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    Unit 1 - 2 Talent Managment

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    Rahul Kumar
    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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    Unit 1 - 2 Talent Managment

    Uploaded by

    Rahul Kumar
    12 views22 pages
    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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    Unit 1_2 Talent Managment

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    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.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    12 views22 pages

    Unit 1 - 2 Talent Managment

    Uploaded by

    Rahul Kumar
    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.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 22

    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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