Topic: Employee Resourcing
Course: BSc (Hons)
Lecturer: Sumara Khan
Date: 20th/August/2012
Introduction
Talent management is defined as a sub-set of hr functions. . There are a lot of definitions to what talent management is for some it is similar to succession planning and to others it is incorporated attempts to develop attract and keep hold of the best people. A lot of companies select different ways of human resources guidelines to fit into their talent management structure although most consist of performance management, succession, recruiting and development. Krueger,2007 : Rothwell & Kazanas 2003 suggest that managers need to come up with a definition for talent management that meets their own organizations unique needs. Talent management does not automatically indicate poignant talented individuals upwards in the place of work. It is the opposite organizations have to make sure talents are placed at the best place that suites their talent.
The purpose of this assignment is to research issues related to talent management this report will also concentrate on one big question which is “will the HR department be replaced by the talent management department”.
The talent management process emerged in the early 90’s it has adopted in organizations continuously as several industries have come to the realization that their employees skills and talent are what makes the business capital. It has been put into practice to unravel employee retention. It is said that the main concern today is that organizations put a lot of energy in drawing workers in their companies that they spend a smaller amount of time into preserving and expanding talent. In order to understand talent management one must first look at how it was revolutionized. stage1 – personal development, this business function was to hire, pay and make sure employees had essential benefits.
Stage 2 – strategic HR involves recruiting the right candidates, educating employees,
Bibliography: http://www.dalecarnegie.com/assets/1/7/Introducing_Talent_Management1.PDF (accessed 00:49am 24/7/2012)