Download - Talent Managementv Ram
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By
Rami Reddy
1/9/20121 Ratan Global Business School
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OVERVIEW
yDefining talentyTalent management ( TM )y
Talent management lifecycleyTalent development systemyStrategies for TMyConclusion
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Take twenty of our best people
away, and I can tell you that
Microsoft would become an
unimportant company
- Bill Gates1/9/20123 Ratan Global Business School
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What is talent?
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A natural ability to do something well
People or a person with a natural ability todo something well
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Talent management
yTM implies recognizing apersons inherent skills,
traits, personality andoffering him a matching job
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Talent lifecycle
If management makes things happen, talent
makes it possible1/9/2012
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Talent development system
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Superior Talents are theprimary source of
Competitive advantage..
.Talent Management
holds the Key to businessSuccess
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STRATEGIES FOR TALENT MANAGEMENT
Defining talent
Identifying talent
Recruiting talent
Training talentRetaining talent
Developing talent
Retiring talent
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VOI2C2E for talent
retention
y Vision -provide employees with a compelling Vision
y Opportunity -Give employees opportunity to grow in theorganization & learn new skills
y Incentive -Reward good performance
y Impact -Give employees the opportunity to do meaningfuland challenging work
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VOI2C2E for talent
retention
y Communication -Build culture that allows free flow of
communication both vertically and laterally.
y Community -Inculcate sense of belonging among employees( spreadorganizational pride)
y Entrepreneurship- Provide sufficient organizational space for
employees to learn and grow.
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HR challenge
Developing topperformers in aneutral environment without
discouraging rest of the employees-
is a big challengefor the HR folks
in a highlycompetitive businessenvironment, where growing
organizations are fighting it out
to retain andinduct talents.
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Conclusion
Key to success would be to formulate an
unconventional strategy, that will change the
landscape of their organizations with respect totalent grooming
Talent wins market battles.
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