Talent Management critical implications and Strategic approach reference to employer and employees prospective. Dr. Mamta A Shende (original) (raw)

Talent Management as a Source of Competitive Advantage

Journal of Asian Business Strategy, 2015

In this dynamic and competitive business era organizations are facing challenges in talent management. Talent management of talented worker is becoming of great importance for the organizations which are working on global level. The demand for key position talented employees is high because those are the persons who will steer the organization and will be responsible to take the organization towards the peak of success, this is the reason organizations are in a state of fight for the best people. The major goal of every organizational strategy is to enhance the effectiveness and efficiency of the operation which could lead the organization to success. Talent Management is essential when the organizations will like to build winning teams which will be formed by talented personnel.

Talent Management as a New Paradigm in Management Science

Journal of Positive Management, 2014

The environment of contemporary organisations is defined as turbulent, due to novelty, speed and unpredictability of performed changes as well as an increase of its complexity level. It is accompanied with uncertainty of conducting an activity. New determinants require fast adjustment which requires the changes in assumed priorities and as a consequence-new paradigms. One of the paradigms is talent management. The aim of this study is to present talent management as a new paradigm in a contemporary organisation. To fulfil this aim, the traits of the new paradigm were presented, the meaning of talent management for strategic success of an organisation interpreted in the context of satisfying the needs of particular groups of stakeholders was emphasised, and actions which must be undertaken so as talent management contributes to this success were mentioned. The consequence of the new paradigm-talent management, is emphasising the identification of key resources of talent i.e. these for which the difference in quality and availability of talent significantly influences the processes or resources in the greatest level influencing a strategic success-sustainability, which concerns a wider aspect than a financial result only.

Talent Management: The Great Challenge of Leading Organizations

International Journal of Organizational Leadership, 2016

Today is called as the age of increasing competition among the organizations against the limited resources. Nowadays, organizations reached higher consciousness that talented human resources are valuable resources and if they can be managed strategically, they will be associated with maximum return on investment. It is obvious that getting benefits from talented human resources requires proper management and this is one of the major challenges for organizations. Talent management as a system of identification, recruitment, training, promotion, and retention of talented people has been proposed with the aim of optimizing the organization and to achieve business results. In other words, talent management refers to the systematic and dynamic process that by which human resources are being identified to fill key jobs and positions in the future and they get ready through a wide variety of educational and training programs for these occupations. With respect to the use of talent management at all levels of the organizations to release the true potential of existing human resources and orient and direct their talents to achieve the expected outcomes, this study aims to review the literature related to the concept of talent management and related topics to establish gaps for further studies on the topic

Talent Management: Strategic Priority of Organizations

Talent management concept deemed as cornerstone in human resource management studies as it covers different features of human recourses by polishing employees' skills and expertise with different methods. Banking sector is paying great attention to develop the effective mechanisms regarding talent management. The purpose of this study is to identify the strategic importance of talent management and to create a link between talent management and organizational performance. Researchers examined the role of talent management in overall organizational effectiveness. Study is descriptive and qualitative in nature. Data collected from managerial staff of banks through interviews. Results revealed that effective talent management strategies have significant and positive relationship with organizational performance. Study results also highlight that talent management also has positive and strong association with competitive advantage, performance and talent position within the banking sector. This study will provide great insight for understanding of talent management concept and its importance in banking sector. Banks can utilize these results to shape their talent management practices. Limitations, practical implications and future directions also mentioned at the end of the article.

A Study of Talent Management and Its Impact on Performance of Organizations

2016

Talent management is a business strategy that organizations believe will enable them to retain their top talented employees and improve organization’s performance. It is the process of effectively hiring the right talent, preparing them to take up top positions in future, assessing and managing their performance and also preventing them to leave the organization. The performance of every organization depends on the performance of their employees. If the employees have unique competencies which the competitors cannot replicate, the organization automatically gains a competitive edge over its competitors. So, for managing this unique human capital, the organizations are focusing on creating effective systems and processes for talent management. The organizations are also striving hard to retain their top/key talent because if they leave, the complete repository of knowledge is also gone out of the hands of the organization. The purpose of the study was to find out the impact of talent...

