Talent Management

Satisfactory Essays
NOVEMBER 2009

PULSE SURVEY REPORT: MANAGING TALENT IN TOUGH TIMES
A TIPPING POINT FOR TALENT MANAGEMENT?

EXECUTIVE SUMMARY As the global economy moves toward recovery, companies face some tough challenges and complex choices about how best to retool for growth. In the year since the financial markets collapsed, most organizations have streamlined, downsized and restructured to varying degrees, trying to stay on an even keel until the economy stabilized. The well-worn phrase “lean and mean” took on particular resonance — a badge of honour for many in reacting swiftly to market conditions. Now, however, a different set of questions are emerging. Have organizations cut too far too fast — beyond “fat” and into “muscle”? If so, have they inadvertently slowed a fast return to growth? How easily can they correct course and close emerging gaps in capacity and capability? Are we on the brink of a new round of “talent wars”?

To begin exploring these issues, we recently surveyed over 400 HR and business executives across a broad range of midsize and large companies in the U.S. and Canada on emerging talent management priorities and strategies. We wanted to understand how organizations are defining talent and talent management, what activities they’re focusing on, how effective they think their processes are, and the degree of alignment between their talent management approach and their overall strategic goals. (See page 15 for more details about this study.) Overall, we found that companies are inching toward a tipping point in how they deal with talent. Both our data and our experience confirm that organizations have awakened to the importance of having skilled and engaged people at all levels delivering results. Companies know that high performers, high potentials and pivotal talent are a critical resource (and source of competitive advantage) to which both business and HR leaders need to pay special attention. And they’ve made efforts over the last decade to bring

You May Also Find These Documents Helpful

  • Powerful Essays

    Talent Management

    • 2485 Words
    • 10 Pages

    ………………………………………………………………………………………………5 5.Importance of Talent Management ………………………………………………….6 6.Primary Principal of talent management …………………………………….….8 7.Element of Talent Management …………………………………………………………9 8.Key Element of Talent Management ……………………………………………….15 9.The new H.R Mission and Talent Management process …………….17 10. Summry ……………………………………………………………………………………………………17 Introduction of Talent Management Talent management refers to the process of developing and integrating new…

    • 2485 Words
    • 10 Pages
    Powerful Essays
  • Best Essays

    Talent Management

    • 3970 Words
    • 16 Pages

    [pic] UNIVERSITI TEKNOLOGI MARA KAMPUS BANDARaya MELAKA EXECUTIVE MBA PART 1 – 2010/2011 human resource MANAGEment (hrm730) GROUP ASSIGNMENT : TALENT MANAGEMENT PREPARED FOR : DR NOOR AZAM ABD AZIZ PREPARED BY: NORZARMILA AZURA ABD.HAMID(2010731695) AHMAD IBRAHIM DAUD(2010579621) MAHFUZA JAMALUDDIN(2010950977) Acknowledgements It has been a challenge to complete this assignment, but also a worthwhile experience, and this work was possible because of the support, patience…

    • 3970 Words
    • 16 Pages
    Best Essays
  • Best Essays

    Talent Management

    • 2936 Words
    • 12 Pages

    Critically evaluate the development issues that arise for managing talent. Evaluate the appropriateness of different development interventions for talented employees. Introduction: Talent management is defined as the strategies and practices needed to identify, develop, attract and retain skilled workers of value to an organisation. (Rands 2009). It can be described as a holistic approach to the strategic management of the organisation’s employees. Organisations need to view their people as investments…

    • 2936 Words
    • 12 Pages
    Best Essays
  • Best Essays

    Talent Management

    • 1566 Words
    • 7 Pages

    Professor Damaris Garrett 1. Outline the talent management program that led to success for the company. McDonald’s has incorporated a framework entitled “Plan to Win” and has adapted five major components: (1) People, (2) Place, (3) Product, (4) Promotion and (5) Price. The goal for this framework is to promote effective business strategy along with global business. These five components have strengthened the company’s talent management system to secure a whole-base business strategy of…

    • 1566 Words
    • 7 Pages
    Best Essays
  • Powerful Essays

    Talent Management

    • 6163 Words
    • 25 Pages

    STUDY: Talent management definition: A conscious, deliberate approach undertaken to attract, develop and retain people with the aptitude and abilities to meet current and future organizational needs. Talent management involves individual and organizational development in response to a changing and complex operating environment. It includes the creation and maintenance of a supportive, people oriented organization culture. Importance of talent management: Like human capital, talent management is…

    • 6163 Words
    • 25 Pages
    Powerful Essays
  • Powerful Essays

    Talent Management

    • 1686 Words
    • 7 Pages

    1. Determine which performance management process you will employ to measure employee talent. As I review the chapters, and think about the process that would be best to measure employee talent, I believe that my favorite would be the 360 performance management process. So I will employ this one to measure employee talent for this assignment. It is known for providing critical on-going feedback to maximize performance in organizations. The on-going feedback helps everyone maximize their performance…

    • 1686 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Talent Management

    • 8716 Words
    • 35 Pages

    Chapter 1 INTRODUCTION TO THE STUDY Talent Identification and Management- An Introduction Talent identification and management implies recognizing a person 's inherent skills, traits, personality and offering him/her a matching job. Every person has a unique talent that suits a particular job profile and any other position will cause discomfort. It is the job of the Management, particularly the HR Department, to place candidates with prudence and caution. A wrong fit will result in further hiring…

    • 8716 Words
    • 35 Pages
    Powerful Essays
  • Good Essays

    Talent management

    • 2321 Words
    • 10 Pages

    Talent Management A talent is a special skill or ability a person/employee has. It enables them to act quicker and be more efficient. Those people are needed for special tasks and mostly work in a leading position. There are several reasons why talent management is needed in a successful business. First of all, our society changes to a knowledge-based society and therefor companies need motivated and creative employees. Secondly, in order to stay competitive, innovations are very important and…

    • 2321 Words
    • 10 Pages
    Good Essays
  • Good Essays

    Talent Management

    • 7687 Words
    • 31 Pages

    References: Beardwell, I. and Claydon, T. (2010). Human Resource Management: A Contemporary Approach. 6 edition, Pearson Education Limited 2011. Storey, J. (2007). Human Resource Management. A Critical Text. 3rd edition, Thomson. Steger, T., Lang, R. & Groeger, F. (2011). Expatriates and the institutionalisation of HRM practices. Baltic Journal of Management, Vol. 6, Iss. 1, pp. 7-24.…

    • 7687 Words
    • 31 Pages
    Good Essays
  • Powerful Essays

    Talent Management

    • 6277 Words
    • 26 Pages

    ...............................................................2 The process of talent management..............................................................................2 Talent Management v/s Traditional HR Approach..............................................................2 The focus of talent management.................................................................................2 Knowledge Management.................................................................................…

    • 6277 Words
    • 26 Pages
    Powerful Essays