According to Randstad (2020), here are some strategic challenges to talent management in Human Resource Management. Higher Demand on Salary and Compensation In current organizations, employees constantly feel tension to provide well for themselves and for their dependents. As such they will feel their salary or compensation is not enough for their responsibilities. Then they will be demotivated. So, they will demand their job positions for higher salaries. To keep them satisfied and productive, employers have to reward them financially ( Randstad, 2020) . Attract Top Talent and Talent Retention Redesign talent management strategies or practices to attract top talent is bit difficult as companies struggle to retain their employees and to make less employee turnover. This number is usually much higher for jobs that require a high level of education or specialized training. Visibly, this means that employee retention is very important for the success of a company. High empl...
According to Insights for Professionals (2019), talent managers should have below skills in order to perform and nurture in their jobs. Creativity Creativity means talent managers should be innovative in A-Z talent management process from selecting to retain employees. As such, they need to be creative rather than relying on traditional methods. Analytical Skills Good talent managers should have analytical skills to analyze wide range of data set at clearance to make strong decisions. Particularly, analyzing people and their behaviors will help them to identify their staff and their interests. From that, they can identify which are performing their tasks well and which areas needs to improve. Networking A good talent manager should be filled with network and contacts. Having professional contacts in skilled people will help them to hire best fitting individuals to their companies. Also, this will help them to identify are candidates really looking for a job or not. Also, ar...