Talent Management as a Source of Competitive Advantages: A Review

2019

Talent management has been considered as an alternative platform to attain competitive advantages by many all over the world. Along with its unique and inspirational perspectives, talent management encompasses every core issue of human resource management including recruiting, selection, recognition and development. Business undertaking an effective talent management approach is benefited by being able to attract finest talent, making them feel attached to the organization and keeping them as loyal. Therefore, organizations today are focusing individual and organizational capabilities to build up high potential pool of talent as well as nursing and leading them to continue the long run success of the organization. This review would help the scholars to comprehend the idea of the talent within the framework of company’s strategic capabilities.

Employee Talent in Development of Organization

Journal of Positive Management, 2014

The changes in the environment of the organization, particularly globalization, and changes in the demographics, as well as changes in the expectations and requirements of employees or customers, cause that current solutions are inadequate to the new conditions of operation, resulting in the ineff iciency and ineff ectiveness. Organizations must therefore constantly improve their operations. This requires a new approach, including one in human resource management, which is particularly a challenge to the best performing employees with great potential or talented employees. The ability to attract and retain talent in the organization is important for the ongoing operation and development of the organization. The purpose of this study is to show the importance of talent in the development of the organization. This objective required the identifi cation of the conditions of interest and talent in the organization to a multi-faceted understanding of the concept of talent (with particular emphasis on the organizational aspect). It also drew attention to the issue of the development of talent. Contemplations have been carried out in the context of the organization.

Talent Management and its importance in Business Strategy: A Critical Literature Review

Zenodo (CERN European Organization for Nuclear Research), 2022

In recent years, many researchers have been interested in the topic of talent management as human resource has long been acknowledged as the most essential aspect in establishing a viable edge, and managing people has been a focus for most firms around the world. During the current economic downturn, companies are in desperate need of skills. Many authors have provided definitions and approaches for attracting the best employee for a firm, as well as for scanning the ranks of a corporation to find better performers. When hiring and promotions are on hold, it's vital to look for talent among individual employees. As a result, companies must recognize their employees' hidden abilities. The purpose of this study is to conduct a literature review on talent management in Indian enterprises. While most businesses have integrated personnel management, there are still a few issues to be addressed.

Talent Management as a Determinant of Firm Performance: A Conceptual Approach

2018

This study attempted to clarify the growing concept of strategic talent management and highlights its effect on organizational performance. This study employed archival method and as such extant literature was reviewed and collated for development of propositions. These propositions were developed based on the findings from the literature. Regardless of the increasing reputation talent management has and more than ten years of discussion as well as publicity, the idea behind talent management is still vague. Huge ambiguity still exists in the meaning and latitude of the concept. The recent expression ‘talent management’ has been initiated in the last decade. The term "Talent Management" was initiated recently to provide a single solution for the issues relating to the attraction and retention of qualified workforce. Talent management is beset with misunderstandings, doubts and lack of clarity, implying that the subject is not grounded in practice and thus reinforcing why i...

An Analysis of Employee Capabilities to Develop the Talent Management Strategies

Asian Journal of Business Management, 2014

The objective of this study is to analyze employees' competencies and to develop the talent management strategies for private sector banks in Pakistan. This study would also explore the significance of talent management strategies for improving the performance of employees in private sector banks. This study provides benefits to the banking sector for enhancing their innovation and creativity and ultimately organization performance increases. Customer satisfaction increases through innovate and quality products. Talent management and HR practices affect the employee's capabilities in the organization. It is clear that continuous supports from the talent management will be a key strategic requirement for facilitating the knowledge management activities in the firm. Efficiency of the organization can increase when organization has proper check and balance system. On the basis of their assessment, they receive reward, which enhances their loyalty and effectiveness. This will ultimately give benefits to performance of the banks.