Upload
sharmaparteek
View
218
Download
0
Embed Size (px)
Citation preview
8/13/2019 21436594 Talent Management Project Report
1/40
For more Notes, Presentations, Project Reportsvisit
hrmba.blogspot.commbafin.blogspot.coma2zmba.blogspot.com
Table of ContentsINTRODUCTION.....................................................................................................2
Key Business Processes.........................................................................................2
The process of talent management..............................................................................2
Talent Management vs Tra!itional "R #pproach..............................................................2
The focus of talent management.................................................................................2
Kno$le!ge Management.........................................................................................2
%IT&R#TUR& R&'I&().............................................................................................2
PROB%&M ID&NTI*IC#TION.......................................................................................2
OB+&CTI'&,.........................................................................................................2
N&&D O* T"& ,TUD-..............................................................................................2
R&,RC" M&T"ODO%O.-......................................................................................2
PRIM#R- D#T#..................................................................................................2
,&COND#R- D#T#..............................................................................................2
,T#TI,TIC#% TOO%,)...........................................................................................2
,#MP%IN. T&C"NI/U&,)......................................................................................2
#N#%-,I,)............................................................................................................2
"R PRO*&,,ION#%.............................................................................................2
&MP%O-&&........................................................................................................2
*INDIN.,.............................................................................................................2
"R M#N#.&R,...................................................................................................2
&MP%O-&&,......................................................................................................2
R&COMM&ND#TION,..............................................................................................2CONC%U,ION........................................................................................................2
%IMIT#TION,.......................................................Error! Bookmark not defined.
#NN&0UR&...........................................................................................................2
BIB%IO.R#P"-......................................................................................................2
BIBLIOR!P"#
8/13/2019 21436594 Talent Management Project Report
2/40
INTRODUCTION
$his ne% age econom&, %ith its atten'ant para'igm shifts in relation to the
h(man capital, in terms of its ac)(isition, (tilisation, 'evelopment an'
retention, has place' a heav& 'eman' on to'a&*s "R professionals. $o'a& "R
is e+pecte' to i'entif& potential talent an' also comprehen', concept(alise
an' implement relevant strategies to contrib(te effectivel& to achieve
organisational objectives. "ence a serio(s concern of ever& "R manager in
or'er to s(rvive this -ar for $alent*, is to fight against a limite' an'
'iminishing pool of )(alifie' available can'i'ates to replace val(able
emplo&ees %hen the& leave, 'ramaticall& (n'erscoring the 'iffic(lt& to
attract, motivate an' retain the best emplo&ees in an organisation. $o
anal&se the reasons, %e first nee' to (n'erstan' %hat $!L/N$0 means.
People have 'ifferent vie%s an' 'efinitions. !ccor'ing to Leigh Branham, vice
presi'ent, cons(lting service at Right 1anagement ons(ltants an' a(thor of
the boo3, 4eeping People -ho 4eep #o( in B(siness0, a talent is not rarean' precio(s. /ver&one has talent 5 too man& to possibl& name all. $alent is
behavior6 things %e 'o more easil& than the ne+t person. -e spea3 of
nat(ral born talent0 b(t those %ith a gift, 3nac3, abilit& or flair for something
can refine an' 'evelop that talent thro(gh e+perience. $alent, ho%ever,
cannot be ta(ght. !s someone once sai', &o( can teach a t(r3e& to climb a
tree, b(t it is easier to hire a s)(irrel0.
7ice Presi'ent, "R of 8eagram, 1r. opi Nambiar, sa&s talent can be best
'escribe' as a combination of abilities an' attit('es. $he real tric3 is to
match the right motivate' talents to the right role, in'ivi'(all& an'
collectivel&, harnessing an' harmonizing this cr(cial attrib(te to achieve theobjectives of &o(r compan&.
