What do we need to do to win the battle on talent? Applicant tracking systems, an employee onboarding software, performance management are all part of the greater talent management framework. The right talent management strategy aligns these functions to give organizations a strategic advantage.

1. Beenish Traiq Zuberi
What do we need to do to win the battle on talent?
Applicant tracking systems, employee on boarding software, performance management are all part of the
greater talent management framework. The right talent management strategy aligns these functions to give
organizations a strategic advantage.
Often the terms performance management and talent management are used interchangeably. While
acceptable and understood in most conversations, the reality is that the two have fairly different goals.
Performance management is an assessment of employee performance as it relates to individual
established goals and key performance indicators. In general, performance management processes are
fairly transactional between employee and leadership, narrowly focused on the individual’s productivity and
ability to meet expectations.
Talent management, however, encompasses a broader company view. It takes into account the business
side of people management, geared more toward driving operational growth and profit. A healthy
organization is founded on talent management as a strategy with performance management as one of the
principles that drives it forward. Other principles include workforce planning, recruitment, succession
planning, learning and development, management structure... In other words, everything that you do to help
your workforce bring business success is a part of the broader talent management strategy.

2. There is no shortage of professionals but there is an acute shortage of talented professionals globally.
Every year b-schools globally churn out management professionals in huge numbers but how many of are
actually employable remains questionable! This is true for other professions also.
The scenario is worse even in developing economies of south East Asia. Countries like U.S and many
European countries have their own set of problems. The problem is of aging populations resulting in talent
gaps at the top. The developing countries of south East Asia are a young population but quality of
education system as a whole breeds a lot of talent problems. They possess plenty of laborers - skilled and
unskilled and a huge man force of educated unemployable professionals. These are the opportunities and
challenges that the talent management in organizations has to face today - dealing with demographic talent
problems.
Now if we discuss the problem in the global context, it’s the demographics that needs to be taken care of
primarily and when we discuss the same in a local context the problem becomes a bit simpler and easier to
tackle. Nonetheless global or local at the grass roots level talent management has to address similar
concerns more or less. It faces the following opportunities and challenges: Recruiting talent, Training and
Developing talent, Retaining talent, Developing Leadership talent, and Creating talented ethical culture.
Companies are only as strong as their people, which is why getting talent management right is critical for
today’s competitive environment. From locating and recruiting to hiring and developing talent, companies
need to ensure their talent management strategies support their overall strategic planning and business
goals. Talent management strategies should result in a high-performing workforce, a system that identifies
and improves weak areas, and a means for attracting, developing, and retaining quality, diversified talent.
Human resources managers and executives often work together to develop talent management strategies;
in fact, companies that lay out a plan and align goals have more success with talent than those that don’t.
We have rounded up 50 of the top articles on talent management from HR leaders, renowned talent firms,
and other experts in the field. If you’re looking for tips to improve your talent management strategy, or if
you’re looking to enhance your already solid system, you will find helpful information, case studies, and
advice in our top article picks. Please note, we’ve listed them in alphabetical order to simplify your search;

3. therefore, our top talent management strategies articles are not ranked or rated in any order of importance
or value.
Every Organization focuses on Create Strategic Recruitment Plans to attract the best talent, Identify and
develop LEADERS at all levels, Create “great places to work”, attract & retain the best talent, Direct the
positive energy of people to the right areas. Talent management is the systematic process of identifying the
vacant position, hiring the suitable person, developing the skills and expertise of the person to match the
position and retaining him to achieve long-term business objectives.
In today’s global scenario, the human resource has been a very effective tool for the company’s growth and
success. Thus to make the best possible utilization of the employee’s talent and skills, talent management
is essential. Thus, the firm must carry out the human resource planning cautiously since it is accorded with
several limitations that can adversely affect the overall functioning of the firm.