In our modern world, talent management is indispensable for any organization. Every organization has to retain the talent of its employees in order to face competition and maintain its reputation. In the current situation, there are lots of youngsters in search of a good job. For example, for any vacancy in a company, a minimum of 100 candidates applied for the post. It is the duty of the human resource department to select the best candidate. Capacity plays an imperative role in handling and retaining the candidate so selected.
The researcher discussed the role of talent management in reducing occupational stress. Generally, occupational stress is prevalent at all levels in any organization; in particular, it is more common among employees
…show more content…
Talent management is an occupational strategy that should be properly integrated within all of the employee-related processes of the organization. …show more content…
Talent management is currently a crucial management practice; what was once solely attached to recruitment now covers a multitude of areas. You will find here information on career management and development, career planning, human resource planning, promotion, succession planning, talent audits, talent for competitive advantage, talent pools and war for talent. Conflicts with superior and other workers or customers are other major reasons for stress in most cases. Its the causes of stress that lead to job burnout and health problems. 2. Related Literature
Al Ariss, Cascio, and Paauwe, (2014), said that effective use of talent management in globalized organizations attracts people easily from all over the globe. They identified the key trends that influence the practice of talent management.
Ackfeldt and Malhotra, (2013), investigated the moderating influences of empowerment and professional development on role stress‐commitment interaction while probing and confirming the possessions of role stress on organizational commitment. They found that empowerment is particularly useful in fighting the dysfunctional effects of role ambiguity on affective commitment,
It includes a combination of monetary and non-monetary investments that will attract, retain and engage the people needed to operate successfully. " Competitive advantage comes not primarily from designing and implementing best practices but rather from the proper internal alignment of various elements of a company's talent management system, as well as their embeddedness in the value system of the firm, their links to business strategy, and their global coordination" (Stahl,
Talent Value Model aid businesses in identifying the underlining cause(s) of why employees decide to stay or leave the company. Finally, Talent Supply Chain help organizations predict how their workforce needs will adapt to changes in the business environment.
The importance of staff retention Nurse retention is to provide staff with implements that will empower them in the workplace. Empowerment in organizational structures include power and opportunity. Employees with high levels of power are included in lines of information, support, resources and opportunities to learn and grow (Schwinger ET AL., 2010). In additional employees who have high levels of opportunity in their jobs tend to be more proactive problem solvers and accept change. When staff have opportunity and power, they are motivated, feel more in control, have increased wellbeing and have greater job satisfaction (Schwinger ET AL., 2010).
6 Case Study: General Electric Expat Policy The following is a case study of a former expat Employee of General electric company who lived in china for 5 years for the purpose of the overseas assignment. The case studies the policy of the company and the certain processes followed by the problems that the expat faced during the term of his overseas assignment. Given the globalization, it has become the critical part of an organization to drive the expatriate opportunities for the their employees which in turn helps the organization to retain the top talent as well as to build the talent pool for more challenging roles with global best experience back in their country.
A.P. Moller-Maersk Group: Evaluating Strategic Talent Management Initiatives Jeannine S. Pegram Southern New Hampshire University The senior director of the Maersk Group 's Human Resources department, and the head of HR colaborated to discuss talent management strategy. It is important for HR and Maersk Group to work together and agree on hiring and training of employees to achieve the organization 's objectives and goals. By utilizing the employees and their talents the company will grow and maintain the current pool of trained employees known as human capital. By keeping the human capital it has a huge impact on the economic value of the organization.
Being a master coach can be difficult if I don’t accept my strengths and weaknesses. I’m unable to better myself as a coach if I don’t own my weaknesses and work to fix them, this would be a terrible work ethic and unacceptable behavior of a coach. I would be contradicting myself if I told and athlete to work on their weaknesses and I didn’t work on mine. Coaching is a two-way street, no matter the age group. I believe my strengths are; meeting my athletes prior to the season and setting rules and to know what will happen if the rules are broken.