$o'a&, companies have become fiercel& competitive %hen it comes to
attracting an' retaining talent. !ccor'ing to Branham, 9: per cent of the
senior e+ec(tives a'mit that emplo&ee retention is a major concern to'a&,
the obvio(s reason being the increasing rate of t(rnover*. $his '&namicall&
changing an' volatile 'eman';s(ppl& e)(ation %ith s(ch erratic attrition
tren's an' c(t throat competition has le' organisations to foc(s on
mechanisms pertaining to attracting an' retaining talent. It is an accepte'
tr(th that t(rnover %ill happen an' companies nee' to 'evice a strateg& to
c(rb (nprece'ente' t(rnover from affecting organisational s(ccess.
!s the
8/13/2019 21436594 Talent Management Project Report
3/40
8/13/2019 21436594 Talent Management Project Report
4/40
8/13/2019 21436594 Talent Management Project Report
5/40
Talent management is a key business process and like any business process takes
inputs and generates output!
8/13/2019 21436594 Talent Management Project Report
6/40
The process of talent management
8/13/2019 21436594 Talent Management Project Report
7/40
TALENT
MANAGEMENT
Visionission!trategy
Strtre
"oles
Com#etenies re$ired
%Seleting and de&elo#ing'
INPUT
Kno"ledge
Tapping the full potential
Brea#through Performance()T*)T
8/13/2019 21436594 Talent Management Project Report
8/40
8/13/2019 21436594 Talent Management Project Report
9/40
competencies become redundant with time and new competencies need to be
developed! Thus% over time% the entire approach to development of people might be
rendered obsolete calling for rethinking the entire development initiative!
Talent management on the other hand focuses on enhancing the potential of people by
developing capacities! &apacities are the basic '() of an organization and also of
individual potential! *n fact% the following appropriately describes the role of talent
management:
D N '
Point of Departure Na$igation Point of 'rri$al
Translating organizational vision
into goals and mapping the
re+uired level of capacities and
competencies to achieve goals
)ligning individual values
and vision with
organizational values and
vision
&lear understanding of the
varied roles within theorganization and appreciation
of the value$addition from self
and others leading to building
a culture of trust% sharing and
team orientation
)ssessment of talent to profile the
level of capacities and set of
competencies possessed within
the organization
,nhancing capacities to
learn% think relate and
act through development
initiatives
*ndividual growth to meet and
accept varied% incremental
and transformational roles in
an overall scenario of
acknowledged need for
change
-ap analysis and identification of
development path
"elping individuals
realize their full
potential through
learning and
development
'eveloped individuals
enabling breakthrough
performance
The focus of talent management
)t the heart of talent management is developing the following intrinsic human
capacities:
() Capacity to learn *measured as learning +uotient ,-.
8/13/2019 21436594 Talent Management Project Report
10/40
To
NT to attrat and retain the em#lo-ee.ti&eness and
ien-. ,t an also be long rn.earn
To
Thin
k
,nhancing an individual.s capacity to learn improves the person.s awareness! *t adds
to the person.s +uest to know more and delve into newer areas! This capacity is
developed by holistic education that teaches how to learn% an enabling environment
and good mentoring! &apacity to learn comprises of the following:
*ntrospection is the individual.s willingness to look back and learn ability tolearn from mistakes and identifying areas of improvement!
#eflection and contemplation is the individual.s ability to observe his own
thoughts% actions and emotions/feelings and using the awareness to improvefurther and perform better!
-etting into the flow is the individual.s ability to get into a new experienceand flow with the experience! *t is the person.s child$like ability to derive 0oyout of learning!
/) Capacity to thin# *measured as conceptual +uotient C-.
)n individual.s +uest to know more leads his mind to create images! ,nhancing an
individual.s capacity to think helps the person not only take learning to a higher level
of intellect but also improves creativity! &apacity to think comprises of the following:
)nalysis is about asking the right +uestions and breaking complex things intosimpler elements!
&reativity is about generating new thoughts and breaking the existing patternsof thought!
1udgment re+uires both! This is what helps an individual take +ualitydecisions!
*ntrospection#eflection 2
contemplation
3low
)nalysis&reativity1udgment
8/13/2019 21436594 Talent Management Project Report
11/40
To
#ela
te
To
)
ct
0) Capacity to relate *measured as relationship +uotient R-.
*t is important for an individual to be able to relate to his learning and thoughts! This
leads the person to be able to relate to other individuals and the environment around
him! The outcome is indeed a sense of belongingness and an environment of trust at
the organizational level and team spirit at the individual level! &apacity to relate
comprises of the following:
istening is the individual.s ability to listen with warmth and respect! )ctivelistening is free of biases% evaluation and pre$conceived notions!
,mpathizing is the ability to put self in someone else.s shoes and getting out ofone.s own shoes!
Trust re+uires a combination of both empathizing and listening! *t is aboutauthenticity% openness and genuineness!
1) Capacity to act *measured as action +uotient '-.
)ction is how the above three capacities of an individual are manifested! *t is the
individual.s ability to enact his intentions! 3ollowing are components of capacity to
act:
4rganizing refers to the individual.s ability to organize his time and resourcesso as to enable him to convert intentions into reality!
*mplementing means delegating% attention to detail% and focus on the rightprocess!
Perform under pressure means the ability to work under pressure and timeconstraints and handle multiple tasks without negative stress!
,mpathizingisteningTrust
4rganizing*mplementing5orkunder
pressure
8/13/2019 21436594 Talent Management Project Report
12/40
8/13/2019 21436594 Talent Management Project Report
13/40
Thus the domain of talent management focuses not only on development of
individual.s intrinsic capacities% but also on culture building and change management
to provide the other elements listed above for manifestation of talent into
performance!
The service and consulting areas of talent management that thus emerge are:
Talent appreciation
Potential enhancement
)c+uisition of talent
Knowledge management
-row Talent offers services in all the above areas! -row Talent.s offerings are based
on the models discussed above and follow a uni+ue methodology!
Talent appreciation *T'PT.
T)PT6 services from -row Talent are focused on assessing the way individuals learn%
think% relate to others% and act! Tap is used to evaluate the capacities% competencies
and values of individuals for assessment of potential for career development and
succession planning!
This is intricately linked to helping organizations map their capacity and competency
re+uirements and then assessing talent to draw up individual development plans! The
talent profiling thus done for organizations helps them identify critical competencies
to be developed and capacities to be enhanced in order to meet future business
re+uirements and achieve plans!
Potential enhancement *P6PT.
The focus of P,PT6is to create learning experiences and solutions for individuals that
will help convert their talent into competence! *t also involves designing learning
events and processes that enhance the potential of individuals!
Two intrinsic components of -row Talent P,PT6
are:
&apacity building modules $ which focus on enhancing the four capacities ofindividuals
8/13/2019 21436594 Talent Management Project Report
14/40
&ompetence building modules 7 which focus on specific areas like consultingskills% problem solving% service +uality% strategic selling% process designing%interviewing skills% etc!
'c+uisition of talent *'CTT.
-row Talent.s approach to helping organizations ac+uire talent is based on the
following:
"elping organizations define roles for specific leadership positions based on8preferred futures8 and strategy
*dentifying the competencies re+uired for each of these 0obs
'etermining the levels of fundamental capacities of learning% thinking% relatingand acting needed to ac+uire these competencies
'efining the values which are needed to display the desired behaviors
*dentifying individuals who would fit into these positions
,nable organizations and individuals to establish mutually acceptable contracts
for employment and lay the foundation of win$win relationships
Kno"ledge anagement
)s said earlier% the domain of talent management includes culture$building and change
management! Knowledge management services from -row Talent are aimed at
leveraging knowledge for performance by creating an environment for sharing by
building trust! The focus of knowledge management is to connect people and
technology to capture and harness the tacit knowledge of the organization! By making
trust the bandwidth of communication% knowledge management enhances sharing and
thereby creates an appropriate environment for talent to translate into performance!
5ith its comprehensive spectrum of services for talent management and uni+ue
methodology% -row Talent is strongly positioned to help organizations gain a
competitive and sustained talent advantage!
8/13/2019 21436594 Talent Management Project Report
15/40
,IT6R'TUR6 R6VI689
) detailed survey of the concerned literature has been carried out based on various
0ournals% reviews concerned magazines and internet and presented below:
)ny 4rganization needs to have a vision and a well defined strategy on hiring for thefuture! 5e should have the right talent to attract and retain the best available talent
for which a number of measures for talent management are re+uired!
9K)#T"*K,)(%; $ol/0 issue 1
3ocusing on the challenge of attracting and retaining talent faced by *ndian "#
mangers% the article outlines initiative that can be put in place to help organization
retain nurture and retain the talent@@@@
8/13/2019 21436594 Talent Management Project Report
16/40
;OURN',!
K'RT&IK6?'N ; *ay /@@A.> Talent management strategies> N&RD ournal>
&ydera:ad> p/0/
4rganization need to have a vision and a well defined strategy on hiring for the future!
'o we have the right talent within to attract and retain the best available talentA )
number of measures for talent management are Suggested@@@!!
P'NDIT ? V , *ay /@@A.> Talent retention strategies in a competiti$e
en$ironment> N&RD ournal> &ydera:ad> p/A/E
3ocusing on the challenge of attracting and retaining talent faced by *ndian "#
mangers% the article outlines initiative that can be put in place to help organization
retain nurture and retain the talent@@@@
8/13/2019 21436594 Talent Management Project Report
17/40
PROB,6 ID6NTIFIC'TIONI$ $!4/8 $alent to spot $alent ! tone 'eaf %ill never be able to appreciate
the m(sic of maestros. Onl& a seasone' je%eler %o(l' 3no% that all that
glitters is not real !n', onl& those %ho can recognize the %orth of a 'iamon'
can val(e it, for others itCs j(st a stone $alent is 'oing easil& %hat others fin'
'iffic(lt.
In an organization, there is nothing more cr(cial than fitting the right
emplo&ee in the right position. Or else &o( %o(l' be tr&ing to fit a s)(are peg
in a ro(n' hole. -hen people 'o jobs that j(st 'onCt s(it their li3ing,
inclination or temperament, the res(lts, or rather the lac3 of them %ill be
'isastro(sl& obvio(s. Lo% pro'(ctivit&, 'issatisfaction, lo% morale,
absenteeism an' other negative behavior %ill become t&pical till the
emplo&ee is sho%n the 'oor. Or perhaps, there is another option ; $alent
1anagement
A
conscious, deliberate approach undertaken to attract,develop and retain people with the aptitude and abilities
to meet current and future organizational need
Organization nee' to have a vision an' a %ell 'efine' strateg& on hiring for
the f(t(re.
In'ia has become the o(tso(rcing capital of the %orl' an' this has create' its
o%n set of "R challenges. In'ia*s biggest problem is that )(alifie' gra'(ates
are becoming scarce.
8/13/2019 21436594 Talent Management Project Report
18/40
R6!6'RC& 6T&ODO,O7?PRI'R? D'T'For the p(rpose of collection of primar& 'ata t%o %eb a'ministere'
)(estionnaire %ere prepare'. One )(estionnaire %as ma'e for "R
professionals or the people involve %ith the talent management in the
organization an' other one %as for the emplo&ees of the organizations.
QUESTIONNAIRE: HR Professional
L,N/0
http://www.eSurveysPro.com/Survey.asp!id"#$e#bb%&'faf&'#(#c'bdb)'b*c$d))+ef*
$he researcher foc(se' on a comprehensive set of %or3place practices that
infl(ence emplo&ee motivation, commitment an' %illingness an' 'esire to
achieve at %or3. $he researcher i'entifie' these practices an' a 'eep
(n'erstan'ing of t&pical organizational programs to ens(re that the)(estionnaire covere' the broa'est spectr(m of tangible an' intangible
aspects of the %or3 environment. !s a res(lt, the )(estionnaire incl('e'
items abo(t the f(ll range of re%ar's practices, lea'ership an' management
effectiveness, comm(nication, c(lt(re an' attrib(tes relate' to these
tangible an' intangible aspects. Respon'ents came from a range of
in'(stries, incl('ing telecomm(nications an' technolog&, financial services,
e'(cation, health care, energ&, retail, transportation, cons(mer pro'(cts an'
man(fact(ring.
Sam#le Si1e0 23
QUESTIONNAIRE: EMPLOYEES
L,N/0
http://www.eSurveysPro.com/Survey.asp!id"&)+$dd(&'#e$'#-%f'
b*b)'#acdd#db((
$he prime foc(s of this )(estionnaire %as to compare %ith the responses
obtaine' b& above )(estionnaire. $he talent management initiative is ta3en
b& the "R professionals b(t the implication of this initiative is on the
emplo&ees. B& this )(estionnaire, the researcher trie' to fin' o(t the
effectiveness of s(ch talent management initiative as %ell as the satisfactionlevel of the emplo&ees.
Sam#le Si1e0 45
$hese )(estionnaire lin3s %ere maile' to the respective respon'ent an' 'ata
%as collecte' thro(gh the %ebsite. $he researcher create' an acco(nt %ith
8/13/2019 21436594 Talent Management Project Report
19/40
the hosting %ebsite www.surveyspro.comfor (ploa'ing as %ell as assessing the
response 'atabase.
http://www.surveyspro.com/http://www.surveyspro.com/8/13/2019 21436594 Talent Management Project Report
20/40
!6COND'R? D'T' Do(rnals an' Research Paper Ne%sletters "R %ebsites
!T'TI!TIC', TOO,!9 Pie charts Bar graphs !verages orrelation
!'P,IN7 T6C&NI-U6!9D('gmental 8ampling
8/13/2019 21436594 Talent Management Project Report
21/40
'N',?!I!9
&R PROF6!!ION',
-hat are the areas &o(r organization nee's to improve in terms of talent
management initiativesA
!ligning emplo&ees %ith the mission an' vision of &o(r
organization
65.789
!ssessing can'i'ates s3ills earlier in the hiring process 35.559
reating a c(lt(re that ma3es emplo&ees %ant to sta& %ith the
organization
65.789
reating a c(lt(re that ma3es in'ivi'(als %ant to join the
organization
65.789
reating a c(lt(re that val(es emplo&ees %or3 65.789
reating an environment %here emplo&ees are e+cite' to come to
%or3 each 'a&
35.559
reating an environment %here emplo&ees i'eas are listene' to
an' val(e'
35.559
reating policies that enco(rage career gro%th an' 'evelopment
opport(nities
:4.:69
I'entif&ing gaps in c(rrent emplo&ees an' can'i'ate competenc&
levels
37.579
8/13/2019 21436594 Talent Management Project Report
22/40
-hat are the areas &o(r organization nee's to improve in terms of
talent management initiativesA
65.789
In your organi1ation $ho is primarily responsi2le for 33 4tic5 one per statement6
No one Department
head(excludes
employee
supervisor)
Hr staff Internal
coach(exclude
s employee
supervisor)
Mentor
(excludes
employee
supervisor
)
Outside
consultant
others
Recruiting in!ivi!uals 0% (0) 6% (!") 6% (!") "% (!) "% (!) "% (!) "% (!)
*urther !eveloping
employees
"% (!) #"% (!$) !% () !% () !&% (") "% (!) !% ()
Retaining employees"% (!) 6% (!") #0% (!!) '% ($) "% (!) '% ($) '% ($)
hich roadly defined *o description are the most critical in terms of attractin+
and retainin+ employees,
! (very
critical)
$ " # (not critical)
0%(0) 0%(0) 0%(0) 0%(0) 0%(0)
sales ##% (!0) % (6) #% (!) #% (!) 0% (0)
mar5eting $% (#) ""% (&) $$% (") #% (!) 0% (0)
Business !evelopment #0% (!0) #% () $0% (") 0% (0) 0% (0)
finance !#% () $#% (#) "#% (') !#% () 0% (0)
*iel! operations #% (!) $!% (") 6% () $6% (#) !0% ($)
Research an!!evelopment $% (#) &% (&) $&% (6) "% (!) "% (!)
innovation $#% (#) "0% (&) $#% (#) !0% ($) 0% (0)
Business unit lea!ership $#% (#) #% () 0% (6) !0% ($) 0% (0)
,enior management &% (&) &% (&) !'% (") "% (!) 0% (0)
Programme management !'% (") $% (#) "% (!0) '% ($) 0% (0)
8/13/2019 21436594 Talent Management Project Report
23/40
8/13/2019 21436594 Talent Management Project Report
24/40
e8cite! to come to $or5 each !ay ()
Creating an environment $here employees i!eas
are listene! to an! value!
