QUESTION 1 …………………………………………………… Pages 3 – 6
QUESTION 2 …………………………….……………………… Pages 7 – 11
QUESTION 3 …………………………………………………… Pages 12 – 16
QUESTION 4 …………………….……………………………… Pages 17 – 22
BIBLIOGRAPHY …………………………………………………… Pages 23 – 24
1. Introduction:
Talent management can be defined as a concise action plan which outlines how an organization acquires, cultivates, retains and organizes the required talent to the organization’s current and future business objectives (Bergeron, 2004:133). It describes the required core knowledge, skills, expertise and behaviors to ensure that the organization has the right quantity and quality of people in place at the right time (Bergeron, 2004:133). As stated in the case study, Coca-Cola places considerable emphasis on talent management. The following discussion outlines the components of talent management (acquisition, cultivation, retention and organizing abilities) and highlights how Coca-Cola subscribes and aligns itself to the above definition of talent management.
2. Discussion:
1. How Coca-Cola acquires its staff:
The case study states that Coca-Cola recruits staff members via referrals and employment agencies.
Noe, Hollenbeck, Gerhart and Wright (2008:204) mention that companies who take a “lead-the-market” approach to pay have a distinct advantage in recruiting. The case study mentions that Coca-Cola pays its employees at the top end of the remuneration scale, therefore, they are more likely to attract and select highly talented and skilled applicants.
Noe et al. (2008:208) state that personnel that are recruited via referrals are more likely to be a good fit to the vacancy as they are usually
Bibliography: