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Unit 1 - 2 Talent Managment

The document discusses talent management, including its concept, meaning, and objectives. It covers the role of talent management in building sustainable competitive advantage. The key processes of talent management discussed are recruitment, selection, human resource planning, and retention.

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Rahul Kumar
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44 views

Unit 1 - 2 Talent Managment

The document discusses talent management, including its concept, meaning, and objectives. It covers the role of talent management in building sustainable competitive advantage. The key processes of talent management discussed are recruitment, selection, human resource planning, and retention.

Uploaded by

Rahul Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Unit 1

MBA/BBA/B.com /PGDCA/UGC Net

By
Dr. Anand Vyas
Introduction to Talent Management:
Concept, Meaning & Objectives,
• Talent management is the systematic process
of identifying the vacant position, hiring the
suitable person, developing the skills and
expertise of the person to match the position
and retaining him to achieve long-term
business objectives.
Role of Talent Management in building
Sustainable Competitive Advantage to a firm;
Cont.
• For organizations to develop competitive advantage through HR
processes it is very important to define strategic differentiating
capabilities and then develop a process for identifying and
developing the same. This empowers the HR people to create an
impact on the organizational strategy and also provides a link
between talent management and strategy.

• For HR to prove that talent management can be of strategic


importance to organizations, the critical relationship between the
two must be proven. Talent management specially needs to be
projected as a differentiating strategic capability that can offer real
and substantial competitive advantage.
• Key Processes of Talent Management:
Recruitment, Selection, Human Resource
Planning, Retention,
• Recruitment is the process of searching the candidates for
employment and stimulating them to apply for jobs in the
organization. It is the process of bringing together those
who are offering jobs and those who are seeking jobs.
Recruitment is a positive process where a pool of
prospective employees is created and management select
the right person for the right job from this pool. It provides
a base for the selection process.
•
Selection
Human Resource Planning Process
Retention
• Employee retention refers to the various policies and practices
which let the employees stick to an organization for a longer
period of time. Every organization invests time and money to
groom a new joinee, make him a corporate ready material and
bring him at par with the existing employees. The organization is
completely at loss when the employees leave their job once they
are fully trained. Employee retention takes into account the various
measures taken so that an individual stays in an organization for the
maximum period of time.
•
• Talent vs. Knowledge,
• Consequences of Failure in Managing Talent,
• Identifying and Assessing HighPotential Talent:
Current Organizational Practices .

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