The Importance Of Talent Management Programs In Organizations

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Introduction
In this document the author will develop a talent management program for the organizations. The organizations are facing problems of poor leaders, employee retention and skill shortage. The organizations need a pool of talented leaders to fill vacant positions. In this document the readiness, goals, metrics, communication and tools of talent management program will be discussed in detail. The materials used in making the document will be secondary i.e. journal articles, previous researches, presentations, class-study material etc. This document will help the author in understanding the importance of talent management programs in the era of globalization. There is a limited research available on the topic of talent management.
Readiness …show more content…

There is a need of succession planning to implement the talent management programs. Succession planning involves choosing the next senior team and managers. The organization need ample budget to implement those TM programs. There should be competence tests of the employees. The test results will help in developing the data for metrics. There is a need of open and transparent system inside the organizations to implement the TM programs. The organizations should provide the information on values, mission and objectives of the company and its linkage with TM programs. The latest tools should be used in the training of employees. The internet and information technology has completely changed the process. The organizations can use latest communication tools i.e. social networking websites, emails, blogs, dashboards to improve their communication with various …show more content…

There are some superior employees whose performances remain always better; insurance policies are the employees who can be put in any role. The diagnostic tools also help to understand about employees creating problems for the organization.
Monitoring Process- There is need of constant monitoring process to check the quality, credibility and timeliness of talent management programs.
The continuous commitment and internal motivation of the employees should also be checked at regular time intervals. Sometimes employees feel psychological and mental problems which affect their process. An open and transparent system can help an organization to discuss everything in details with the talented employees.
Conclusion
On the basis of above discussion it can be concluded that it is important to manage the human talent and skills to fill the vacant gaps in the organization. Without talent management the leadership structure of an organization can’t be strong. The talented employees are the core assets of the company and in this century it is equally important to ensure the human talent along with money, infrastructure and other tangible

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