Volume : VII, Issue : IX, September - 2017

CONCEPTUAL ANALYSIS OF TALENT MANAGEMENT PRACTICES

Mrs. R. Anetha, Dr R. Vijayakumar

Abstract :

 Talent management seeks to attract, identify, develop, engage, retain and deploy individuals who are considered particularly valuable to an organisation. By managing talent strategically, organisations can build a high performance workplace, encourage a learning organisation, add value to their anding agenda, and contribute to diversity management. For these reasons, HR professionals widely consider talent management to be among their key priorities. The concept is not restricted to recruiting the right candidate at the right time but it extends to exploring the hidden and unusual qualities of your employees and developing and nurturing them to get the desired results. Talent Management in organizations is not just limited to attracting the best people from the industry but it is a continuous process that involves sourcing, hiring, developing, retaining and promoting. While most companies already use a human resource information system (HRIS) as a repository for employee records and basic information, many organizations are going a level deeper by adding talent management systems to their HR technology portfolios. Experts say talent management systems can help companies attract, retain and develop employees to the mutual benefit of both parties. Talent management systems are generally considered to be comprised of four modules, also called "pillars:" recruitment, performance management, corporate learning and compensation management. In addition if employees are positive about the talent management practices of the organization, they are more likely to have confidence in the future of their organization. In adverse economic conditions, many companies feel the need to cut expenses. This should be the ideal environment to execute a talent management system as a means of optimizing the performance of each employee and the organization.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Mrs.R.Anetha, Dr R.Vijayakumar, CONCEPTUAL ANALYSIS OF TALENT MANAGEMENT PRACTICES, INDIAN JOURNAL OF APPLIED RESEARCH : Volume-7 | Issue-9 | September-2017

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