MANAGEMENT

Talent Management and HRM

Talent Management and HRM

Introduction

Talent management is a segment of the human resource management, which focuses on important for the success of the company target groups, for which there is also a relatively high number of human resources in the company. Accordingly, the prioritization of target groups usually the first step in developing a talent management system. Talent management refers to all personnel policies in an organization to ensure the long-term occupation of critical roles and functions.

Process of talent management emerged in 90s, with the help of this process companies identify and realize the success of their businesses, skills and talents of its employees. Nowadays companies put their talent management process into practice, they perform things, which resolve the problem to retain employee. Today, organization make huge effort, which can help them to attract employees in their company, however they spend less time for development and retention. A business strategy for talent management requires implementation and incorporation of daily processes throughout the company. The process of talent management is controlled by human resources, it helps in retaining and attracting employees, this thing is practiced at every level of organization. The business strategy should include the responsibility of managers and supervisors develop the immediate subordinates. Talent management have various definitions, it is an organizational processes and activities, which includes systematic identification important positions, which contributes in different manner for the sustainability of an organization and provides competitive advantage.

A new theme is needed in HRM Talent Management. In a context of change or crisis, companies looking to expand by focusing on the people who create the most value. They invest on key profiles, "talent." This book provides a theoretical and empirical synthesis of this new trend is spreading. It is built around an essential question.

Talents are people with specific skills that few companies want to attract and retain. These are the strengths of the successful companies. Also, it is essential for organizations to identify the skills they need today and tomorrow, to implement the best policies to attract and develop the loyalty while.

Talent management is a new model that meets the HR approaches limits of competence. It offers a response to the concerns of news: the management of pyramids, taking into account the diversity, new aspirations of employees etc.

Talent management has long been not only a question of recruitment, but is considered a prerequisite for the success of a company. It no longer suffices to find talent externally, you have to stay in touch with them, give them space for ideas and innovations, and convince them to stay in business.

Human capital management system is also known as talent management, this system employs human resources modules, in recent economic conditions, many companies have cut the costs, it is ideal environment that run talent management system as a mean for optimizing performance of each employee and organization (Schweyer 2004). Every year there have been various denominations to management of people, which has changed to the extent that varied ...