21436594 Talent Management Project Report

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