'% ($) "% (!) "$%
(')
"$% (')
Creating policies that encourage career gro$th an!
!evelopment opportunities
#% (!) #% (!) "%
(')
"$% (&)
I!entifying gaps in current employees an! can!i!ate
competency levels
"% (!) !'% (") $&%
(6)
"% (!0)
I!entifying vacancies that $ill 2e create! as the
company a!vances an! e8pan!s
'% ($) !"% () #%
(!$)
!'% (")
Re$ar!ing top performing employees '% ($) 0% (0) "$%(')
"% (!0)
In the next three years ho. effective .ill the follo.in+ elements of compensation e in
terms of attractin+ and retainin+ top performers,
!(most effective) $ " #(least effective)
Base pay #% % 0% '% 0%
"ealth care 2enefits !'% "$% $% !"% 0%
Retiremente!ucation 2enefits % % !'% !"% 0%
,hare optionse9uityparticipation
% !"% $&% !"% '%
Chil! care costsarrangement $#% !0% #% 0% 0%
+o2 security #$% !'% $% 0% "%
E=lding finanial om#ensation whih of the following do -o belie&e
are effeti&e means of rewarding moti&ating and retaining talent
8/13/2019 21436594 Talent Management Project Report
25/40
J.JJG 2J.JJG IJ.JJG KJ.JJG J.JJG
Provi'ingtraining
-or3ing%ithemplo&ees to
Provi'ingmentoringan' fast
Provi'ingacollaborative
Provi'ingthe opport(nit&to
F(n'inge'(cational nee's
/nco(ragingris3 ta3ingan'
1aintainingthe rep(tationof
Provi'inginternational
8eriesE
How aratel- do the following statements desribe ations taken> or
soon to be taken b- -or organi1ation
sales
mar3eting
B(siness 'evelopment
8/13/2019 21436594 Talent Management Project Report
28/40
6P,O?66How long ha&e -o been working for the om#an- and what wold -o like to know more
abot an' the& give them top priorit& in their organization =KG>.$he&
also have e+cl(sive staff member for managing talent initiatives =KG>
In most of the companies the talent is i'entifie' b& competencies
=2G> an' the "R professional vie% to increase career gro%th
opport(nit&.
"R staffs as %ell as the 'epartment hea's are responsible for
recr(iting in'ivi'(als =KG>
Retaining the c(rrent talent is top priorit& for the organization=G>
8ales an' b(siness 'evelopment are the t%o areas %here retaining
talent is most 'iffic(lt
lass room %or3shop, mentoring an' coaching are (s(all& (se' b& the
organization to carr& o(t talent 'evelopment activities.
1ore than KJG of the respon'ent vie% organizational c(lt(re as a main
'riving force for the ne% talent an' for the e+isting talent. /ven
re%ar'ing pla&s a important role =G>
Base pa& =:9G> an' Dob sec(rit& =:2G> are the t%o main areas for
retaining talent in coming &ears. Other than this, training pla&s an
important role in motivating the emplo&ee.
Organizations are (sing certification for improving the training
programs.
In more than HJG of the organizations b('get for recr(iting 'eveloping
an' retaining emplo&ees is going to increase over the ne+t three
&ears
8/13/2019 21436594 Talent Management Project Report
35/40
6P,O?66!
1ost the emplo&ees have a clear 3no%le'ge abo(t the compan&*s
vision, mission an' objectives. !n' the& 3no% ho% to achieve these
objectives =9KG>
$he& are clear abo(t their role an' responsibilit& =:G> an' the& 3no%
abo(t other staff members also.
