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Talent Management Strategies

The document discusses the importance of talent management in organizations. It defines talent management as a set of business practices that manage planning, acquisition, development, retention and advancement of talent to achieve business goals. It lists some key aspects of talent management as recruitment, retention, employee development, performance management, and workforce planning. It then provides examples of ways to manage talent such as recognizing talent, attracting talent through strong branding, selecting talent using proven systems, retaining key employees through opportunities and rewards, managing succession through development and job rotation, and changing organizational culture when needed.

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107 views13 pages

Talent Management Strategies

The document discusses the importance of talent management in organizations. It defines talent management as a set of business practices that manage planning, acquisition, development, retention and advancement of talent to achieve business goals. It lists some key aspects of talent management as recruitment, retention, employee development, performance management, and workforce planning. It then provides examples of ways to manage talent such as recognizing talent, attracting talent through strong branding, selecting talent using proven systems, retaining key employees through opportunities and rewards, managing succession through development and job rotation, and changing organizational culture when needed.

Uploaded by

Prince Prince
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Need of talent management in organization

PRESENTED BY: AKANCHA VIMALESH

Talent Management
A set of business practices that manage the planning, acquisition, development, retention and advancement of talent in order to achieve business goals and optimize performance

Importance Of talent Management


Recruitment
Retention Employee development Leadership and "high potential employee" development Performance management Workforce planning Culture

Characteristics Of Good Talent Management


Ownership and involvement

The system is measured in real business terms and results.


Hire the right people. Acclimate new employees Discuss career interests with employees Identify developmental opportunities

Identify training opportunities


Offer appropriate rewards and recognition Help employees to advance

WAYS TO MANAGE TALENT


Recognize talent Change Organization Culture Attracting Talent

WAYS TO MANAGE TALENT


Managing Succession Retaining Talent Selecting Talent

Recognize talent
Notice what do employees do in their free time and find out their interests Try to discover their strengths and interests

Attracting Talent
Good companies create a strong brand identity with their customers and then deliver on that promise. Great employment brands do the same, with quantifiable and qualitative results.

Selecting Talent
Management should implement proven talent selection systems and tools to create profiles of the right people based on the competencies of high

performers.

Retaining Talent
In the current climate of change, it's critical to hold onto the key people. These are the people who will lead the organization to future

success, and one can't afford to lose them.


Organizations need to promote diversity and design strategies to retain people, reward high performance and provide opportunities for development.

Managing Succession
Leaders understand that it's critical to strengthen their talent pool through succession planning, professional development, job rotation and workforce

planning.
They need to identify potential talent and groom it

Change Organization Culture


If the organization wishes to substantially strengthen its talent pool. It should be prepared to change things as fundamental as the business strategy, the organization structure, the culture and even the caliber of leaders in the

organization.

Talent Management Helps In


Increasing
Employee Satisfaction Worker Productivity Learning Effectiveness Service Levels

Reducing
Employee Turnover Time to Ramp New Hires

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