Achieving Competitive Advantage through Talent Management
February 12, 2025
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Entrepreneurs need to follow some basic principles which would serve as guidelines and beacons for their success. Based on the research conducted over a period of three years and by interviewing more than 150 entrepreneurs, noted author and management expert, Bill Murphy came out with a book about entrepreneurship which was published by Harvard Business […]
Organizations are increasingly facing the heat of attrition, which is not good to health of the same. Money and resources are spent into training an individual for a particular job and when he/she leaves the return on that investment equals null. Often it is not for the money that people leave; that may be the […]
The Role of Opinion Leaders and Change Agents in Diffusion of Innovations Knowledge management systems are effective when the innovations are pioneered by organizations. Apart from the innovations themselves, they have to be diffused throughout the organization to benefit the employees. The key question here is that when there are thousands of artifacts and documents […]
If you are thinking of making a living through creative professions such as writing, design, art, or the other creative and offbeat professions, there are indeed ample opportunities to make tons of money as well as indulge in one’s passion. While in earlier eras, only a few among the writers and artists as well as […]
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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