The Importance Of Talent Management To Organizational Goals

Improved Essays
An organization’s most noteworthy asset is its internal customers; the employees. Without the employees, the organizational mission (what the organization is striving to be) and its strategies (how the organization will strive to reach its mission) would be obsolete. With this said, it is indispensable that the organization assiduously selects the appropriate employees whom would spearhead and achieve the organizational goals set forth by top management. Talent is denoted as the skillset one has. As defined by Gully and Phillips (2014), talent management is referred to as an implementation of integrated strategies or systems designed to increase workplace productivity by developing improved processes for attracting, developing, retaining, and utilizing people with the required skills and aptitude to meet current and future business needs. …show more content…
Failure to do so would result in impeding costs incurred to the organization and a deteriorating overall organizational production. Moreover, human resources professionals are responsible for recruiting, onboarding, and training these qualified candidates in order to continue to maintain the organization’s mission. With the appropriate talent in place, the organizational strategy would be

Related Documents

  • Great Essays

    Talent Management is utilized to shape how the Army is meeting the priorities established by the highest levels in regards to taking care of the force. Army priorities over the years change alongside national values and leadership. In recent years, the Army has set a focus on Soldiers and their management throughout the lifecycle of their career. The current Chief of Staff of the Army, General Mark A. Milley communicated the Army’s priority to take care of Soldiers in his Initial Message to the Army when he stated under his number one priority of Readiness, “We must never send our Soldiers into harm’s way untrained” and in his number 2 priority of Future Army, “We need to listen and learn…developing a lethal, professional and technically competent force requires an openness to new ideas and new ways of doing things in an increasingly complex world.” He also states “Our Soldiers are the crown jewels of the Nation.”…

    • 1289 Words
    • 6 Pages
    Great Essays
  • Decent Essays

    Activity 1 Introduction In this report I will discuss factors that affect an organization’s approach to both attracting talent and recruitment and selection. My report will also include some recruitment methods and its advantages. Benefits to the Organization of attracting and retaining a diverse workforce. Currently, an increasing number of organizations are attempting to enhance inclusiveness of underrepresented individuals through proactive efforts to manage their diversity.…

    • 841 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    Maersk Group Case Study

    • 965 Words
    • 4 Pages

    In the case study, A.P. Møller - Maersk Group: Evaluating Strategic Talent Management Initiatives, showed a spectacular example of why it is vital to align the function of a firm’s human resource department and the businesses overall strategic plans. Alignment of HR strategy with organization strategy can create the competitive advantage organization seek and need over their competition. This association across the company became essential when the low turnover rate begin to increase during the shift of the Maersk Group, a family-owned firm to a worldwide trade company. After the recession in 2008, the HR department of Maersk took into consideration to start to align the employee hiring process in the global company. Primarily, there was…

    • 965 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Peter Novelli Case Study

    • 836 Words
    • 4 Pages

    Prior to 2004, talent management and performance management at Peter Novelli was based on competency models that determined high potential talent and succession planning. However, the company decided to change its talent management strategy in order to be more aligned with its business strategy. According to Goldsmith, Carter, and Institute (2009) the company’s new strategic vision “focused on a new approach to client account planning, a more client-centric structure, and a greater emphasis on operating interdependence between the globally dispersed offices in the service of multinational clients” (para. 2).…

    • 836 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Succession Planning and Acquisition of Employees for Global Positions Lindiwe Musekiwa Walden University Introduction Leadership continuity is a must in today’s highly-competitive business environment where change is inevitable, but, acquiring and retaining workers with practical knowledge, skills, and abilities is critical for the growth and development of, not only the organization, but also individual employees. Globalization and technological innovations are forcing organizations to embrace innovation in order to stay competitive, shying away from antique ways of conducting business, and opting or preferring contemporary, systematic business operations such as succession planning practices, judicious recruiting and…

    • 1012 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    The sustainability of supply chains has aroused increasing concern in a competitive environment today. However, companies are more focusing on greater speed and lower cost in their operations while ignore the changes in the market, which is not enough to maintain or enhance their competitive advantages in the long-term (Lee, 2004). This essay will start with explaining how to improve a supply chain in a competitive context by using examples, and then identify the role of technology and talent in a continuous improvement. At last some suggestions will be put forward as guiding principles for addressing the challenges in talent management.…

