What is talent management? Talent management is defined as an organized strategic process having the right talent doing the right job and helping them to grow their abilities keeping the organization’s objectives in mind. The process involves identifying the talent gaps and vacant positions and onboarding the suitable candidates, growing them within the system and developing their skills and giving them training focusing on future and motivate them to achieve the business goal.
Under the shade of talent management there are many other processes going on to ensure the success of the organization. Choosing the right candidates and then getting them joined and enhancing their skills for present and future are also the equally important factors.
Talent Management Process The following image depicts the key points of the talent management process:
1. Planning Like in any process to achieve the desired outcome, planning is the first step. It involves in finding the gaps like human requirement or any changes and then formulating the job descriptions and creating a workforce plan for recruitment initiative.
2. Attracting: Based on the plan the next step is how to fill the human requirement, weather it will be filled within the organization or need to use external resources. This process may involve a flow of applicants.
The external sources maybe the job portals, referrals or social media. The needed talent pools must be advanced identified to keep the process efficient as possible.
3. Selecting This involves a bunch of tests, written tests, interviews, group discussions and psychometric testing, on public access platforms helps to find the ideal person for the job. There are many software and AI-enabled solutions that interviewers can use to find the most suitable options and the ideal person needed for the job.
4. Developing Candidates may have the skills they write on their portfolio but they need to learn how to use those skills within your organization because you are hiring the human not the CV and they need to be grown enough to work for your organization that why training of the individual is important. This training is also a part of employee and organization interaction and it builds trust of employee over organization.
5. Retaining If an organization is getting successful, they need to retain their talents
effectively. Most of the organizations retain their best talent through promotions, rewards and increments. They also offers the opportunities for growth and encourage the involvement in decision making and special projects.
6. Transitioning Effective talent management focuses on a collective transformation and evolution of the organization through the growth of individual employees. This can help in making each employee feels that they are an important part of the organization.