Factors Influencing Talent Management

Factors Influencing Talent management

With special reference to Competency Mapping.

*K.Gracy Saila sree

ABSTRACT:

In today’s business scenario, Talent is considered as the most vital component which plays a crucial role in bringing competitive advantage for the organizations. It is inevitable to accept that people make all the difference in business. These people once called labor, laborers, workmen, personnel etc, are now being considered the “Real Talents” who can make or break the profits for a business. Therefore the importance of talents (people) in the organization should be looked at with a bird’s eye-view. The first step to manage the talents is acquisition of talents. Acquisition of talents here means attracting right and great

Many things can be replicated in an organization by other players in the business environment such as innovation, market competitiveness, launch of new products, pricing models and strategies, policies and procedures etc., but the skills and talents of the leaders and other workforce cannot be replicated. It almost impossible to do so. Therefore managing the ‘real talents’ in the organization becomes one of the core activities of an organization.

HR specialists and managements of various organizations agree that talent management should be practiced as a critical value resource. Business analysts have been considering that the financial value of an organization is measured by the talent management system that it builds up.

FACTORS INFLUENCING TALENT MANAGEMENT

Talent management, as it deals with the people in the organization encompasses all those activities or factors which are related to employees in the organization such as:

1. Talent acquisition

Recruitment

Selection

Placement

2. Training and

This is because, Competency is the integral part of a TALENT(Employee).

TALENT ACQUISITION:

Talent acquisition is the process of exploring and acquiring skilled talent for organizational needs and to meet any kind of talent requirement. This process involves recruiting, selecting, placing and inducting the right talents for the organization and conducted ny the talent acquisition team which exists within the Human Resources department. This team is responsible for identifying, acquiring, testing, and hiring candidates to fill in the vacancies or roles that are required accomplish the organizations objectives.

Talent acquisition is becoming a unique profession, unlike the practice of general recruitment. Talent acquisition professionals are skilled not only in identifying the right sources of talents, potential assessment, setting hiring standards, but also in corporate hiring initiatives and employment branding practices. Today, we can see that a company’s success and effectiveness is so intertwined with its talent acquisition and development is so intertwined with a company’s ultimate success and