Corporate Strategies to beat the Downturn: Cutting Slack and Layoffs
The Difference between Top Line Growth and Bottom Line Profitability Corporates need growth to sustain their activities and increase their profits. What is known in financial jargon as Top Line Growth is the increase in revenues that happens because of growth that the corporate actualizes during a given year. In contrast, what is known as […]
Hybrid Model of Human Capital Management
As the name suggests, hybrid model of human capital management is a mix of common resource pool model and unique skill set model. In hybrid model, employees are multiskilled and have diverse set of experiences and backgrounds. Hybrid model employees come from varied backgrounds and have a generalist profile. In a layman’s language hybrid model […]
Tips for new employees in an organization
Being in a new job brings in lot of apprehensions, anxiety, and do’s and don’ts. Here is what should be done after getting a new job… What is it that your supervisor expects: Always be clear of your supervisor’s expectations. Whether your supervisor is detail oriented or does he/she like to see only the big […]
Process of Employee Engagement
This is the hardcore fact that the future business performance and revenues and profitability of an organisation no longer depends upon traditional capital management and investment and portfolio management. But the success of any organisation in this constantly changing world of work depends upon human capital management. The companies who understood this fact long before […]
Predictive Analytics in Knowledge Management
The foundation of a strong knowledge management (KM) system is data. However, using data effectively is the key to real success. Companies can perform a process called predictive analytics with their data in order to save valuable time and money within their organization. What is Predictive Analytics? According to Harvard, Predictive analytics is the use […]
Creating a talent-rich workforce can make a great deal of difference in the world of business. Unleashing the talent, ability and aptitude of the human resources, undoubtedly, is one of the most difficult tasks in the world.
If you’re able to hire the best industry talent and balance the human intellect, this is, for sure, more than a miracle. To get going and winning the battle of competition, talent management professionals can be of great help to any organization.
These days when there is so much uncertainty in the business world, talent management professionals come as a rescue who handle your entire talent management lifecycle while unleashing and harnessing the gift and intellect of the employees.
Talent management jobs, nowadays, are not restricted to just recruitment and selection. It means much more than that.
However, it may be the beginning of one’s career. The core responsibilities of a talent management professional include sourcing, attracting, recruiting, selecting, and training, developing, deploying, evaluating, appraising and retaining the best talent.
Individuals who want to build their careers in this particular line of Human Resource Management must learn how to tap the diverse talent to meet the organization’s requirements. Their aim should not be limited to poach the high-worth individuals of their competitors but they should be able to deploy them properly and meet the challenges in today’s highly competitive marketplace. Simply hiring them does not solve the purpose.
Individuals may start their careers as a recruitment consultant. However, the profession may seem unattractive to them because of the current image of a recruitment professional in the industry. But it is one of the most important stages in one’s career as the individual himself discovers and develops his own natural talent.
This is the best time when he or she understands what it takes to source and attract the high-profile individuals. Blended learning and the knowledge of internet-based tools help them understand the tricks of the trade. By now they know how to leverage their own strengths and accordingly, they manage their professional development.
Next stage is to be a talent smart manager. This is when one increases their basic skills and builds a powerful social network aligns efforts to ensure a career fit. Understanding the industry trends, practicing mastery and mentoring juniors are the main responsibilities of a talent management professional at this stage.
By this time, there are several career options available to the professionals. Now the individual can accelerate his or her learning by supporting talent mentors and developing plans and practices according to ever-changing industry trends.
Understanding organizational trends, industry trends and the job trends and aligning them smartly to achieve the pre-decided goals. The talent management consultants help organizations create a high-performing work culture through their specialized services.
The next stage is to work as a trainer in organizations and provide coaching to the employees in order to help them understand their strengths and weaknesses and unleash their hidden potential.
Breaking the ice and making employees think beyond their imagination is a challenging task. The main aim of the talent management professional is to successfully align the organizational goals and individual aspirations.
Another lucrative field for individuals interested in this particular profession is to work as independent Talent Management Consultant. The professional helps the organization throughout the entire cycle of unleashing the natural gifts and talents of their people.
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