According
to Digital HR Tech (2020), Talent management is the complete scope of Human
Resources developments to attract, onboard, develop, encourage, and retain
high-performing people. In
other words, talent management denotes to the complete scope of the Human
Resources developments which includes attracting, developing, motivating, and retaining
of high-performing workers in the company to achieve long term business goals. This
incorporates much more than the entirety of its parts.
Considering above facts, it can say that one facet of talent management is retaining people. Nevertheless, this not just only means reactively offering workers extra money by way of they publicize their exit, but also relatively encouraging a prosperous labor force filled with satisfaction and become happy and interested on what they are doing in the company through its culture, miscellany and morals. (Smart Recruiters, N.d.)
As a summary the scope of talent management should encompass:
- Forecasting needs (workforce planning)
- Analyzing gaps
- Managing process for attract, onboard, develop, encourage, and retain people
- Ensuring consistency between these activities
- Ensuring talent management strategies are translated into talent management implications (Silas Bruce, 2020)
- Forecasting needs (workforce planning)
- Analyzing gaps
- Managing process for attract, onboard, develop, encourage, and retain people
- Ensuring consistency between these activities
- Ensuring talent management strategies are translated into talent management implications (Silas Bruce, 2020)
References
- Bruce S. (2020), Managing Global Talent: Recruitment, Selection, and Retention, [Online], Available at: https://slideplayer.com/slide/12137198/ [Accessed on 04th December 2020]
- Digital HR Tech (2020), What is Talent Management? All You Need to Know to Get Started, [Online], Available at: https://www.digitalhrtech.com/what-is-talent-management/ [Accessed on 03rd December 2020]
- Smart Recruiters (N.d.), Talent Management, [Online], Available at: https://www.smartrecruiters.com/resources/glossary/talent-management/#:~:text=Talent%20management%20refers%20to%20the,through%20the%20management%20of%20employees. [Accessed on 02nd December 2020]
Very useful article.
ReplyDeleteMental freedom does not belong to the Talent management scope..?
ReplyDeleteGood question. In the end of this article it shows scope of talent management as managing process for attract, onboard, develop, encourage, and retain people. People will attract if the company image is good. If an organization can keep their employees for long-term that means they are happy and satisfied. So, it will gives positive image in the society among people. So, I think people work for long-term in their organizations only if they are psychologically or mentally happy and they have mental freedom. Therefore, mental freedom and happy customers are under talent management.
DeleteVery useful article for current situation.
ReplyDeleteIs there any imapct of talent management on talent retention?
ReplyDeleteYes. Talent retention is one component of talent management process. So, there is a impact of talent retention on talent management.
DeleteEmployee retention is the most challenging and most important facet of Talent Management, that the employer should pay their considerable attention.
ReplyDeleteProper Talent Management certainly does extend in to employer branding, to attract external talents. A prospective employee needs to be careful distinguishing between the employer brand and the organisation brand. Personal Relation (PR) and Marketing of an organisation to the external world tends to be misunderstood to the work culture within the organisation. There is certainly gap between the two however I believe through area such as Talent Management focusing on career management / succession planning etc., an organisation could thrive to a better employer brand.
ReplyDeleteYes. Agree with your idea.
DeleteVery clear article which describes the scope of talent management. Thank you sharing knowledge.
ReplyDeleteWhat is the role of talent management?
ReplyDeleteThe role of talent management in the context of strategic renewal is to provide the conditions for the self-initiation and identification of potential change agents and for the development of the talented employees to perform in their roles of change agent.
DeleteClear idea in a nutshell. Easy to understand. Thank you author for sharing this.
ReplyDeleteThe objective of talent management is ritaining talented people with the organisation, why we cant build talented people by using various training methods?
ReplyDeleteWe can train people using training and development programmes.
Delete