Talent management has become a priority for organizations worldwide due to skilled labor shortages. It involves sourcing, hiring, developing, retaining, and promoting employees to meet organizational needs. Elements of talent management include employee development, performance management, and career development. An effective talent management process helps organizations achieve strategic goals like operational excellence and fulfilling their mission by ensuring they have the right talent. It is a holistic and strategic approach to both human resources and business planning.

1. Talent management
BY
DEEPIKA SOROUT
ASSISTANT PROFESSOR
ADVANCED EDUCATIONAL INSTITUTIONS
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2. In recent years, talent management has become a
priority for organizations worldwide due to a
shortage in skilled staff, particularly managers.
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3. Flow of The PPT
• Meaning of talent management
• Evolution of talent management
• Elements of talent management
• Strategic importance of talent management
• Process of talent management
• Conclusion
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4. Talent management
What is Talent?
Talent is the sum of a person’s abilities, his or her
intrinsic gifts, skills, knowledge, experience ,
intelligence, judgment, attitude, character, drive and
his or her ability to learn and grow.
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5. Hence ,Talent Management
“ The ability, competency and power of employees within
an organization. The concept is not restricted to recruiting
but also to exploration, development, transition according
to the culture of the organization.”
“ It is a continuous process that involves sourcing, hiring,
developing, retaining and promoting them while meeting
the organization’s requirements simultaneously.”
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6. Evolution of
talent
management
Talent Management Evolution offers a
unique combination of experience and
expertise
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Personal department
Strategic hr
Talent management
Payroll benefits
Recruiting
Total compensation
Learning managements
Competency management
Performance management
Succession planning

7. Elements of talent management
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•Employee Development
This must include the manager/team leader who has been adequately
prepared to coach employees/team members to master the essential
skills of the job, particularly the “soft” skills which are often overlooked.
•Performance Management
Begin by creating a safe environment where employees can learn from
their mistakes. Then, provide ongoing feedback—do not wait for the
typical annual performance review.

8. Continued…
•Career Development
The most effective career development process considers the
talents and motivators of the individual, which ideally would have
been discovered in the selection process.
•Succession Planning
An effective succession plan is integrated with the strategic
requirement of the organization that considers how the stages of
growth will be managed.
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9. Strategic Importance of talent
management
• Consideration to the revenue, innovation and organization
effectiveness.
• Cost of lost opportunities, downtime and the replacement costs of
losing critical talent must be analyzed.
• Consequences of wrong kind of managers in the leaders top
management position.
• Investment in talent management is not short term.
• Talent Management is strategic and holistic approach to both HR
and business planning. Continue
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10. It helps the organization to:
Assure our success to fulfill our
mission.
Help the organization to achieve
operational excellence.
Develop,recruit,retain the right talent
staff.
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11. RECRUITMENT
SELECTON
ORIENTATION
PLACEMENT
CULTURE
IMMIDIATE MANAGER
INVOLVEMENT
PERSON- ENVIRONMENT FIT
COMPETENCY ASSESSMENT
DEVELOPMENT OPPORTUNITIES
MENTORING
CHALLENGES
ROLE CLARITY
PERFORMANCE AGREEMNETS
FEEDBACK
RECOGNITION AND REWARD
PROCESS OF TALENT MANAGEMENT
PERFORMANCE
ENTRY
RETENTION
DEVLOPMENT
Pass it
on
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12. Conclusion
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Talent Management" has become one of the most important
buzzwords in Corporate HR and training today. Organizations
know that they must have the best talent in order to succeed in
the hypercompetitive and increasingly complex global economy.
They must manage talent as a critical resource to achieve the best
possible results in the long run.

13. DEEPIKA SOROUT
deepusorout@gmail.com
Assistant Professor
Advanced Educational Institutions
Advanced Educational Institutions,
70 km Milestone,
Delhi-Mathura Road, Dist. Palwal, Haryana-121105
+91–1275–398400, 302222
www.advanced.edu.in
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