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Essay / Talent Management Essay - 2011
IntroductionOne of the key innovations that has taken place in international human resource management in the Asia Pacific region is talent management. The idea of managing talent is not new. 40 or 50 years ago, this function was considered a peripheral element, relegated to the personnel department. But today, talent management is an organizational function taken more seriously by many organizations. In the Conference Board's 2007 CEO Challenge Study, CEOs' rankings on the importance of finding qualified management talent increased by 10 percentage points or more from the same rankings. research conducted a year earlier. “Talent management” is a human resources management process that includes five (5) phases: recruitment, development, retention, compensation and positioning. “Talent management” refers to the process of developing and onboarding new workers. , develop and retain current workers, and attract qualified workers to work for your business. Talent management is a process that emerged in the 1990s and continues to be adopted, as more companies realize that the talents and skills of their employees drive their business success . The main objective is of course to reveal and/or acquire super talented employees. working in key/strategic positions in a company. The term talent management has been used since the 1990s and since then, thousands of companies around the world have applied this crucial process in their human resource management. Talent management is important for an organization because globalization and competition have increased the need to retain the right people in their company. area of operation. It's not as simple as it seems. It is vital for the human resources department to hire qualified personnel whose needs are more likely to motivate them to act in the desired manner. Low absenteeism: why would anyone want to skip a day and watch a not-so-favorite TV program at home, if they enjoy the office environment, are happy with their salary and get what they need and what they 'he wants?4. Low turnover: Would your employees want to work at another store if you offered them fair rewards? Awards they thought they deserved? Advantage for your employees: 1. Peace of mind: by offering several types of insurance to your workers, you relieve them of certain fears. Your employees now work with a relaxed mind.2. Increases self-confidence: Every human being wants their efforts to be recognized. Employees become more and more confident in themselves and their abilities if they receive fair rewards. As a result, their performance level increases/climbs.