Achieving Competitive Advantage through Talent Management
February 12, 2025
Why do we work? Why do we work? The obvious answer to this question would be that we need the money and benefits to support our families and ourselves. However, is money the only criterion for working? Moreover, many work to remain productive and active throughout their adulthood without which they would lapse into depression […]
In the present business environment of cut throat competition and globalization, competency based practices have gained much of an attention from the contemporary organizations. They aim at achieving an optimum performance in the long term by developing the skills and competencies of the employees on a continuous basis. Competency based management systems are primarily employee […]
Why Worried Governments and Business Leaders are Regulating after Hours Availability In our 24/7 breakneck speed and hyper-connected world, employees are expected to put in many hours and also be responsive to calls and emails as well as other forms of communication even after working hours. Indeed, ask any professional in any field and invariably, […]
How to tap the potential of employees who are not actively engaged or are disengaged? Yes, the management studies conducted over last few years have revealed that only 11 percent of the total employee strength is actively engagement and feels a strong commitment towards their work and workplace. The rest 89 percent of the employees […]
How Small Entrepreneurs face lack of access to capital In recent years, prominent among the revolutions in personal finance and savings has been the rise of microfinance or microcredit as it is also known as. To understand how this works, picture yourself as a small businessperson (you can be a farmer with a marginal landholding, […]
If you ask me for the guidelines for talent management, my response would be the following:
Yes, the prime focus of talent management is enabling and developing people, since the quality of an organization is determined by the people it employs and has onboard. After hiring and deploying we may say that retaining and nurturing talent is quintessential.
Talent management also known as human capital management is evolving as a discipline that encompasses process right from hiring people to retaining and developing the same. So it includes recruitment, selection, learning, training and development, competency management, succession planning etc. These are all critical processes that enable an organization to compete and stand out in the market place when managed well!
Talent management is now looked upon as a critical HR activity; the discipline is evolving every day. Let’s analyze some trends in the same.
It is also of interest to organizations to know their skills inventories and then develop the right individual for succession planning internally.
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