Skip to main content

Why Talent Management is Important?

Talent management is a main function of Human Resources Management. It is a continuous process which will attract, onboard, develop, encourage, and retain high-performing people in the organization. Likewise, talent management is very important because it manages treasured human resource in the organization. Given below are some reasons of why talent management is important. (Mona Momtazian, 2020)

Entice the best talent 

Strategic talent management will help organizations to entice the best talented and skilled workers and will make an employer brand which will entice prospective talents. From that will provide organizations to improve their performance to achieve their busines objectives.

Enhance the performance of workers

Adopting talent management will help organizations to recognize which employees will be the most suitable for perform a great job. As such, using talent management in organizations can minimize problems and objections from both inside and outside the organization and can save best talents within the organization. (Human Resources Online, 2020)

Improve the employee engagement

Talent management will allocate organizations to create methodical and coherent conclusions regarding employee improvement. Additionally, employees will more engage when there is a task to be done.

Help to motivate workers and keep best talents

Strategic talent management will help organizations to keep their workforce motivated. From that organizations can preserve experienced workforce which is very familiar with their organization culture as well.

Continues coverage of critical roles

Talent management will provide organizations an opportunity to select potential employees specially for critical job roles. Because of that, talent management will help organizations to run their business smoothly without unnecessary.

To earn satisfied customers

When the talent inside the organization is well managed, that will positively affect to the customer satisfaction since motivated and happy employees are assets to an organization. When they are happy with what they are doing, they will be able to manage good relationships with their customers. (Edgecumbe Consulting, n.d)

As such it can be concluded that talent management is playing a vital role in humans resources management which leads to growth of an organization.

References

  1. Edgecumbe Consulting Group Ltd. (n.d), What is Talent Management & Why is it Important?, [Online], Available at: https://www.edgecumbe.co.uk/what-is-talent-management-why-is-it-important/ [Accessed on 28th November 2020]
  2. Human Resources Online (2018), The importance of talent management and why companies should invest in it, [Online], Available at: https://www.humanresourcesonline.net/the-importance-of-talent-management-and-why-companies-should-invest-in-it [Accessed on 30th November 2020]
  3. Momtazian M. (2020), What is Talent Management and Why is It Important?, [Online], Available at: https://expert360.com/resources/articles/talent-management-important#:~:text=Attract%20top%20talent%3A%20Recruit%20the,of%20business%20performance%20and%20results [Accessed on 29th November 2020]

Comments

  1. Talent Management is a continuous process which will attract, onboard, develop, encourage, and retain high-performing people in the organization.

    ReplyDelete
    Replies
    1. Yes it is. A-Z there should have a proper talent management process and plan in order to achieve company objectives.

      Delete
  2. Can we connect the concept of pepole motivation with Talent Management?

    ReplyDelete
    Replies
    1. Employee motivation will affet for employee job satisfaction and retention. Talent retention is one component of Talent Management process. So, yes. We cam connect the concept of people motivation with Talent Management.

      Delete
  3. Among the several effective business strategies, according to Dube, talent management requires " an international approach". What do you think?

    ReplyDelete
    Replies
    1. I think yes because when we are operating in global contexts, definitely we must go for international approaches accordingly

      Delete
  4. Do you think Talent management very important in your view?

    ReplyDelete
    Replies
    1. Yes, I think talent management is playing a vital role in humans resources management which leads to growth of an organization.

      Delete
  5. What type of techniques does an organization usually follow to improve employee engagement..?

    ReplyDelete
    Replies
    1. Some techniques that organizations use to improve employee engagement are feel them valued, trusted and respected, feel them secure and self-confident, understand individual learning styles and preferences, share good practice and ideas between teams, etc.

      Delete
  6. Replies
    1. According to Shelley Moore (2013), talent management process is how an organization manage their human resource functions such as selecting, hiring, training and development, etc. of their employees.

      Delete
  7. Talent management also works to keep current employees and advance them to higher positions in the organization. This saves money that could otherwise be lost to high employee turnover.

    ReplyDelete

Post a Comment

Popular posts from this blog

What are the Challenges to Talent Management?

  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 employee

What makes a good Talent Manager?

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

What is a Talent Management Process and what are the components of that?

  According to Shelley Moore (2013), talent management process is how an organization manage their human resource functions such as selecting, hiring, training and development, etc. of their employees. There are seven components of continuous talent management process when executed tactically to keep a company on the prominent point. They are listed as below. Strategic Employee Planning Talent Acquisition and Retention Performance Management Learning and Motivating Compensation Career Development Succession Planning 1. Strategic Employee Planning Here, a company must develop organizational goals and strategic plan. Then, they have to decide how to implement that and have to identify which employees are the best for each job roles to achieve organizational goals. Likewise, the organization can fill the gaps by adjusting employees to fitting roles with existing employees if not they have to hire new. This component will be varied from firm to firm based on their requirements. 2. Talen