Talent Management Strategy
Talent Management Strategy
Alicia Cann
Dr. Zelphia Brown, SPHR
HRM532- Talent Management
5/12/13
Formulate a talent management strategy to encompass the entire talent requirements of the organization. When discussing and planning your organization’s future, it’s important to consider not just the goals, objectives, and initiatives, but clearly how to accomplish them. The most important contributor is undoubtedly your employees. Aligning the organization’s business strategy with its employees is called talent management, and it encompasses aligning the right employee with the right position in the organization. Talent management is a business strategy and must be fully incorporated within all of the employee connected practices of the organization. Retaining and attracting talented employees, in a talent management system, is the responsibility of every tier of management in the organization, but especially the Human Resource managers who are in charge of hiring, training, and development. A successful talent management strategy also engages in the practice of sharing data about high profiled employees and their employment history and accomplishments to all divisions of the organization. This process of sharing openness makes it possible for a range of departments to recognize available talent when opportunities open and become available. The charting of people’s skills and strengths enable the organization to appraise the manpower that is not being utilized properly and to its highest potential. This is critical from the standpoint of the organization as well as the employee; the employee can be placed in the right position after a complete assessment of his abilities & interest and as a result the employee is more productive and satisfied. To create a talent management strategy you first have to understand the dynamics of your personnel (capabilities, capacity, educational levels, and experience) to create your talent management strategy
Alicia Cann
Dr. Zelphia Brown, SPHR
HRM532- Talent Management
5/12/13
Formulate a talent management strategy to encompass the entire talent requirements of the organization. When discussing and planning your organization’s future, it’s important to consider not just the goals, objectives, and initiatives, but clearly how to accomplish them. The most important contributor is undoubtedly your employees. Aligning the organization’s business strategy with its employees is called talent management, and it encompasses aligning the right employee with the right position in the organization. Talent management is a business strategy and must be fully incorporated within all of the employee connected practices of the organization. Retaining and attracting talented employees, in a talent management system, is the responsibility of every tier of management in the organization, but especially the Human Resource managers who are in charge of hiring, training, and development. A successful talent management strategy also engages in the practice of sharing data about high profiled employees and their employment history and accomplishments to all divisions of the organization. This process of sharing openness makes it possible for a range of departments to recognize available talent when opportunities open and become available. The charting of people’s skills and strengths enable the organization to appraise the manpower that is not being utilized properly and to its highest potential. This is critical from the standpoint of the organization as well as the employee; the employee can be placed in the right position after a complete assessment of his abilities & interest and as a result the employee is more productive and satisfied. To create a talent management strategy you first have to understand the dynamics of your personnel (capabilities, capacity, educational levels, and experience) to create your talent management strategy
References: Goldsmith, Marshall & Carter, Louis (2010) Best Practices in Talent Management San Francisco Pfeiffer Lawler, Edward III TALENT: Making People Your Competitive Advantage Jossey-Bass, 2008 Moore, Shelley (January 12, 2011) Understand the Components of Talent Management-Posted in Talent Management http://www.bloomware.com/understand-the-components Schroeder, Laura Posted on (Dec. 17, 2010) How do you start formulating a talent management strategy? http://www.focus.com/questions/how-do-you-start-formulating-talent-management-strategy/ Silzer, Rob & Dowell, Ben (2003) Strategy-Driven Talent Management San Francisco Jossey-Bass