TALENT MANAGEMENT IN HRM

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TALENT MANAGEMENT IN HRM

In today’s business world the talent management becomes one of the important and attractive topics which is a competitive advantage that creates value for all companies. In the current business environments, we can see that all organization work hard to become a first in the industry. But the top of the organization in the current world like Apple, Microsoft and Google try to attract, hire develop and retain the talented employees. Because they believe that the people who are having the significant and unique features are the only assets to success the company goal.
Therefore, managing talent will give some advantage to their company. Furthermore, managing talent must be continuously reviewed, so that the company can capitalize on its talented employees to grow, find the best fit, and expand into new markets. Therefore, talent management needs to be given great effort in every organization and its psychological outcomes need to be debated in order to optimize employee’s performance.

According to the CIPD (2007), Talent Management defines as Talent consists of those individuals who can make a difference to organizational performance, either through their immediate contribution or in the longer term by demonstrating the highest levels of potential.’ Talent management is the process of identifying, developing, recruiting, retaining and deploying those talented people.

According to Stockley (2014), Talent management is to attract, develop and retain people with the aptitude and abilities to meet current and future organizational needs. Talent management involves individual and organizational development in response to a changing and complex operating environment. It includes the creation and maintenance of a supportive, people-oriented organization culture

Based on the above, it can be concluded that talent management is of importance to employees and also it will be important to the organization. because it can lead to a competitive advantage for all employees. But what is more important at this particular moment is to give a clear explanation of what talent is and how it is important, So, talent management is the managing employees retaining the right individuals, for the right positions, at the right time.

 Reference List 

Armstrong. M. (2014). Armstrong’s Handbook of Human Resource Management Practice. London, Kogan Page


Stockley, D. (2014). Talent Management concept-definition and explanation. Retrieved from
Available at: http://www.derekstockley.com.au/newsletters/publication.html
[Accessed on 02nd July 2018 at 05:52pm]

Tansley, C., Turner, P., Foster, C., & Harris, L. (2007). Talent: Strategy Management, Measurement, Research into Practice. London: CIPD.

 


Comments

  1. Subash WijerathneJuly 5, 2018 at 8:44 PM

    Flow is good. Better if you have discussed about inclusive & exclusive approach as well

    ReplyDelete

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