Future of Talent Management

 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 for reskilling; where employee is taking new set of training for different position and upskill where employee is taking acquiring new set of upgrade training for current roles. Job rotation, where experiences and skills are transfer, also support to development adaptable workforce which are versatile and dynamics for Organization skills force adaptability.

Employee Experience

As human being, employee experience will be core value future employee. Strategy to increase employee experience are positive work environment, give more autonomy (Generation Z), employee engagement and satisfaction, learning and development opportunities, flexible work and work-life balance.

Skills-based Recruiting and skills developing

Future Jobs description will be specific and traditional qualification may not fit due to advancing and changing nature of work. HRM need to identify specific key skills Organization going to needed and develop recruiting strategy based on skill rather than Job title position. The strategy needs to move towards identifying and developing the specific skills and capabilities needed for future success.

Talent Management System (TMS)

Integrated and Data driven TMS software allowed HRM to analysis employee engagement, skill development and employee experience. By using data analytics, it can identify skilled gap and potential of employee and make improvement in Talent Management Strategy.

Artificial intelligence (AI) and Automation

AI and Automation are going to influence talent management processes. It includes automating HR function and repetitive tasks such as resume screening, candidate matching, and onboarding processes. It allows HRM to focus on more innovative and creative parts of talent management process.

 

Conclusion,

The future of talent management is going to be influenced by technological advancements and integration into workforce, changing workforce demographics, and shifting expectations of employees. HRM need to prepare for emerging trends could shape the future of talent management such as gig economy and freelancing opportunity in internet and on-demand application. HRM need to adapt to these changes and future trends to develop strategy to attract, develop, and retain talent for achieving organizational goals.

 

Reference:

HR Magazine. (2023). HR Magazine - Four insights into the skills-based future of talent management. [online] Available at: https://www.hrmagazine.co.uk/content/features/four-insights-into-the-skills-based-future-of-talent-management [Accessed 14 Dec. 2023].

‌Merwe, D.M. van der (2023). The Future of Talent Management: Urgent Tipping Points and Shifts Needed to Succeed. [online] AIHR. Available at: https://www.aihr.com/blog/future-of-talent-management/.[Accessed 14 Dec. 2023].

‌Sandric, G. (n.d.). Council Post: Future Of Talent Management: Are We Ready To Give Up Full Control? [online] Forbes. Available at: https://www.forbes.com/sites/forbescoachescouncil/2022/05/10/future-of-talent-management-are-we-ready-to-give-up-full-control/?sh=13dd68b44d2e [Accessed 14 Dec. 2023].

‌Stojkovic, J. (2022). The Future of Talent Management and the Changes It Will Bring. [online] Code Power. Available at: https://www.codepwr.com/the-future-of-talent-management-and-the-changes-it-will-bring/ [Accessed 14 Dec. 2023].

‌www.mckinsey.com. (n.d.). The future of the workforce: Investing in talent to prepare for uncertainty | McKinsey & Company. [online] Available at: https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/the-organization-blog/the-future-of-work-the-now-the-how-and-the-why. [Accessed 14 Dec. 2023].

‌‌www.youtube.com. (n.d.). Navigating Future of Talent Management | BW People HR Excellence Summit 2023. [online] Available at: https://youtu.be/pnPKmtZn2W0?si=NYKb7_eFmU0YIIdp [Accessed 14 Dec. 2023].

‌

 

Comments

Post a Comment

Popular posts from this blog

Talent Management

Image
  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 ...
Read more

Employer Brand and Talent Management

Image
  Employer Brand and Talent Management Image Courtesy of HRM Handbook.com Employer Brand (EB) is a process of promoting of Organization Value and Culture and utilizing Organization reputation as competitive advantages for targeting and recruiting the right candidate for talent management.  According to 2022 GreatplacetoWork.com Survey, “Millennials who say they work at a great workplace are five times more likely to endorse their company and two times more likely to stay with their organization. They are four times more likely to endorse their company when they are proud to tell others they work there, and nearly four times more likely to recommend their employer if they intend to work at their company a long time.” The Survey Stated that Millennials who are aged 28 and 43 as of 2024, are proud workers and keen to continue to work for Great Organization with good images. They are more likely to opinioned about Organization images which they work for. Millennials are more likel...
Read more