As well the typical duties of an HR division, one more has been innovative to the list - Talent Management. Talent Management is about identifies a person's natural skills, talent, qualities and traits, while offering him or her job. Each person has a certain talent well-matched to a particular job profile.
For example, in my case, the talent of being able to write well has got me into the field of satisfied writing. It is the HR who hires and identifies the talent of new hires and places them in the right job in their organization.
It is not as simple as it sounds. An employee trapped in the wrong job would result in new hires, re-training and other activities. Talent management is significant for an association as globalization and competition have increased the need to hold on to good performers in their field of procedure.
In spite of its importance, talent management has two challenges to face. The first is about finding new talent to fit in to the required job description. The second lies in retaining existing employees. People change jobs for reasons such as unhealthy working atmosphere, better opportunities, good compensation package, gap between the organizational goals, personal goals and bad management.
It is vital for the HR department to hire the right employee for a appropriate role in the organization or else increased attrition will contribute to the loss of business. Some effective measures for HR to hire and retain talent are
1. Keep up the promises: When a company commits to one candidate, it has to live up to their promise and vice versa.
2. Good working environment: A healthy work environment is the key to the growth of any business.
3. Recognition of Merit: Timely motivation rewards and appreciation will keep the employees' spirit alive and encourage them to perform better.
4. Provide Learning Opportunities: Regular learning opportunities, on and off the job training sessions, management development programs and distance learning programs should be conducted for employees.
5. Time to de-stress: All work and no play make Jack a dull boy. Similarly, an increase in work responsibilities and pressure can lower one's productivity. Regular entertainment programs, fun activities, etc, will leave employees refreshed and increased energy.
6. Hire right people: Hiring the right people for the right job is beneficial to the organization as well as
new hires.
Today's passive world demands that organizations keep existing talent in every form, making it essential for the Human Resource department to nurture talent management effectively. It is valuable to the organization as well as the employees.
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