Talent Management Essay

4950 Words20 Pages
QUESTION: - 1. With clear illustrations describe the process of Talent Management. a. What role does talent management play in modern organizations INTRODUCTION Talent management definition: Talent management refers to the skills of attracting highly skilled workers, of integrating new workers, and developing and retaining current workers to meet current and future business objectives. Talent management describes the process through which employers of all kinds – firms, government, non-profits – anticipate their human capital needs and set about meeting them. Another definition of talent management is the basic people management challenge in organizations. Talent management is based on a combination of organizational and job-focused key leadership competencies, all of which may include knowledge, skills, values and ethics, and behaviors. Talent Management is a process and an activity that ensures that your company/organization finds the best talent through: -  Attracting the best talent  Retaining it’s talent  Developing it’s talent  Motivating it’s talent  Stretching it’s talent While the focus of talent management tends to be on management and executive positions, the issues apply to all jobs that are hard to fill. Talent Management is concerned with the Talent of ALL EMPLOYEES. Every member of staff has talent and it should be developed. Talent Management is about providing solutions to nurture talent at all levels. BODY The Background Of Talent Management Talent management dates back to the 1950’s. Techniques such as development practices such as executive coaching, career pathing, developmental assignments, assessment centers, high potential programs and succession planning were in practice then. Except at a few very large firms, they have been scaled back and, in many cases, largely abandoned. The reason was not that these

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