Talent Management in Human Resources Management

HRM Blogs Activities Personal Reflection By Mr. Ying Bawm Blog Topic: Talent Management 15/12/2023   Talent Management is process of planning workforce, branding employer image, attracting, recruiting, onboarding, developing, retaining, offboarding to maximize talent pool for organization competitiveness. Talents Management begin with evaluating internal Organization skill gap and future need for the markets. As technology disruptions in the nature of work and demographic changing to Millennial generation, Talents are harder to recruit because of supply demand but also millennial are less likely to work the organization that don’t align with their value. Millennials are more likely option for career development and fair compensation, their commitment and average employment tenure is shorter than previous generation. They are more likely express opinion for their organization value, image and cultures. As for HRM personal, these are challenges for talent Management. The ...

 Performance Management and Talent Management Image Courtesy of McKinsey.com Performance Management is a necessary part of Talent Management in term of following and improving employee performance. Performance Management contribution are; ·        Clear and expected goal that employee is going to achieve. ·       Establish communication channel for employee feedback ·       Recognize high performance and address low performance issues ·       Setting fair standardize criteria for performance evaluation and give constructive comments ·       Implement Performance improvement plans, raise, promotion, termination. ·       Set SMART (Specific, Measurable, Achievable, Relevant, Time-bound) goals to assist employee growth. managing  employee performance led to improvement in employee performance, customer satisfaction, overall org...

  Re-skilling and Up-skilling and Talent Management Image courtesy  of betterup.com “According to 2020 World Economic Forum (WEF), more than one billion workers worldwide will have to be reskilled by 2030.” The future of skills is changing. It has become important that HRM need to act on rapid growth technology, automation and changing of job nature led to skill gap issue and talents development issue. HRM need to implement reskilling and upskilling program as Learning and Development Strategy for current workforce to fulfil skill gap and key talents need. By Implementing these programs, Organization can adapt and navigate future talent development, benefit employee retention and engagement. Reskilling is focused on training and preparing of employee for new position, Upskilling is developing employee existing skills., Organization will benefit the best potential Employees skills by Implementing and leveraging both programs. HRM can implement reskilling and upskilling ...

 Future of Talent Management Image Courtesy of Codepwr.com   Rapid changing of work, technology advancement and integration, and changing demographic, HRM need to formulate future proof Talent Management Strategy for future success of the organization. Future Talent management strategy need to include Employee experience as core strategy and give more autonomy to employee, developing engaged and productive talent workforce that are adaptable in changing nature of work, investing on technology to improve Talents Management System, and utilizing AI and Automation software.   Future proof Talent Management Strategy are;   Develop Internal workforce By investing and investigating of potential of exiting employees has allowed to increase organization skilled force without external recruitment. Develop Adaptable Workforce In order to fulfill future work, HRM need to prepare for capabilities of exiting employee to increase and upgrade. HRM need to have strategy ...

 Employee Value Proposition and Talent Managment Image Courtesy of AIHR aihr.com   As shifting in work revolution continue to favor talent workforce, more Organization are looking forward with what employee and future candidates want form employing in the organization. Organization needs to step up Organization value proposition that offer to employee and future candidates for attracting talents workforce. Employee Value propositions (EVP) are competitive compensation, benefits, career growth opportunity and Organization culture and value that align with employee and candidates. By having stronger EVP, Organization will attract top talents, productivity from employee engagement and growth performance of the organization. HRM need to develop and implement EVP strategy to attract top talents. EVP development Strategy A.      Unique Differentiation HRM need to exam the uniqueness of organization culture and value that why would employee and future ca...

  Talent Management Strategy (Image Courtesy of 3r-startegy.com)   Talent management Strategy is long term strategy of HRM functions, it includes recruiting, onboarding, developing, engaging, and retaining high-performing workforce. The essential goal is to create fulfillment workplace to keep and retain high performing workforce and to align with organization Strategy and to serve Organization Goal to success. Good Talent Management can win to attract and retain top talents from competition in talent wars, result in employee engagement, satisfaction, productivity.     The key strategies of Talent Management are: (A) Talent retention of top Talent (B)    Employee Value Proposition (EVP) and Employer Brand (C)    Goal setting and Performance Management.   (A) Talent retention of Top Talent It is easier to keep top performer then finding new one. Organization needs to keep top talent as long as it could. Employee are looking for fair compensa...

  Talent Management Image Courtesy of Forbes.com (Forbes Advisory)   Definition According CIPD, Talent management is putting in place processes to: attract, identify, develop, engage, keep and deploy individuals valuable to an organization. To be effective, it needs to align with strategic business objectives. Strategic talent management has several benefits: it builds a high-performance workplace; it fosters a learning climate; it adds value to the employer brand, and it improves diversity. (CIPD, 2022) Talent Management is Strategy to developing and planning of workforce, attracting talent pool through Employer Brand, implement Employer Value Proposition plan for employee retention and Engagement, execute selecting and recruiting process, in order to achieve Organization goals with dynamic Performance Workforce. Talent Management Process   Planning Stage In this stage, HRM need to assess talents requirement and create recruitment plan, job ...