Talent management is a complete management approach that adds to the competitive improvement of an organization. It is a whole system that emphasizes various components of the company

1. NAME: UBAID UR REHMAN
ROLL NUMBER: 2002009
PGDM M
Talent management
practices of corporates

2. Nestlé is a Swiss multinational food and drink processing conglomerate corporation
headquartered in Switzerland. It is the largest food company in the world, measured by
revenue and other metrics, since 2014. It ranked No. 64 on the fortune global 500 in 2017
and No. 33 in the 2016 edition of the Forbes Global 2000 list of largest public companies.
Nestlé's products include baby food, medical food, bottled water, breakfast cereals, coffee
and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks.
Twenty-nine of Nestlé's brands have annual sales of over 1 billion CHF (about
US$1.1 billion), including Nespresso KitKat, smarties, Nesquik, Stouffers, Vittel and Maggie.
Nestlé has 447 factories, operates in 189 countries, and employs around 339,000 people.It is
one of the main shareholders of L'Oréal the world's largest cosmetics company.
Nestlé was formed in 1905 by the merger of the "Anglo-Swiss Milk Company", established in
1866 by brothers George and Charles Page, and "Farina Lactée Henri Nestlé", founded in
1867 by Henri Nestle.
About Nestle

3. TALENT MANAGEMENT AT NESTLE
Talent Management Tools:
Well planned tools and effective management motivates employees to be more
productive to reach operational goals (Lewis and Heckman,2006,pp.139-
154).Understanding talent management tools help to create a great team of persons.
The tools necessary for fruitful talent management vary from workforce recruitment,
tactical planning, executive training, management development, appreciation programs
and employee engagement, among other things
Talent management is a complete management approach that adds to the competitive
improvement of an organization. It is a whole system that emphasizes on various
components of the company.
Talent management shapes up employee performance through human resources
management policies. Talent management strategy has become a useful tool to develop
company’s future and increasing its production as a whole.

4. TALENT MANAGEMENT PRACTICES AT NESTLE
Retention
When organizations work hard to train their employees, it becomes imperative to make
them stay in the organization rather than moving on to better prospects. Work schedules,
higher salary, and more comfortable surroundings are the most common reasons for
employee movement to another organization. It costs a lot of resources to hire and train
employees. Bonuses, competitive benefits, and incentives are ways to enhance employee
retainment
Workforce Planning
Efficient workforce growth encompasses a well-planned goal to contact capable
individuals, within the organization and outside. These people should have skills,
understanding, and performances necessary to achieve company objectives. Operational
workforce planning, built on pure tools and methods

5. Organizational Planning & Goal Orientation
Any strategic plan involving goal achievement methods which can maximize
organizational profitability is essential. A tactical planning guarantees that all employees
are moving in the right direction and have the same vision. When a company has an
active planned strategy, prevalent strengths and weaknesses
Training and development
International marketing and sales trainee where employees learn
• General training
• Sales training
• Marketing training
Nestle productivity team
Expatriate career development

6. Recruiting Effectively
Recruiting involves the ability to successfully identify, attract and hire talented individuals
with the potential to move your organization towards accomplishing your objectives. It is
achieved through targeted advertising and focused interviewing of prospective
candidates. Consider including a clear mission statement as part of your recruitment
advertising. It is likely to attract those with the talent and desire to become a part of your
mission to move your organization forward. Clear job descriptions and skills list further
help narrow the field of applicants
Thank you