TALENT MANAGEMENT DYNAMICS IN THE HEALTHCARE INDUSTRY: A STUDY OF AN INDIAN HEALTH CARE PROVIDER AUTHORS Dr. Pallavi Srivastava Assistant Professor (HRM) AmityBusiness School, Amity University Uttar Pradesh, Lucknow-INDIA Full Postal Address: M.G.S.-4, Sector B, Aliganj, Lucknow-226024 (Uttar Pradesh),INDIA Phone: +91-9455251711 Email:pallavisrivas@gmail.com & Salil Seth Assistant Professor Bora Institute of Management Sciences,Sitapur Road,Lucknow Full Postal Address: B-121, Indira Nagar Lucknow-226016, (Uttar Pradesh),INDIA Phone:+91-9565977217 Email: salil100seth@gmail.com (An earlier version of this paper was accepted for presentation at “International Conference on Management in the New World Order” held at IIM Ranchi on August 12-13, …show more content…
The research methodology entails a case study based on a leading healthcare provider, a 250-bedded hospital in a major city of Uttar Pradesh, India where semi-structured in-depth interviews were conducted on the employeesin the managerial as well as technical cadre. The content analysis of the interview findings unfold the differential between talent management practices operating at the end of the management and the other in the form of its perception by the employees. This leads to the drafting of suggestive best practices that could act as a tool in managing talent. Although it is an exploratory study, it has implications for both researchers and practitioners in the field. It brings into light the contextual factors that hinder the talent management practices to come into reality. For industry, an endeavour of the sort would help healthcare practitioners in acquisition, development, retention & management of the pool of talented …show more content…
It also attempts to explore the urge, ways, hurdles & probable solution for broadening the talent pool for a sustainable growth in the healthcare arena more so at a time when developing countries like India are yearning for achieving the stature of favourite medical tourism destination.The findings of the study are used to draft suggestive best practices that could act as a tool in managing talent. A qualitative study entailing interviews of employees with a keen sense for deciphering (decoding) the verbal & nonverbal clues are the key determinants in drawing the blueprint
Ultimately, the healthcare field offers limitless opportunities for growth and development, making it an excellent choice for those seeking a fulfilling
The talent triangle consists of three components: the business acumen, domain knowledge, and operational experience. Steven satisfies all three components. Steven satisfies the element of business acumen which requires skills and knowledge and experience to make key decisions. He has thorough knowledge of the geographic areas of the Province and experience Paramedics at all different levels. Steven’s over 25 years working experience reflects the elements of domain knowledge.
Human-Capital Facts 2. Analytical HR 3. Human-Capital Investment Analysis 4. Workforce Forecasts 5. Talent Value Model and 6.
There is not one element, but rather a confluence of factors that is driving the healthcare field to grow so fast. Some of the factors driving the increased demand include, the physician assistant shortage and cost effectiveness. Students recognize this trend and pursue careers in healthcare by enrolling in healthcare programs. For physician assistants specifically, the demand is very high due to the fact that physicians cannot be produced fast enough. Due to the lack of physicians, ?
Eischen is an insightful book that highlights the complex HR issues faced by healthcare organizations. This book is a comprehensive guide for HR professionals in the healthcare industry and provides valuable information on various challenges, including employee recruitment and retention, managing diversity and inclusion, employee engagement, and talent management in the ever-changing healthcare landscape. Eischen's practical approach and real-life examples make this book an excellent resource for HR professionals, administrators, and healthcare leaders seeking to improve their understanding of HR challenges unique to healthcare. With the healthcare industry undergoing significant changes, this book is an indispensable tool for those seeking to navigate HR challenges in healthcare and develop effective strategies to address
In this case, it will become easy to acquire a job as moving from one state to the other will become possible. Also, it will improve the quality of services since each of the nurses will have to meet specific requirements of the nursing body. The APRNs will have to get involved in operations that will make them develop their profession by getting involved in care provision in different levels of hospitals (Dahlin, Coyne & Ferrell, 2016). Acquiring experience will be facilitated by the initiative. Therefore, the nurses will have a chance to work all over the country and get involved in taking care of patients with different conditions.
