TALENT MANAGEMENT

ROHITHA PUTSALA 121823701001

 EVOLUTION
• World war 2 – human capital crisis
• Diversified work force
• Word ‘ talent ‘ – 1998 – war of talent –
Elizabeth.G.Chambers
• Top talent – adaptive, decisive,
successful – unable to find
• TM process – create key value
propositions and development of
attractive workplace environment
 MEANING OF TALENT
• Ability, aptitude, bent, capacity,
endowment, faculty, flair, forte, genius,
gift, knack.
• Unusual natural ability to do something
well that can be developed by training.
• Person or people with an exceptional
ability.
• coordinating and managing the
different talents
• evaluating each individual on their skills, talent,
personality and character, in relation to filling a
particular vacancy
• educational qualifications and skills, previous
experience, known strengths and additional training
they have undertaken, to their abilities, potential and
motive, qualities and personality
• talent management generally depends on the size of
the business
TALENT MANAGEMENT PROCESS
HR ROLE IN TM
 MEASURES TO RETAIN TALENT
• Hire right people
• Keep up the promises
• Good working environment
• Recognition of Merit
• Provide Learning Opportunities
• Time to de-stress: All work and no play makes
Jack a dull boy
 ADVANTAGES
• Competency gap reduces
• Organization's effectiveness and efficiency
• achieving the business goals
• organization's overall culture and work climate
• Satisfaction levels
• People turnover goes down
 CHALLENGES OF TM
• Higher total compensation demands
• Tightening talent market
• Unappealing company culture
• Increased employee turnover
• Lack of leadership
 DIFFERENCE BETWEEN TM AND KM
• Talent management is the way in which an
organization identifies, selects, develops and
deploys the people resources it requires to
execute its strategy
• Knowledge mgmt is the way in which you
record, store, deliver and distribute the critical
internal “intellectual capital” e.g. processes,
procedures, resources, training, etc.,
 KNOWLEDGE MANAGEMENT
KM involves the understanding of:
• Where and in what forms knowledge exists
• what the organization needs to know
• how to promote a culture conducive to
learning, sharing, and knowledge creation
• how to make the right knowledge available to
the right people at the right time
KM PROCESS
 CHALLENGES OF KM
• Security
• Getting People Motivated
• Keeping Up With Technology
• Keeping Accurate Data
• Measuring Knowledge
THANK YOU