talent management complite
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CONTEMPRARY ISSUE PRESENTATIONON
TALENT MANAGEMENT :A TOOLS OF COMPETITIVE ADVANTAGES
PRESENTED BY-
DOULAT RAM GUIDANCE BY-
SHAURYA RANWAT
PACIFIC BUSINESS SCHOOLUDAIPUR
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INTRODUCTION:
WHAT IS TALENT?
Talent is an attitude of high mental and artistic abilitywith special aptitude which creates value in anorganization needs to success.
WHAT IS TALENT MANAGEMENT?
Talent Management means nurturing and developingthose people identified as having ability and potentialand it should form part of any organizationsrecruitments and retention strategy.
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OBJECTIVE
How Talent Management can generatecompetitive advantages to the
organization.
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NEEDS AND IMPORTANCE OF
TALENT MANAGEMENT
Rapid Product introductions Improved service delivery
Increased innovation Lower production cost Increased on time, on budgets projects
Higher customer satisfaction Sustained organizational improvement
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HOW EFFECTIVE IS TALENT
MANAGEMENT
Recognisation of the strategic importance ofTalent Management from top.
Talent Management that is based on acomprehensive human capital strategy bybusiness strategy.
A researching strategy that is based on clearunderstanding of critical skill needs and gapes.
The ability to attract and retain diversity in theworkforce.
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TALENT MANAGEMENT PROCESS
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WHAT ARE THE CHALLENGES THATTOP MANAGEMENT FACE IN
MANAGING TALENT
Recruit and retention to Talent.
Clarity in communication role andresponsibility.
Having ill structured compensationpackets.
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WHAT NEEDS TO BE DONE
Develop employee profile.
Formulation of aggressive developmentstrategies.
Developing employee value proposition.
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Current State in T.C.S
Total Employees: 111,407
Lowest Attrition in the Industry :12.6% LTM (including BPO)
Gross Addition in FY09: 30,000 to35,000
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CONCLUSION
Organizations must have meaningful descriptions of thecapabilities (skills, behaviors ability and knowledge)required through out the organization.
Talent Management process must create acomprehensive profile of their talent they must be ableto meaningful talent related information about all of thepeople employees contracts or candidates.
The organization identify the crucial talent initiative toattract and retain employee and they should know whichelements can have greatest impact on the business andtherefore provide a better basis for prioritization and
implementation.
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