Talent management By / Mahmoud Shaqria محمود محمد شقريه
Out lines • Introduction • Definition of talent • Definition of talent management • Benefits of talent management • Areas of talent management • Talent management strategies • Process of talent management • Advantages of talent management • Problem OR issues in talent management • Reference
Objectives BY THE END OF THIS LESSON,THE LEARNERWILL BE ABLE TO: Define talent management List benefits of talent management Identify ways to manage talent Identify areas of talent management Identify talent management strategies Discuss process of talent management Discuss advantages of talent management Identify problem OR issues in talent management
Introduction Talent management has become one of the most important issue in corporate HR and training today. Organizations know that they must have the best talent in order to achieve the best possible in long run.
Definition of talent According to McKinsey ; Talent is the sum of person‘s Abilities , his or her intrinsic gifts, skills, knowledge, experience, intelligence, judgment, attitude, character, drive, his or her ability to learn and grow.
Definition of talent management Refers to the process of developing and retaining current workers and attracting highly skilled workers to work for accompany
Benefits of talent management 1- Right person in the right job 2- Retaining the top talent 3- Better hiring 4- Understanding employees better 5- Better professional development decisions
Areas of talent management 1- Talent appreciation Are focus on assessing the way individual learn, think, relate to others and act Used to evaluate capacities, competencies and values of individual 2- Potential enhancement Enhance on creating learning experience and solution for individual that will help covert their talent into competence
3- Acquisition of talent • Helping organization acquire talent is based on helping organization define roles for specific Leadership -identify the competencies required for each of these jobs determine levels of learning, thinking and acting needed to acquire these competencies
4- Knowledge management Focus on connect people and technology to enhance sharing of knowledge
Talent management strategies 1- Attracting talent - design talent management system - Unbiased reward and recognition - Flexible work environment and positive culture - Proper training - Effective appraisal system - Design job for talented people
2- Keep talent - Right location to attract and retain talent - assign right job to right talent - Carrier and succession plan - Balance age, race, gender, and color - eliminate non-working people
3- Manage talent - establish effective communication and cooperation - allow talent to create and apply knowledge - build trust on talent - set positive and and constructive challenge - monitor talent as assets
Process of talent management There is eight steps 1- Work force planning *this process establish workforce Plans , hiring plans , compensation budget and hiring target for the year 2- Recruiting *through an integrated Process of recruiting Assessment, evaluation and hiring of business brings people into organization
3- On brooding *Organization must train and enable employees to become productive and integrated into the company more quickly 4- Performance management *By using the business plan the organization establishes process to measure and manage employee
5- Training and performance support * Here we provide learning and development programs to all levels of organization 6- Succession planning * Succession planning ensure company identities and develop talent in order to achieve its business strategy
7- Compensation and benefits * Clearly, this is an integral part of people management Here organization try to tie the compensation directly to performance management so that compensation incentives and benefits align with business goals and business execution 8- Critical skill gap analysis *We identify this process as an important often over looked function in many organizations
Advantage of talent management -Having the skills and knowledge for emergency situation -Strengthening the organization capacities by developing skills and knowledge the organization need - Talent management helps in Increasing - Competitive advantages -Employee satisfaction -Worker productivity -Learning effectiveness -Service level
Advantage of talent management Decreasing -Employee turn over -Times to ramp new hires
Problem OR issues in talent management Some talent need motivation Difficulties in selecting the right people to develop and making an accurate assessment of talent needs Costs of training and monitoring in talent management strategies Lack of follow and follow up of development initiatives
Potential for grooming people for positions that may not exist in the future Possibility of staff being headhunted by other organization for their new skills and knowledge
Conclusion In today's business environment of going global and competition, become intense. Talent polarity management become acritical key to achieve the success in long term in many organizations.