    • 1079 Words
    • 5 Pages
    Superior Essays
  • Great Essays

    1. Introduction Managing in the 21st century has become more challenging than ever. In recent years, there has been an increasing focus on managing Millennials. By the year 2020, it has been estimated that Millennials would comprise of half the global workforce (PricewaterhouseCoopers, 2011).…

    • 1577 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    To identify the importance of Talent Management practices within an organisation, and what objectives should be addressed? According to the Director of student services (2016), it is essential that not only is a talent management in place in UCD Sport & Fitness but it needs to be very pro-active rather than a re-active strategy. However according to the Aquatics coordination (2016) the importance of Talent Management is not essential within UCD Sport & Fitness and the employees of that department are identified as commodities and not assets. Stating that once employees have the relevant qualifications and are happy doing that role within the organisation the organisation has reached its objective.…

    • 1113 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    Google Case Study

    • 1324 Words
    • 5 Pages

    The project was born when the executives within Google started to question about what a does a manager do. What is their impact on the organization and its employees? Are they really needed. If yes, what is it that they do that is important. What are the traits that a successful manager should possess?…

    • 1324 Words
    • 5 Pages
    Superior Essays
  • Superior Essays

    Employee s who understand what is expected of them and receive regular feedback are more engaged and can make more informed daily decisions with their increased knowledge. BSWH cascades company goals and allows employees to set perso nal goa ls on an annual basis. This allows the entire organization to see where the company is going and to make sure the employee knows his/her role in helping in the achievement. This is the one thing I like the best, full transparency.…

    • 1291 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    A rapidly changing global and competitive environment demands the requirement of identifying and recruiting the right talent. An effective Human Resource planning is required for effective recruitment in order to attract the right resources for the right job. Recruiters make use of both internal and external recruiting methods to incorporate the right talent into the company. Every recruitment process has its own advantages and disadvantages.…

    • 767 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    Organizations talent management and intrapreneurship Today, most companies try to create an environment that will give more space for employees to explore their own new ideas. If the idea looks in line with the company vision, the employee might get an opportunity to become an intrapreneur. In the past, someone with these skills and a desire for this type of thinking would most likely be part of a startup.…

    • 755 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    Strategic talent management is essentially the implementation of some integrated strategies or systems that are designed to increase the productivity of the workplace by ensuring that processes are overall improved in order to ensure proper attraction, developing, retaining and utilizing of people with the required skills and aptitude are effectively controlled, so that they can meet the current and future business needs; Talent management is defined as an integrated set of HR practices or functions, such as recruitment, selection, development and performance appraisal aimed at increasing the capacity of organization (SHRM, 2006; Fegley 2006; Mercer 2005); Talent management primarily focuses on: • Selection of people or talents whereby it is not the selection of good quality skilled people but the search for the appropriate skill for the longevity of the company strategy, • Job positions to which the particular job positions are to be placed, • Motivation of talents in the organisation so that they company performance increases, • Development of the company to achieve good business growth by developing the talent of the existing skilled personnel, • Employee…

    • 1372 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Organizational Resilience

    • 1142 Words
    • 5 Pages

    Organization world over are considering the adoption of new work practices, such as problem solving teams, enhanced communication with workers, employment security, flexibility in job assignments, training workers for multiple jobs, and greater reliance on incentive pay. This work provides empirical evidence to address the question; do these human resource management practices improve organizational resilience. Ability to respond and ability to monitor invariably improve on organizational resilience (Barney, 2007). Dimensions of Talent Management 2.2.1 Talent Identification This is the process of finding the right people for each job by understanding what constitutes success in a particular role.…

    • 1142 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Human resource is one of the competitive advantages among the production resources of the organizations. As such this is the only resource that has the ability to gain knowledge, skills, and get motivated. This is the only resource that has the capacity to get enhance their abilities (under right conditions) with the procurement of knowledge and experience for the betterment of an organization. It is therefore regarded as the scarcest and most crucial productive resource that creates the largest and longest lasting advantage for an organization. Human resource is the least mobile of the factors of production, which are operated in an organization.…

    • 1241 Words
    • 5 Pages
    Improved Essays