Contemporary HR issues Blog #5 - What are the most important HR issues facing your organization today?

Introduction to Talent Management

It is compulsory for every organization to have sufficient amount of skilled employees in order to achieve their desired goals. (Baqutayan, 2014) Every employee has different talents which is required for the organization to perform various tasks. Hence talent can be found anywhere within the organization. (Baqutayan, 2014) But companies should be very mindful & practical when dealing with the employee talents in order to achieve their business objectives. (Morgan and Jardin, 2010)

It is necessary to place employees at the right position in order to get the maximum use of their talents. (Richerd et al., 2006) Talent is the special skills or competencies that individual have & a company might face difficult situation if they lose those talents. Those individuals with talents have the ability to influence the overall performance of the company in both short & long term. (CIPD, 2017) Since proper management of talented employees is important for the success of the company, they put more effort to attract, develop & retain such talented employees. (Baqutayan, 2014)

There are many broad definitions for talent management. According to Lewis & Heckman (2006) Talent management is a part of Human resources management accent on attracting, developing & retaining of talents. Talent Management can be described as the developed version of traditional HRM, which is more focused on strategic management of talents. Though the talent management uses the same instruments as HRM, it is more susceptible towards using of talents of employees at right time. (Iles et al., 2010) and (Capelli, 2008) Talent management can be described as a systematic process used to attract, recognize, develop, engage, retain & deploy highly potential valuable employees. (CIPD, 2017) Proper talent management system can support the organization to “align right people with the right jobs at the right time based on business priorities” (Paquet & Rogers, 2008)

To get the maximum potential of the employee it is necessary to acquire & retain right people in the right place at the right time.  (Baqutayan, 2014)

An organization should know how to manage their employee talents & by adopting proper talent management strategies companies will be able to get many benefits.

References

Baqutayan, S M S. (2014) Is Talent Management Important? An Overview of Talent  Management and the Way to Optimize Employee Performance, Mediterranean Journal of Social Sciences, Vol 5 No 23.

CIPD, (2018). Talent management: Understand the changing context and business case for talent management, and the key features of a talent management strategy.
Available at https://www.cipd.co.uk/knowledge/strategy/resourcing/talent-factsheet
(Accessed: 26^th May 2018 at 11.45PM).

Morgan, H. and D. Jardin, 2010. HR+OD= Integrated talent management as a management. In: NETWORK, R. D. (ed). OD Practioner, 42.

Paquet, S. & Rogers, K. (2008). A talent management framework that will raise your organization’s game to the next level. Perspective Magazine.

Richard, S W., Audrey, B. S., & Scott E., (2006). Nine best practices for effective talent management. Development Dimensions International Inc.
Available at https://www.ddiworld.com/DDI/media/white-papers/ninebestpracticetalentmanagement_wp_ddi.pdf?ext=.pdf
(Accessed: 27^th May 2018 at 12.30AM).