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Talent Management : An Organization

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Talent management
Talent management isn’t a new concept to human resources (HR) leaders or to major companies, but it takes on new meaning and greater importance in volatile economic times. The definition of talent management varies among industries, companies and even branches of the same business. That’s generally smart because it means managers are molding the concept to fit their firm’s needs. The best approach is to define it simply as the work businesses do to get the most out of their people – for the sake of their employees and the bottom line. Povah, N., and Thornton, G., (2012).
Human resources departments should not own talent management. It should pervade a company’s goals and involve the whole workforce, although not …show more content…

Bersin uses a four-step process he calls “the essence of talent management”:Effron, M., and Ort, M., (2010).
1. Determine the business challenges ahead – Set goals and plans for up to two years.
2. Identify people problems that block these goals – Use models to see what you’re missing, whether you need more people, greater expertise or new capabilities.
3. Make a plan to solve these problems – The solutions might require a new recruiting system, fresh branding or other improvements. Seek simple but specific answers.
4. Put the plan to work – This doesn’t have to involve a new computer program. Software accomplishes little without an action plan centered on a business problem or change. This model requires everyone in the organization to understand that the top executives – not HR – must “own” talent management. That gives HR a supporting role as lead consultants. Information technology personnel, departmental management and training staff members also might take supporting roles. Any talent management plan must cover performance, competency, leadership development and corporate learning. Respect your firm’s culture when creating your plan, so it will fit seamlessly into your employees’ work lives. Learn from these six companies:Israelite, L., (2009) and Axelrod, W., and Coyle, J., (2011).
1. Cisco Systems – Talent management leaders at Cisco

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