Global Talent Management Essay

3053 Words Jan 3rd, 2014 13 Pages
Global Talent Management
Recent developments in management- and academic literature and application of the ING.

Talent, from Greek talanton; Latin talenta; a unit of weight or money.

Amsterdam Business School Course: Author: Date: Business Studies Seminar, Final Assignment (Paper) Bekir Gündelik #10481745 23-10-2013 1

Introduction The term “talent” dates back to the ancient world (from Greek talanton; Latin talenta) where it was used to denote a unit of weight or money (Talent, n.d.-a; Tansley, 2011). Subsequently, the meaning of talent underwent a considerable change, standing for an inclination, disposition, will, or desire by the 13th century (Talent, n.d.-a). In the 14th century, talent then adopted the meaning of a special
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Current developments in Global Talent Management Internal development was the norm back in the 1950s, and every management development practice that seems novel today was commonplace in those years; from executive coaching to 360-degree feedback to job rotation to high-potential programs (Capelli, 2008). Current traineeships, offered by large corporates, commonly offer two to three year talent programs, where new graduates are provided with training and several assignments within different units of a corporation. Assignments abroad are generally provided, if applicable for the trainee and the employer. With demographic changes, the world is becoming a smaller marketplace but nevertheless, differences between the western countries and the non-western countries keep being large. Beginning in the late 1990s, firms around the world were confronted with a major threat to doing business: a demand for talented employees that far surpassed the supply, thus creating a global talent shortage (Chambers, Foulon, Handfield-Jones, Hanklin, & Michaels, 1998; Michaels, Handfield-Jones, & Axelrod, 2001). As a consequence, “talent acquisition, retention and management” became a key challenge in global business (Guthridge, Komm, & Lawson, 2008). On the contrary, problems faced by Unilever’s Indian operations after 2000 are a case in point. Known as a model

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