talent managementv ram

8/3/2019 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

1/9/2012

2 Ratan Global Business School


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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?

1/9/2012Ratan Global Business School4

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

1/9/2012



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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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talent managementv ram

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