Talent Management – PowerPoint Presentation

Introduction

  • Talent management is a significant success aspect in the corporate world
  • is organization’s attempts to train, keep, and recruit the highest quality workforce
  • Is the systematic deployment, retention, engagement, development, identification and attraction of employees with unique organization value

Talent management is progressively more identified as a significant success aspect in the corporate world.  Talent management is referred to as an organization’s attempts to train, keep, and recruit the highest quality and the most gifted staff members that they can hire, afford and find. Talent management provides business managers with an essential role to play in retaining, developing and recruiting desirable members of staff. Talent management is the systematic deployment, retention, engagement, development, identification and attraction of those employee who are of unique organization value, either with regard to their future high potential or because they are attaining or fulfilling current critical roles (Collings & Mellahi, 2009).

Talent Management Efforts

  • There are both manual and automated tools used in talent management
  • Manual tools include models: DDI’s talent management model, and the talent grid conversation tool.
  • Automated tools include application software: PeopleFluent integrated talent management software, TalentGuard Integrated Talent Management Suite, Lawson Talent Management, and Epicor HCM

There are a number of efforts employed to effect talent management in an organization. Some organizations employ manual tools for talent management while others employ automated system to effect director’s decisions in talent management. Some of the manual tools include a number of models that managers can use in evaluating workers performance and in nurturing workers talents at the work place. This includes DDI’s talent management model, and the talent grid conversation tool among others.  However with growth and advancement of technology, there has been a number of software developed to effect talent management in different organizations. Among the most popularly used talent management software include PeopleFluent integrated talent management software, TalentGuard Integrated Talent Management Suite, Lawson Talent Management, and Epicor HCM.

  • TalentGuard software lowers the time-to-value of obtaining a novel talent management solution functional in an organization
  • Lawson talent management is a suit integrated in the Lawson human capital system. It assists in optimization of the organization’s workforce by integrating the talent management software in one suit
  • Epicor HCM is software which contains talent management features which allows directors in making use, strengthening, and identifying specific talents for every worker

TalentGuard software lowers the time-to-value of obtaining a novel talent management solution functional in an organization. The system contains pre-built libraries and competencies, improved integration, SaaS configuration and drag-and-drop and one-click capabilities.

Lawson talent management is a suit integrated in the Lawson human capital system. It assists in optimization of the organization’s workforce by integrating the talent management software in one suit. The software gives organizations a bigger insight to their workforce by offering tools that assist in improving activities for performance review. It also gives actionable information regarding staff of an organization in a manner which can enhance support general business strategies. Epicor HCM is software which contains talent management features which allows directors in making use, strengthening, and identifying specific talents for every worker. It has features that include succession planning, development and training, performance management, and on-boarding tools, and recruitment tools.

  • The Identified tools concentrate more on:
  • assisting organization managers in making decision regarding who are the best employees to recruit
  • Tracking the employees’ performance and keeping records of workers improvement
  • Assisting in identify the workers to promote or to demote based on their performance

The identified tools are basically created to enhance talent management in any organization. They concentrate more on assisting the organization managers in making decision regarding who are the best employees to recruit. They also assist the HR department in keeping a pool of potential candidate for the next recruitment based on the applicant’s information. This assists in scaling the applicants and identifying recruit that have the skills, and knowledge that can assist the organization to always remain competitive in the market.

The identified software will also assist in tracking the employees’ performance and keeping records of workers improvement. This makes it easy to identify the talented workers in an organization. This assists the organization human resource managers in deciding which workers to retain and those workers to promote further through training and other developments. Keeping track of employees performance assist in identification of their potential and hence their ability to promote the growth and the development of a company in the future. It also assists in identify the workers to promote or to demote based on their performance. Therefore it enhances talent management and development of the best workforce in an organization (Vaiman, 2010).

Firms that have Used Talent Management Applications

  • Frisco-based Convenience Food Systems (CFS): assisted the company in addressing the challenge of talent management at the global level
  • Galderma Laboratories: The system has assisted in skills optimization and preparing the company for the future
  • Lubbock Heart Hospital: Assisted in identifying the areas that require improvements and thus assisting in workers development and training

Talent management software has been widely used in different parts of the world. Some of the companies that have improved their performance by the use of this software include Frisco-based Convenience Food Systems (CFS) which is a global firm with creative food package system. The system has assisted the company in addressing the challenge of talent management at the global level. It has assisted the company ensuring employee consisted performance management across the globe. The employment of these applications in the company in 2008 has highly improved the company’s ability to manage its workers and to improve their workforce performance. The application has also been used in Galderma Laboratories. This is also a multinational company which depends on the system to effect their talent management among their workers at international level. The system has assisted in skills optimization and preparing the company for the future.

Another organization which has successfully used these applications includes Lubbock Heart Hospital. The main intention of employing this software in the hospital was to effect the hospital operations by developing a workforce full of talented workers with passion in what they do. This has highly improved the hospital efficiency in caring for their patient and has also enhanced the working ease among the employee. Work performance monitoring has enabled the hospital in identifying the areas that require improvements and thus assisting in workers development and training (HR.Com, 2008).

Efforts Important in Strategic Human Capital Management

  • Human capital management: A technique to employee staffing which views individuals as assets with measurable current value and whose future value can be improved via investment
  • The efforts employed to effect talent management is very useful with regard to strategic human capital management in :
  • Helping to identifying the best human capital in a workforce
  • Improving the ability of potential human capital
  • Assisting in promoting the development of more reliable workforce

Human capital management is a technique to employee staffing which views individuals as assets with measurable current value and whose future value can be improved via investment. The efforts employed to effect talent management is very useful with regard to strategic human capital management in that they help in identifying the best human capital in a workforce. The effort also assists in improving the ability of potential human capital and thus assisting in promoting the development of more reliable workforce. The effort eases the process of training and development by lowering the chances of wasting company’s resources training employees who will never make any changes in the company.

  • Enhances the achievement of customer and stakeholder human capital management goals
  • Enhancing the workers effectiveness by retaining the most talented workers
  • Developing the potential workers by use of training and exposure
  • Assists in obtaining the top quality workforce
  • Ensures continuous enhancement of organization operation and as the framework for changing the operation and culture of an organization

The employment of talent management efforts also enhances the achievement of customer and stakeholder human capital management goals. In this case, strategic human capital management focuses on enhancing customer satisfaction by enhancing the wok of the employees. The talent management effort ease in enhancing the workers effectiveness by retaining the most talented workers and developing the potential workers by use of training and exposure. In so doing, the talent management efforts assists in promoting strategic human capital management since with well talented workers, a company can easily satisfy its customers and its other stakeholders.

Talent management efforts assist in easing the HRM efforts of effective recruitment, retention and promotion of talents through training. This assists in obtaining the top quality workforce. This turns as a roadmap for continuous enhancement of organization operation and as the framework for changing the operation and culture of an organization. Therefore, talent management enhances the achievement of strategic management goals by enhancing overall performance of an organization and ensuring continuous improvement in the organization performance (Wellins et al., 2009).

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