Sustainable Talent Management
In order for organizations to meet the growing demands of business sustainability and maintain a competitive advantage over the competition, businesses are encouraged to take a hard look at their talent pool (Urlaub, 2011). This process aims to retain employees and foster their continuing development of skills and competencies to achieve the organization’s immediate performance goals and long-term strategic objectives. This often requires managers to incorporate a wide variety of perspectives in their talent appraisals. The ability for an organization to identify, select, develop, and retain highly valued skill sets can set a company apart. Talent Management Strategy is defined as an organizations commitment to recruit, retain, and develop the most talented and superior employees available in the job market through goal-setting, performance management, assessment, compensation management, learning, career planning and succession planning processes. This paper will discuss a few topics surrounding sustainable talent management which will include; determining which performance management process can be used to measure employee talent, analyze key concepts related to the talent review process, develop appropriate talent management objectives to measure functional expertise, asses key elements of global talent management as they apply to my organization, and recommend a process that optimizes a sustainable talent management process. Here is a little background on the organization that this will be done on. The organization is a non-profit called “Back to Work” that works with assisting unemployed and employed workers on acquiring new skills and providing them with the tools and resources to be successful. This includes classes on resume writing, interviewing tips, succession planning, dress for success, resources on colleges and trade schools. They also offer GED courses and testing, the organization even assist high...
References: Paxman, Caroline. Transforming the way organizations assess, hire, and manage talent. Talent Management and Measurement. January 1, 2010.
Lawler, E. and Worley, C. Nine Principles for Sustainable Talent Management. Center for Effective Organizations. March 2011.
MacMillan, Aileen. Importance of Performance Management Process & Best Practices to Optimize Monitoring Performance Work Reviews/Feedback and Goal Management. Date unknown.
Urlaub, Julie. Sustainable Talent Management: Good to Outstanding. Taiga Company. September 6, 2011.
Belliveau, Vincent. Four learning and talent management strategies to drive business performance. The Grapevine, October 2011.
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