TALENT MANAGEMENT

Talent Management



1. Discuss the importance of aligning human resource processes with business strategy.

There are many reasons due to which Strategic Human Resource Management is critical towards the success of an organization and for meeting its goals and objectives. First of all it is important to understand the concept of Strategic Human Resource Management. Strategic Human Resource Management is prepared to assist organizations in meeting the needs of their employees and to promote the goals of the company. The discipline of Human resource management is concerned with all the issues of a business that influence matters regarding employees, hiring and firing, remuneration, compensation and benefits, training, and administration. The role of Human Resource Department of any company is to offer work incentives, information regarding safety procedures and sick or vacation leaves.

There are various companies which exert lots of efforts in order to meet the needs of the employees to create a positive atmosphere for increasing their productivity levels. Human Resource Management is the appropriate source to achieve this factor. When the proper plan is made regarding the needs of employees to improve their skills, it not only becomes beneficial for the employees but for the organization as well. When the retention rate of the company will be improved, then the costs on the recruitment and training of the employees will be reduced as well. When the plan is created by the Human Resource Management, it is vital to consider what employees need and what in return the company will receive from these employees. There are huge corporations who can afford the cost of training and benefit programs but smaller corporations can surely not afford it. It certainly does not mean that a smaller company cannot engage in Strategic Human Resource Management. It is indeed very necessary to provide specialized on-site training especially when it is offered by the senior members of the company. Therefore, these steps can certainly enhance the performance of the employees in an appropriate way.

There are certain strategies formulated by the Higher Management that mainly focuses on the company's strategic position in the market and work teams who need to perform their roles in a responsible manner. In today's rapid and globally changing environment, all the organizations are working very hard to maintain their strong position in the market. The competition level is very high among all the firms. Under these circumstances, it is definitely the employees of the firm known as Human Resources who provides the solution for all these major issues. It has become mandatory for all the organizations these days to involve Human Resource Management in the initial stages of development and implementing the firm's strategic plan rather than conveying them afterwards when it has been prepared. It is now very obvious, that the role of Human Resource Management is not just to implement the strategies communicated during the meetings, but also to plan and execute in such a way where employees would be strategically used to give tough time to ...