provide them with opportunities for growth and development, and ensure that they are properly motivated and rewarded for their contributions to the organization.
Effective talent management strategies are essential for any organization that wants to remain competitive and successful in today's rapidly changing business environment. By investing in their employees' development and well-being, organizations can build a strong and loyal workforce that is capable of driving innovation and growth, while also reducing turnover and maximizing productivity and profitability.
Great job, Chrishan! Your article on Talent Management Strategies in Human Resource Management is informative and insightful. You have provided a comprehensive overview of talent management strategies, including recruitment, development, and retention. The examples and case studies you have included add value to the article and make it more engaging for readers.
Talent management systems make it easier to source talent, assess skills and qualifications, onboard new hires, manage employee strengths and recognize and reward top performers. With administrative tasks off their plate, business leaders have more time to focus on becoming an employer of choice. great work
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Wonderful article about talent management strategies.I learnt more elements of talent.Thank you.
ReplyDeleteThank you Kamal
DeleteYou have covered the most of areas in Talent Management Strategies using attractive images. I got more elements and very important article.
ReplyDeleteThank you Saraj.
DeleteA key component of talent management is the full range of HR practices, You made a great effort to touch on all the relevant aspects to demonstrate that, and I greatly appreciate it.
ReplyDeleteThank you Danuska.
DeleteYou have coverd lot in this for Talant management. It shows your effert with huge number of referances.
ReplyDeleteThank you Anton.
DeleteWriting and references are practical and current. Good luck awesome!
ReplyDeleteThank you Rushni
DeleteThis is very interesting article. Learned new things about Talent Management.. Good job. Keep writing .
ReplyDeleteThank you Sanduni
DeleteYou made a great effort to touch on all the relevant criteria to demonstrate talent managment..great work.
ReplyDeleteYour use of numerous theories in an appropriate manner when making the blog is wonderful, but I don't see your advice regarding "Talent Management." You always apply the positive approach, but if you do the opposite, difficulties, obstacles, etc. would be extremely obvious in the article. Luck to you!
ReplyDeleteDera Thanga.
DeleteThnks for you valuable comets. In Talent manegment there should always be positivity in the employee and employer .Because talent manegmant benefits both side can be seen in analyzing the current job market .
Sorry, I can't agree with above comment and low staff retention and performance can have a detrimental impact on a company's profitability and reputation. Talent management errors can also lead to poor employee performance.
ReplyDeleteYour effort to describ abount the talent management is excellent. And seems you have referred many book for the article. Great job and keep it up.
ReplyDeleteThank you sugath.
DeleteYou have described the importance of talent management in the organization and used a lot of references to elaborate more on the topic.
ReplyDeleteThank you Udari.
ReplyDeleteAs part of talent management, we predict that HR will invest in more personalized workplace learning that is linked to what people are interested in learning and the ways they prefer to learn. As (vulpen, 2023) shows, HR can ensure that employees are learning what’s relevant to them in an engaging manner. To do this, HR will have to refresh many old learning habits and replace these with more contemporary techniques.
ReplyDeletePersonalized workplace learning is becoming an integral part of talent management. HR professionals can use employees' interests and preferred learning styles to design customized learning programs that are relevant and engaging. This approach ensures that employees acquire knowledge and skills that are useful and aligned with their career goals. To achieve this, HR needs to replace outdated learning methods with modern, innovative techniques that promote continuous learning and development. Ultimately, personalized workplace learning can increase employee satisfaction, productivity and retention while helping organizations achieve their strategic goals. Thank you very much Asanka.
DeleteBy implementing these talent management strategies, organizations can build a high-performing workforce and achieve long-term success. Well done.
ReplyDeleteThank you Tharanga.
ReplyDeleteThank you Hansa.
ReplyDeleteGood job. Identifying talent is the key as some employees have hidden talents that HR can get them to improve on by education and training which would benefit the company.
ReplyDeleteThank you George.
DeleteGood post, Talents management enables organization to retain top talents to achieve organizational goals. An efficient talent management will improve competitive advantage of the organization with innovative ideas.
ReplyDeleteThank you Asanka.
ReplyDeleteTalent management strategies typically involve a range of activities, including recruitment, training and development, performance management, career planning, succession planning, and compensation and rewards. These activities are designed to identify and nurture high-potential employees, provide them with opportunities for growth and development, and ensure that they are properly motivated and rewarded for their contributions to the organization.
ReplyDeleteEffective talent management strategies are essential for any organization that wants to remain competitive and successful in today's rapidly changing business environment. By investing in their employees' development and well-being, organizations can build a strong and loyal workforce that is capable of driving innovation and growth, while also reducing turnover and maximizing productivity and profitability.
well done chrishan !
Thank you Very much Gamini.
DeleteGreat job, Chrishan! Your article on Talent Management Strategies in Human Resource Management is informative and insightful. You have provided a comprehensive overview of talent management strategies, including recruitment, development, and retention. The examples and case studies you have included add value to the article and make it more engaging for readers.
ReplyDeleteThank you very much piyumi.
DeleteTalent management systems make it easier to source talent, assess skills and qualifications, onboard new hires, manage employee strengths and recognize and reward top performers. With administrative tasks off their plate, business leaders have more time to focus on becoming an employer of choice. great work
ReplyDeleteThank you very much Nuwan.
Delete