The HR expert and author Michael Armstrong maintains that as a business concept, Talent Management emerges from the strategic plan and direction of an organization specifically “what [the strategic plan] signifies in terms of the talented people required by the organization… [it focuses on what is required] to develop and maintain a talent pool consisting of a skilled, engaged and committed workforce” (2006:390). Implementing Talent management elements requires “in-depth planning with great rewards that would enable organizations to recruit, develop and manage employees into a highly productive workforce” (2007:2). In our rapidly changing and increasing global economy, to be successful organizations need to incorporate talent management as an integral part of their overall strategy for human resources and business, touching on all the key Talent Management elements.
The goal of a Talent Management strategy is to attract the right people, train them, develop and deploy them to support the delivery of the organization’s business goals. This would enable organizations to effectively respond to new and evolving internal and external influences such as changing economic factors; globalization, changing shifting demographics and societal trends.
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An effective Talent Management strategy would enable the organization to develop employees who are leaders armed with the skills and capabilities needed to meet the business future needs.
A Talent Management strategy should have a significant focus on addressing the three key areas that makes up the core elements of Talent Management - Recruitment and Selection, Performance Management and Leading and Development. Areas I will look at in-depth in a series of articles. Through my research and through interviews with human resources management experts within, it is clear that a Talent Management strategy should focus on all members of the organization and at all levels.
Surranna Sandy is the President of ResumeSolutions.ca. Ms Sandy is a Canadian expert in resume writing, interview preparation, career coaching, employment trends, hiring practices and workplace issues. Ms. Sandy partners with both Fortune 100 companies and individuals to deliver targeted programs focusing on résumé development, job search strategies, networking, interviewing, and salary negotiation skills. Contact Ms. Sandy via email at info@resumesolutions.caor by phone at (416) 361-1290/1-866-361-1290. |
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