Healthcare organizations (HCOs) face a number of difficulties within its organization each day, including patient acquisition and patient retention. It is commonly believed that getting individuals to their healthcare facility is the most challenging aspect that HCOs face. Of course, new patient acquisition could be a challenge without an efficient marketing strategy, but the challenge does not stop there. One of the biggest challenges for many practices today is maintaining a high patient retention rate. Pushing a patient from a one-time-visitor to becoming a frequent visitor of a specific healthcare organization involves much more effort than expected.
HR Practices of Primark Primark is clothing retailer from Ireland which has operations in Austria, Belgium, France, Germany, Ireland, Portugal, Spain, Netherlands, United Kingdom and soon the United States. The company was founded and has its headquarters in Dublin, Ireland. It has around 51,250 employees worldwide as per the latest estimates. HR Management in the 21st Century: Challenges for the Future Recruitment and development: One of the most important challenges facing global organizations in the 21st century is building the ability to attract, recruit and retain the best talents amidst huge competition with competing organizations. In order to do so the company must create an environment where everybody enjoys working and using their
Employees that meet quotas and perform well are rewarded with bonuses based on customer service and sales, in addition to advancement within the company. These procedures and guidelines reinforce the idea that your company desires quality employees that are willing to improve the company and themselves. After a talent philosophy has been developed, a Human Resources strategy must be developed. A Human Resources strategy links the company’s business strategy and goals with the functions of Human Resources. Chern’s Human Resources strategy fits the following description: Human Resources desires to
Contemporary management involves many aspects of management. These aspects include planning, leading, organising and controlling operations to achieve certain organisational goals. When comparing different management levels it is evident that at all levels emphasise the importance of using resources effective and responsibly. Managers should be able to build their own as well as their subordinates’ skills, regarding decision making, monitoring information and supervising personnel are which are essential to success. Managers have great responsibilities, these responsibilities include managing a diverse work force, maintaining a competitive edge, behaving ethically and using emerging technologies.
According to Mary Parker Follet (1941), management is the process of “getting things done through people”. (Khan A. Imaad,2008). Over the course of the years many theories and perspectives have been created as a conclusive result of many research studies. Two such approaches are the theory of ‘Scientific Management’ and the ‘Human Relations’ approach. Frederick Taylor’s Scientific Management is popularly known as the first theory in management history (Stoner, Edward, Gilbert, 2003).
The research noted that recruitment procedures that provide a large pool of qualified applicants, paired with a
SP18 MGMT3341.02/03 - Human Resource Planning, Staffing, & Selection Team #6 - Heather Fralish, Craig Gil, Emerald Kormah, Jennifer Restivo, Bianca Tolentino Team Exercise: Chapter 2, Case Study (page 44-45) Integrating McDonald’s Business, Human Resource, and Staffing Strategies This week, we were asked to take a closer look into the business of McDonald’s and to discuss the importance of people to the organization. As we all know, all businesses thrive on one main person: their consumers. Without them, no business could be successful! But in order for the consumers to be happy, a business thus begins with another person: their workers.
Managing talent has emerged as one of the greatest problems faced by MNC’s in India. Using three examples from industry, illustrate how organizations are managing talent in their organization? In one of the interview by Mark Zuckerberg reveals his thought on talent “Hiring for talent is more relevant than hiring for experience.” He also mentioned Less-experienced new hires may be willing to take more risks and have more potential than people with good amount of experience while joining.
Human Resource Management (HRM) established in early 20th century, it is an integrated set of roles, functions, components, decisions, systems and processes in the whole system that meet the needs and support the work performance of all stakeholders to accomplish organizational goals (Hassani, Mobaraki, Bayat, & Mafimoradi, 2013). In healthcare system, HRM is a vital management of different kinds of clinical and non-clinical staffs who are responsible for public and individual health intervention (Kabene, Orchard, Howard, Soriano, & Leduc, 2006). However, the problem of recruitment and retention of healthcare professionals (HCP) are challenging the HRM of healthcare which would lead to inadequate healthcare services in a country (Kadam et al.,