Importance of Discipline and Punctuality at Workplace
Discipline and punctuality are two most essential traits required in a professional to be successful. Discipline ensures individuals behave in an acceptable way at the workplace and also adhere to the rules and regulations of the organization. Individuals who are disciplined are not only successful professionally but also in their personal lives. Disciplined employees are […]
Youth Entrepreneurship Policy Making – A Perspective
Keeping in line with the ILO and UN Organizations focus and emphasis in the area of Youth Entrepreneurship, several countries have begun to work towards designing policy framework for developing Youth Entrepreneurship in the country. Academicians and several agencies have invested into studying and bringing out a lot of data and information defining Youth entrepreneurship […]
Financial Benefits of Talent Management
There are pros and cons of every management philosophy and the associated processes. Talent management is no exception to it. While many organizations simply decline to have it under their umbrella because it costs the exchequer, still others approve of it equally strongly as an effective people management process. Before we discuss the financial benefits […]
What is Second Chance Hiring and Why It Matters in the Present Times of Distress?
What is Second Chance Hiring and why it has emerged as a Trend in the Present Times? We consider it an axiom that once someone is fired from a job or has done time in prison or otherwise, have a bad or blotted record, then chances of such people finding jobs is difficult and almost […]
What Should Companies do to Actualize Collective Knowledge Management
The Internal Dilemma of Employees Unwilling to Share Knowledge Managing the accumulated and discrete knowledge in an organization can be tricky. For instance, organizations might have knowledge about processes and projects that are distributed across the organization and not collated and centralized in one repository. This is where an effective knowledge management that centralizes and […]
Talent management can be a discipline as big as the HR function itself or a small bunch of initiatives aimed at people and organization development.
Different organizations utilize talent management for their benefits. This is as per the size of the organization and their belief in the practice.
It could just include a simple interview of all employees conducted yearly, discussing their strengths and developmental needs. This could be utilized for mapping people against the future initiatives of the company and for succession planning.
There are more benefits that are wide ranged than the ones discussed above. The benefits are:
The skill or competency mapping allows you to take stock of skill inventories lying with the organization. This is especially important both from the perspective of the organization as well as the employee because the right person is deployed in the right position and employee productivity is increased. Also since there is a better alignment between an individual’s interests and his job profile the job satisfaction is increased.
The focus is now on charting employee retention programs and strategies to recruit, develop, retain and engage quality people. Employee growth in a career has to be taken care of, while succession planning is being performed those who are on the radar need to be kept in loop so that they know their performance is being rewarded.
Apart from this having a strong talent management culture also determines how organization rate their organizations as work places. In addition if employees are positive about the talent management practices of the organization, they are more likely to have confidence in the future of their organization. The resultant is a workforce that is more committed and engaged determined to outperform their competitors and ensure a leadership position in the market for their organization.
Your email address will not be published. Required fields are marked *
