talent management

1. Chinky 04
Sonali 05
MBA(F)

2. DEFINATION
Talent may be defined as those executives who
perform consistently above normal, meet or
exceed the requirement of technical or functional
competencies and meet the requirement of
organisational core competencies

3. FEATURES
 Talent analysis
 Competency management
 Recruiting
 Performance management
 Talent assessment and review
 Employee development
 Learning
 Succession management
 Compensation management

4. FOUR PILLARS OF TALENT
MANAGEMENT SYSTEMS
4
PILLAR
S
RECRUITMENT
COMPENSATION

5.  Recruitment: Before HR managers can cultivate talent, they have
to get high-quality candidates in the door. Recruitment software can aid
the talent acquisition process by helping HR managers to research,
source, communicate with and continuously engage potential job
candidates.
 Learning: Learning management systems have long been used to
administer courses and other formal training programs.
 Performance: Most organizations have historically adhered to an
annual formal review process, where an employee sits down with his
manager to discuss strengths, goals and areas for improvement. But
today, HR managers are realizing that the performance management
process itself needs improvement.
 Compensation: talent management providers offer
compensation management modules to automate the task. In addition to
reducing manual labour and potential for errors.

6. Important aspects which are
needed for talent management
ATTRACTING
TALENT
SELECTING
TALENT
RETAINING TALENT

7. STRATEGIES TO RETAIN
TALENT/EMPLOYEES
 SELECTING AND TRAINING-Hiring and
training good employees is the key
strategy to retain employees
 AN EFFECTIVE ORIENTATION-The HR
professionals must see that the
orientation help an employee to
understand the work environment and
organization.
 JOB SATISFACTION-Lower job
satisfaction translates into higher
resignation with a resulting loss of the
valuable talent.
 CREATING TRUST-The most effective
way is to build trust is to work together.

8. Cont..
 EMPOWER EACH EMPLOYEE-It is
essential to empower each of employee
in the organization irrespective of his
level in hierarchy.
 STRESS MANAGEMENT-Employees
are struggling to cope up with the
growing stress caused by the increasing
requirements of highly competitive work
environment.
 CREATE AN MOTIVATE WORK
ENVIORNMENT

9. Potential Performance=TM
3 - high
performance,
2 -medium
performances
1- low
performance
‘C’ -
competencies
demonstrated in
the current
career stage
‘A and B’ -
competencies
demonstrated
for the next 1-2
career stage.
high
moderate
limited
low medium high

10. Talent pool description
Leadership Talent
• Consistent exceptional performer in the current role / career stage and
demonstrated potential to grown in to Leadership role.
Key characteristic are:
• Questions status quo – situations, assumptions, the way things are done &
leverages the situation through innovative ideas and solutions.
• Redefines the role today and tomorrow regardless of circumstances; goes
beyond expectations.
Management Talent
• Consistent high performer in the current role / career stage with adequate /
reasonable demonstrated potential to grow to next career stage.
Key characteristic are:
• Consistently delivers high performance by optimal usage of all resources, to
deliver required output.
• Organizes people and resources towards effective and efficient pursuit of pre-
determined objectives.
• Very dependable.
• May not be able to cope with complex/stretch assignments.

11. Support Talent
• Good / acceptable performance in the current role / career stage but with
limited potential to move to next career stage.
Key characteristic are:
• Delivers output as directed through standardized methods & systems.
• Is motivated to perform well on the current job.
• Keep current skills sharp.
• Demonstrates little efforts to build skills for next career stage.

12. BENEFITS OF TM TO ORGANISATION
 Improvedorganizationalperformance
 Motivatedemployees
 Improveddecisionsabouttalentdevelopment
 Strongglobaltalentpool
 Reducedmaintenanceandupgradecostandeffort,asanintegrated
solution

13. Thank you