2. Out lines
• Introduction
• Definition of talent
• Definition of talent management
• Benefits of talent management
• Areas of talent management
• Talent management strategies
• Process of talent management
• Advantages of talent management
• Problem OR issues in talent management
• Reference
3. Objectives
BYTHE END OFTHIS LESSON,THE LEARNERWILL BE ABLETO:
•Define talent management
•List benefits of talent management
•Identify ways to manage talent
•Identify areas of talent management
•Identify talent management strategies
•Discuss process of talent management
•Discuss advantages of talent management
•Identify problem OR issues in talent management
4. Introduction
•Talent management has become one of the
most important issue in corporate HR and
training today. Organizations know that
they must have the best talent in order to
achieve the best possible in long run.
5. Definition of talent
•According to McKinsey ;Talent is the sum of
person‘s Abilities, his or her intrinsic gifts, skills,
knowledge, experience, intelligence, judgment,
attitude, character, drive, his or her ability to
learn and grow.
6. Definition of talent management
•Refers to the process of developing and
retaining current workers and attracting
highly skilled workers to work for
accompany
7. Benefits of talent management
1- Right person in the right job
2- Retaining the top talent
3-Better hiring
4-Understanding employees better
5-Better professional development decisions
8. Areas of talent management
1-Talent appreciation
Are focus on assessing the way individual learn, think, relate to
others and act
Used to evaluate capacities, competencies and values of
individual
2-Potential enhancement
Enhance on creating learning experience and solution for
individual that will help covert their talent into competence
9. 3- Acquisition of talent
• Helping organization acquire talent is based on
helping organization define roles for specific
Leadership
-identify the competencies required for each of these
jobs
determine levels of learning, thinking and acting
needed to acquire these competencies
11. Talent management strategies
1- Attracting talent
•-design talent management system
•-Unbiased reward and recognition
•-Flexible work environment and positive culture
•-Proper training
•-Effective appraisal system
•-Design job for talented people
12. 2- Keep talent
- Right location to attract and retain talent
- assign right job to right talent
- Carrier and succession plan
- Balance age, race, gender, and color
- eliminate non-working people
13. 3-Manage talent
- establish effective communication and
cooperation
- allow talent to create and apply knowledge
- build trust on talent
- set positive and and constructive challenge
- monitor talent as assets
14. Process of talent management
•There is eight steps
1-Work force planning
*this process establish workforce Plans, hiring plans,
compensation budget and hiring target for the year
2-Recruiting
*through an integrated Process of recruiting
Assessment, evaluation and hiring of business
brings people into organization
15. 3- On brooding
*Organization must train and enable employees to become productive and integrated into
the company more quickly
4- Performance management
*By using the business plan the organization establishes process to measure and manage
employee
16. 5-Training and performance support
• *Here we provide learning and development programs to
all levels of organization
6-Succession planning
• *Succession planning ensure company identities and
develop talent in order to achieve its business strategy
17. 7-Compensation and benefits
*Clearly, this is an integral part of people management
Here organization try to tie the compensation directly to
performance management so that compensation incentives
and benefits align with business goals and business
execution
8-Critical skill gap analysis
*We identify this process as an important often over
looked function in many organizations
18. Advantage of talent management
-Having the skills and knowledge for emergency situation
-Strengthening the organization capacities by developing
skills and knowledge the organization need
- Talent management helps in Increasing
-Competitive advantages
-Employee satisfaction
-Worker productivity
-Learning effectiveness
-Service level
19. Advantage of talent management
Decreasing
-Employee turn over
-Times to ramp new hires
20. Problem OR issues in talent management
•Some talent need motivation
Difficulties in selecting the right people to develop and
making an accurate assessment of talent needs
•Costs of training and monitoring in talent management
strategies
•Lack of follow and follow up of development initiatives
21. •Potential for grooming people for positions that
may not exist in the future
•Possibility of staff being headhunted by other
organization for their new skills and knowledge
22. Conclusion
•In today's business environment of
going global and competition, become
intense.Talent polarity management
become acritical key to achieve the
success in long term in many
organizations.