Talent Management

According to Harvard Business review ‘ Talent Management at its heart means a matter of anticipating the need for human capital and then setting out a plan to meet it. Talent Management is an organisation’s commitment to recruit , retain and develop the most talented and superior employees or in other words we can say that Talent Management basically refers to hire , manage and retain talented employees .’

Yes , we are quite clear now about the concept of Talent Management . To know more about it we are going to refer to’ Dr. John Sullivan- Internationally known HR , thought leader from the Silicon Valley . According to him Talent Management is the integrated process of ensuring that an organisation has a continuous supply of highly productive individuals in the right job , at the right time and according to him their are four primary principles of Talent Management .

1. An integrated approach within HR : Talent Management formally integrates people management programs and functions so that they work as a continuous process.

2. Integrating people processes into standard business processes : Talent Management goes the next step further repositions people’s management programmes and processes into the company’s standard business process , such as the corporate strategic planning process , budgeting , mergers and new product development.

3. Shifting responsibilities to to managers :Talent management pushes the accountability and the responsibility for executing people management down to the line management level .

4. Measuring success with productivity : Talent management  shifts the success measures from the more traditional Human Resource and recruiting functional towards measuring the overall productivity of the workforce .

Apart from this article there are a number of researches done on this topic and one of the most accurate information provider is ‘FORBES MAGAZINE’. According to its article ‘ Essential Tool of Talent management’ by Bill Millar . According to it their are 3 basic tools of management :

1. Objective matrics

2. Strategic alignment

3. Target Training and development

Talent management is very important for every organisation and no organisation can go on without being able to manage their employee’s talent and their capabilities . 

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