Southern Business School (SBS)

Institute of Southern Punjab Multan

Assignment No: 07

Due Date: 18-06-2020

Class: BBA 3rd

Section: A

Subject: Introduction To HRM.

Student Name: Muhammad Rizwan

Complete Registration No: BBA-021R19-5

Submitted To: Sir Wajid Hussain

Question:
What are the steps in the Talent Management Process?
 Answer:
Talent Management:
Talent management is the systematic process of identifying the vacant position,
hiring the suitable person, developing the skills and expertise of the person to
match the position and retaining him to achieve long-term business objectives.

Talent Management Process Model

1. Planning:

Planning is the initial step in the process of Talent Management. It involves the
following:

• Identifying the human capital requirement.

• Developing the job description and key roles.
• Proposing a workforce plan for recruitment.

2. Attracting:

Deciding whether the source of recruitment should be internal or external and

seeking for the suitable individuals to fill in the vacant positions through:

• Job Portals such as Naukri.com, Timesjob.com, etc.

• Social Network such as LinkedIn and Twitter.
• Referrals.

3. Selecting:
 Recruiting and selecting the personnel. It involves the following steps:

• Scheduling written test and interviews.

• Scrutinizing the most suitable candidate for the profile.

4. Developing:

In this stage, the employee is prepared according to and for the organization and
the profile. Following are the steps involved in the process:

• Carrying out an onboarding programmer or an orientation programmer.

• Enhancing the skills, aptitude and proficiency of the personnel to match the
profile.
• Counselling, guiding, coaching, educating, and mentoring employees and job
rotation.

5. Retaining:
Employee retention is essential for any organizational existence and survival.
Following are the ways of employee retention:
• Promotions and increments.
• Providing opportunities for growth by handing over special projects.
• Participative decision making.
• Teaching new job skills.
• Identifying the individual’s contribution and efforts.

6. Transitioning:

Talent management aims at the overall transformation of the employees to achieve

the organizational vision. It can be done through:

• Retirement benefits to employees.

• Conducting Exit interviews.
• Succession Planning or Internal Promotions.