1ost of the respon'ent are satisfie' b& job 'escription, salar& revie%,
health care benefits etc.
Base pa& =KJG> an' Dob sec(rit& =G> are in top priorit& for the
emplo&ees in coming &ears.
!part from financial benefits, emplo&ee emphasis more on career
gro%th, %or3 c(lt(re an' international opport(nities.
HEG of the emplo&ees %ant more training in their specifie' job.
$he emplo&ees have a mi+ response on benefits li3e 1e'ical ins(rance
pac3age, ompan& savings plan, Retirement plan, "oli'a& /ntitlement,
Dob mar3et etc.
KG of the emplo&ees are satisfie' %ith the companys personnel policies $here
as ? are neither satisfie! nor !issatisfie!
Overall ?> employee are e8tremely satisfie! $here as A> are 7ust satisfie! $ith their
organi1ationE
8/13/2019 21436594 Talent Management Project Report
36/40
R6CO6ND'TION!
Organizations m(st have meaningf(l 'escriptions of the capabilities
=s3ills, behaviors, abilities an' 3no%le'ge> re)(ire' thro(gho(t the
organization.
Organizations m(st be able to relate those s3ills an' capabilities to a
role or a center of 'eman', s(ch as a job position, project or lea'ership
role. $alent management processes m(st create a comprehensive profile of
their talent. $he& m(st be able to trac3 meaningf(l talent relate'
information abo(t all of their people ; emplo&ees, contractors, or
can'i'ates.
$he %or3ing c(lt(re of the organization sho(l' be improve' an'
maintaine' to retain talent in long r(n.
1ore certifie' training sho(l' be given to the emplo&ee to boost their
effectiveness an' efficienc&. It sho(l' be (se' as a tool of motivation.
$he organization sho(l' i'entif& the cr(cial talent initiative to attract
an' retain the emplo&ee. $he& sho(l' 3no% %hich talent management
elements can have the greatest impact on the b(siness an' therefore
provi'e a better basis for prioritization an' implementation.
$o create a sophisticate' talent management environment,
organizations m(st
8/13/2019 21436594 Talent Management Project Report
37/40
Prepare the %or3force for changes associate' %ith the ne%
environment
CONC,U!ION
!s organizations contin(e to p(rs(e high performance an' improve' res(lts
thro(gh $1 practices, the& are ta3ing a holistic approach to talent
management@from attracting an' selecting %isel&, to retaining an'
'eveloping lea'ers, to placing emplo&ees in positions of greatest impact. $he
man'ate is clear for organizations to s(ccee' in to'a&*s rapi'l& changing
an' increasingl& competitive mar3etplace, intense foc(s m(st be applie' to
aligning h(man capital %ith corporate strateg& an' objectives. It starts %ith
recr(iting an' retaining talente' people an' contin(es b& s(staining the
3no%le'ge an' competencies across the entire %or3force. -ith rapi'l&
changing s3ill sets an' job re)(irements, this becomes an increasingl&'iffic(lt challenge for organizations. 1eeting this organizational s(ppl& an'
'eman' re)(ires the right $alent
8/13/2019 21436594 Talent Management Project Report
38/40
'NN63UR6
For more Notes, Presentations, Project Reports visit
hrmba.blogspot.commbafin.blogspot.coma2zmba.blogspot.com
8/13/2019 21436594 Talent Management Project Report
39/40
BIB,IO7R'P&?
E. 8i+ -a&s to 1ine $een $alent,Q !n'rea . Poe, 8ociet& for "(man Reso(rce
1anagement, 1arch 2JJE
2. -inning the Best an' Brightest Increasing the !ttraction of P(blic 8ervice,Q
arol het3ovich, $he Price%aterho(seoopers /n'o%ment for $he B(siness
of overnment, D(l& 2JJE.
. !ttracting an' 4eeping $he Best an' the Brightest 8(rve& Res(lts From
o(ncil for /+cellence in overnment Principals on "o% to et,
8/13/2019 21436594 Talent Management Project Report
40/40
E:.mbafin.blogspot.comEK.a2zmba.blogspot.com