exploring talent management

8/7/2019 Exploring talent management

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ENSURING THE TALENT IN

AN ORGANIZATION

Presented By

Abhishek Triphati

Chakshu Goel

Naveen Keswani

Ranjit Singh

Vipul Mittal



INTRODUCTION ´ Today HR is expected to identify potential talent and also

comprehend, conceptualize and implement relevant

strategies to contribute effectively to achieve organizational

objectives.

´ Hence a serious concern of every HR manager in order to survive the µWar f or Talent¶, is to fight against - a limited

and diminishing pool of qualified available candidates to

replace with valuable employees when they leave.

´ Talent management of knowledge workers and managers isof strategic importance in an organization

´ Organizations are facing severe difficulties recruiting and

retaining the necessary talent to support global operations.



´ India has become the outsourcing capital of the world

and this has created its own set of HR challenges.

India¶s biggest pr oblem is that qualified graduates are

becoming scarce.

´

Despite the large po

pulation, the supply

of talentedpool of candidates cannot keep up with the sharply

increased demand.

´ Here The Question Arises :-So, do we have the

right talent within to attract and retain the bestavailable talent?



THE TALENT ² PARADIGM

Talent

Acquisition

Talent

Development

Talent

Management

Talent Retention

HR Planning

Audits

Policies

LeadershipDevelopment

Capability

Management

Organization

Development

Learning

PerformanceManagement

Rewards &

Recognitions

Career Development

Employee Engagement

Branding



VARIOUS VARIABLES FACTORS

Intrinsic rewards

´ Based on positively valued experiences that a person gets fr om doing

their work tasks.

´ Intrinsic motivation supports f our intrinsic rewards:

1:Experiencing work 2: Meaningfulness choice

3: Pr ogresas 4:Competence

Pride in the organization

´ Good Corporate reputation can increases the current employees:

Motivation

Morale

Satisfaction to their job



CONT«

Manager support. Mentor- Mentee Relationship helps in subjective outcomes such as-

Career Satisfaction & Expectation f or advancement.

Indian work culture require transf or mational leadership which means itdirectly affects state engagement.

Performance management practices

A good perf or mance management system ensures that the talented poolof individual work efficiently & experience challenge.

The employee attrition was linked to perception of poor PM system.



CONTD«

Extrinsic rewards: Hygiene factors

´ Satisfaction with compensation

´ Company benefits

´ Company location.

Hygiene factors tend to result in an increase in intrinsic motivation

when they were expected and linked to a set of standards.



TOP 5 DR IVERS OF EMPLOYEE RETENTIONTOP 5 DR IVERS OF EMPLOYEE RETENTION

´ The amount of joy at work

´ Opportunities f or career development

´ Feeling Of Accomplishment

´ Employment Security

´ Sense of confidence about the future of their current

employer



LIMITATIONS

´ Potential Bias

´ Non Response Bias

´ Research only in India



RECOMMENDATIONS

´ Organizationsmust have meaningful descriptions of thecapabilities (skills, behaviors, abilities and knowledge) requiredthr oughout the organization.

´ Organizationsmust be able to relate those skills and capabilities to

a r o

leo

r a center o

f dem

and, such as a jo

b po

sitio

n, pr o

jecto

r leadership r ole.

´ Talent management pr ocesses must create a comprehensive pr ofileof their talent. They must be able to track meaningful talent relatedinf or mation about all of their people - employees, contractors, or candidates.

´ The organization should identify the crucial talent initiative to attract and retain the employee. They should know which talentmanagement elements can have the greatest impact on thebusiness and theref ore pr ovide a better basis f or prioritization andimplementation.

exploring talent management

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