Professional Documents
Culture Documents
MANAGEMENT
What is talent management?
Talent management is a process that emerged in the
1990s and continues to be adopted, as more
companies come to realize that their employees’
talents and skills drive their business success. These
companies develop plans and processes to track and
manage their employee talent, including the following:
Attracting and recruiting qualified candidates with
competitive backgrounds
Managing and defining competitive salaries
Training and development opportunities
Performance management processes
Retention programs
Promotion and transitioning
Why Talent Management?
Workforce cost is the largest category spend
for most organizations. Automation and
analysis of your recruiting and hiring
processes provides the immediate
workforce visibility and insights you
need to significantly improve your
bottom line.
2. Automate the talent management process into an online solution there by reducing
time and costs of performance reviews.
4. Align training demand with performance needs and strategic goals directly there
by reducing time and money spent on non-strategic training activities.
Purpose
Identifying star performers at various levels
v Recruit
Internal / external recruiting, on-boarding programs
v Development
Internal recruiting, learning and development,
performance management
v Retention
On-boarding, learning and development, rewards and
recognition programs
v
Challenges of talent management
Attracting and retaining enough employees at all levels to
meet the needs of organic and inorganic growth.
Creating a value proposition that appeals to multiple
generations.
Developing a robust leadership pipeline.
Rounding out the capabilities of hires who lack the breadth
of necessary for global leadership.
Transferring key knowledge and relationships.
CONTD…
Redesigning talent management practices to attract
and retain Gen Y's.
Creating a workplace that is open to Boomers in
their "second careers.“
Overcoming a "norm" of short tenure and frequent
movement
Enlisting executives who don't appreciate the
challenge.
The Financial Value of Talent Management
Increase Revenue
Customer satisfaction
Improve quality
Increase productivity
Reduce Cost
Y O U
THA N K
Team members
Deepali Pardeshi
Disha Dhanesha
Rajesh Kurmi
Chandan Nagar
Mohd Irshad Ansari