TALENT MANAGEMENT

INTRODUCTION

What if u could attract your competitors best employee for few extra bucks?

 Talent management, as a name itself suggests is managing the ability, competency and power of employees within an organization 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 them while, meeting organizations requirements

Benefits of talent management

Right person in the right job Retaining the top talent Better hiring Understanding employees better Better professional development decision

Process of talent management

Understanding the requirement Sourcing the talent Attracting the talent Recruiting the talent Selecting the talent Training and development Retention Promotion Competency mapping Performance appraisal Career planning Succession planning Exit

Opportunities and challenges

Recruiting talent Training and developing talent Retaining talent Developing leadership talent Creating talented ethical cultre

Objectives
To identify various upcoming challenges of talent management To establish upcoming trends in talent management To identify the ways to retain the best talent

Literature review
Karthikeyan,2007
Any organization needs to have a vision and a well defined strategy on hiring for the future. We should have the right talent to attract and retain the best available talent for which a number of measures for talent management are required Pandith, 2007 Emphasis has been paid on initiatives that can be put in place to help organization to retain and nurture the talent Anandaram,2007 The fundamental aspects about the definitions of human resources has been discussed and planning of new models have been discussed . the need to disband the conventional school of thoughts about organizational behavior has been advocated and new approach has been suggested for H.R

Conclusion
As organizations continue to pursue high performance and improved results through T.M practices, they are taking holistic approach to talent management from attracting and selecting wisely, to retaining and developing leaders, to placing employees in greatest impact.