World Library  
Flag as Inappropriate
Email this Article

Talent management

Article Id: WHEBN0015587631
Reproduction Date:

Title: Talent management  
Author: World Heritage Encyclopedia
Language: English
Subject: Chief human resources officer, Human resource management, Management consulting, Celebrity, Board of directors
Collection: Human Resource Management, Words Coined in the 1990S
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Talent management

[1]

Talent management refers to the anticipation of required

  1. ^ http://www.sparktraining.in
  2. ^ Carpenter, Mason, Talya Bauer, and Berrin Erdogan. Management and Organizational Behavior. 1. 1. Flatworld Knowledge , 409. Print.
  3. ^ a b The War for Talent, McKinsey Quarterly
  4. ^ Michaels, Ed; Handfield-Jones, Helen; Axelrod, Beth (2001). The War for Talent. Harvard Business Press.  
  5. ^ Schein, Edgar. Increasing Organizational Effectiveness through Better Human Resources Planning and Development. Sloan Management Review, 1977, 19:1 p. 1.
  6. ^ http://www.ere.net/2004/09/13/talent-management-defined-is-it-a-buzzword-or-a-major-breakthrough/
  7. ^ The People Problem in Talent Management
  8. ^ The Financial Value of Talent Management
  9. ^ Talent Management: How to Invest in your Workforce
  10. ^ Making a Market in Talent
  11. ^ What Does Globalization Mean for Your Leadership Culture
  12. ^ Talent Management: State of the Industry

References

See also

[12] In adverse economic conditions, many companies feel the need to cut expenses. This should be the ideal environment to execute a talent management system as a means of optimizing the performance of each employee and the organization. Selection offers are large

Current Application of Talent Management

A talent marketplace is an employee training and development strategy that is set in place within an organization. It is found to be most beneficial for companies where the most productive employees can pick and choose the projects and assignments that are ideal for the specific employee. An ideal setting is where productivity is employee-centric and tasks are described as “judgement-based work,” for example, in a law firm. The point of activating a talent marketplace within a department is to harness and link individuals’ particular skills (project management or extensive knowledge in a particular field) with the task at hand. Examples of companies that implement the talent marketplace strategy are American Express and IBM.[10]

Talent marketplace

This term "talent management" is usually associated with competency dictionary to hold the competencies in order to build job descriptions.

Competencies and Talent Management

From a talent management standpoint, employee evaluations concern two major areas of measurement: performance and potential. Current employee performance within a specific job has always been a standard evaluation measurement tool of the profitability of an employee. However, talent management also seeks to focus on an employee’s potential, meaning an employee’s future performance, if given the proper development of skills and increased responsibility.

Evaluations

Research done on the value of talent management consistently uncovers benefits in these critical economic areas: revenue, customer satisfaction, quality, productivity, cost, cycle time, and market capitalization.[8][9] The mindset of this more personal human resources approach seeks not only to hire the most qualified and valuable employees but also to put a strong emphasis on retention.

Talent management implies that companies are strategic and deliberate in how they source, attract, select, train, develop, retain, promote, and move employees through the organization.

Talent Management

The talent management strategy may be supported by technology such as HRIS (HR Information Systems) or HRMS (HR Management Systems).

[7] The issue with many companies today is that their organizations put tremendous effort into attracting employees to their company, but spend little time into retaining and developing talent. A

The profession that supports talent management became increasingly formalized in the early 2000s. While some authors defined the field as including nearly everything associated with human resources,[6] the NTMN defined the boundaries of the field through surveys of those in corporate talent management departments in 2009–2011. Those surveys indicated that activities within talent management included succession planning, assessment, development and high potential management. Activities such as performance management and talent acquisition (recruiting) were less frequently included in the remit of corporate talent management practitioners. Compensation was not a function associated with talent management.

[5] The term was coined by

History

Contents

  • History 1
  • Talent Management 2
    • Evaluations 2.1
    • Competencies and Talent Management 2.2
    • Talent marketplace 2.3
  • Current Application of Talent Management 3
  • See also 4
  • References 5

Talent management is the science of using strategic workforce planning. A talent-management strategy needs to link to business strategy to make sense.

. entertainers Talent management in this context does not refer to the management of [4].The War for Talent and the 2001 book on [3]'s 1997 researchMcKinsey The field increased in popularity after [2]

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.