To assist with the consultation process, we will develop a formal talent philosophy, Human Resources strategy, and a specific staffing strategy. Chern’s talent philosophy describes how employees should be treated and the expectations employees will be held to. Your talent philosophy is that employees are expected to provide top level knowledge and customer service, while attaining sales quotas. Failure to meet quota for four consecutive months will lead to a warning and an additional month of not meeting quota will result in termination. To encourage leadership behavior, employees are encouraged to meet quotas independently as a reflection of employee and departmental freedom.
Employee Empowerment Employee empowerment involves the workforce being provided with a greater degree of flexibility and more freedom to make decisions relating to work. Individuals are allowed to take personal responsibility for improving the way they do their jobs and contribute to the achievement of organizational goals. The four dimensions of empowerment in accordance to Spreitzer’s (1995) study are defined as follows: i. Meaning: The value one places on the importance on a given job, based on the individual’s own standards and ideals (Thomas and Velthouse, 1990) ii. Competence: The ability or capability of the individual to perform tasks or responsibilities assigned.
The workplace had become a high stress environment in many organizations cutting across industries. Employees were experiencing high level of stress due to various factors
INTRODUCTION Human resource management is the strategic approach to the management of an organization 's most valued assets - the people working there who individually and collectively contribute to the achievement of the goals of the business (Armstrong, M., 2006). In other words, human resource management is a to work with employees, and for the employees, to help them solve their problems. Therefore, human resource is a complicate department, as they deal with people who already work there, they also deal with several issues which happen among new employees, such as recruitment, selection and so on. Nowadays, employee retention becomes one of the most significant issue in the organizations, and managers are aiming to find the best employees
The career I 'm pursuing is to become a music producer. A music producer oversees and manages the sound recording and production of a band or performer 's music, which may range from recording one song to recording lengthy concept album. A producer may also select session musicians to play rhythm section accompaniment parts or solos; propose changes to the song arrangements; coach the singers and musicians in the studio to encourage them to do their best; the producer helps the band to polish their performances and get the desired sound and tones. Music producers are required to help artist achieve the best possible sound for their recorded music. Music producers have many duties like arranging music equipment, working with other musical
THEORETICAL BACKGROUND OF THE STUDY: 3.1 RECRUITMENT & SELECTION Recruitment and selection is one of the most important management functions. The whole process represents a significant investment in both financial and other resources. Recruitment and selection are two of the most important functions of personnel management. Recruitment procedure selection and helps in selecting a right candidate.
Introduction Employees are crucial to any business, and so it is extremely important for an organisation to have a great understanding to the recruitment and selection process. This process is used to make sure the right candidate is chosen for the job. The aim of the research is to create a better understand of the recruitment and selection process and what takes organisation to recruit new employees. The recruitment and selection process has so many different elements to think about, and this essay reflects on how the organisation searches for possible candidates to recruit. Recruitment and selection process is dealt with mostly the human resource (HR) department, although in many organisations it is common for other heads of department to be involved in the process to make sure that technical considerations are assessed during recruitment and selection so that no faults are made.
In January 2009 alone, over 200,000 jobs were eliminated in the United States. In such a volatile economic environment, there are few who can rest on our laurels when it comes to job security. Whether you feel confident in your job, or uneasy, below are ten essentials to ensure you're not overwhelmed or unprepared should you be forced to make a strategic move to advance or safeguard your career. Identify your transferable skills - Transferable skills are those skills that you can use in almost any job. They may include proficiency in computer skills; public speaking; organization skills; fluency in a second language; leadership skills; or your ability to effectively train others.
We often talk about human resource when discussing talent management. Human resource indeed plays a very important role and up to an extend talent management fits under HR agenda. The major reason can be because HR prime role is to attract recruitment, retain, promote and develop the resource in the organization. Many books have been introduced, many research have been conducted to understand the key factor impacting talent in the organization.