Current Trends in Talent Management
February 12, 2025
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What is Flex Work and Some Trends Which Indicate its Popularity Flexible Working or Flex Work is defined as any working arrangement that involves remote work, telecommuting, part time and freelancing, and other forms of flexible working arrangements. As the name implies, any sort of adaptable and flexible working arrangement between the employees and the […]
Entrepreneurship is Fashionable These days, entrepreneurs are everywhere. From Silicon Valley to Sao Palo in Brazil, and from Boston to Bangalore, starting one’s own business is indeed the rage among the young and the restless. Moreover, ever since the Great Recession of 2008, full-time jobs have become scarce and in addition, with the rise of […]
Job Analysis supports all other management activities including recruitment and selection, training and development need analysis, performance analysis and appraisal, job evaluation, job rotation, enrichment and enlargement, a right job-individual fit creation and regulation of entry and exit of talent in an organization. The process is the basis of all these important management activities, therefore, […]
Human Touch: the Key Skill that You need to Outlast the Machines What is that humans can do and machines cannot? Or, what is that helps you to retain your job from automation and avoid being replaced by a robot? What are the in demand jobs in the future that makes some occupations more critical […]
Talent management, beyond an iota of confusion, is critical to organizational success. It’s equally important for innovation, customer satisfaction, profitability and new product development of the organization. All go hand in hand. People are at the center of any organization. They are outside it as well as inside the same.
Unfortunately for talent management, not many organizations have realized the importance of it till date. They still consider it as an overhead, much of which may be attributed to the fact that it does not directly reflect in the balance sheet of the company. When we dwell into the reasons we find that somewhere those are the helm of affairs in HR fail to implement talent management in their organizations effectively. In addition many HR personnel either are themselves not convinced with the practice or lack the relevant skills to implement the same.
In such a scenario outsourcing is one way to look at solving the problem. The idea is that those who are best in the business will take care of the same. Talent management consulting organizations have people who are specialists in the department. After all it is very important to have a talent management strategy in place that is consistent, systematic and strategically focused. But there are pros and cons to outsourcing talent management. Let us analyze each of them.
Primarily organizations outsource their talent management because of underlying assumptions like - the management will be effective, efficient and result oriented, HR people will be spared of unnecessary engagement, employees can be focused in their respective domains and the like.
The following are some of the benefits or positive aspects of talent management
The negative views are based on the fact that since it’s the employee data and the employees themselves that the talent management consulting deals with, there is a potential risk of the information getting leaked. However the negative aspects of talent management consulting are summarized as follows:
Organizations world over have begun to realize the importance of talent management especially after the economic downturn. Outsourced or otherwise, it is crucial for any organization that wants not only to survive but also excel in their respective sphere. The decision is theirs!
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