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Contemporary Issues in Talent Management

Talent management refers to the techniques utilized by HRM (Human Resource Management) and overall management to recruit, retain, develop the required talent either in-house or through external recruitment. The following details the issues faced by present HR personnel in retention of talent rather than in acquisition, which was discussed before in recruitment blog post.

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Retention of Talent

Due to many businesses and corporations at present are focusing on lowering the cost of manufacturing or service via downsizing, it creates an overall atmosphere of fear and distrust in employees (Juneja, 2018). Thereby making retention of the required talent a lot difficult than before. Also the talented nowadays have a wider variety of opportunities, thanking heavily to increase in competitors seeking the best, and also due to wider availability of job opportunities due to advancement in internet technologies.

Advancement in Technology

Technology as a whole is evolving, and technology related to talent management alone cannot stay at a standstill while delivering a competitive advantage. Rather than utilizing just online learning and standardized techniques technology should be utilized in a manner which is supportive to employees in the organization (Donaldson, 2016).  Doing so requires a certain degree of capital, time and effort which could be costly.

Transfer of Knowledge

With the retention of talent being seemingly difficult at present, the question remains how the knowledge of the employee, who is leaving the organization, can be transferred to the new employee. At present transfer of knowledge requires shorter cycles than before (Erickson, 2008).

Creating Value to Diverse Multiple Groups

With many companies willing to accept diverse work groups, and workgroups consisting of all age groups, in order to broaden their horizon, it becomes increasingly difficult to provide a harmonically and irresistible value to these differentiating work groups.
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Source: Talent Management | SOAR Community Network

References

  • Donaldson, C., 2016. How PayPal’s “Ministry of Culture” drives diversity & inclusion success. [Online] Available at: https://www.insidehr.com.au/the-top-10-talent-management-challenges-for-hr-in-2016/ [Accessed 14 June 2018].
  • Erickson, T., 2008. Today’s Top 10 Talent-Management Challenges. [Online] Available at: https://hbr.org/2008/06/todays-top-10-talentmanagement [Accessed 14 June 2018].
  • Juneja, P., 2018. Talent Management - Opportunities and Challenges. [Online] Available at: https://www.managementstudyguide.com/talent-management-opportunities-and-challanges.htm [Accessed 14 June 2018].



Comments

  1. Anonymous5 July 2018 at 08:42

    Good essay with latest referencing

    ReplyDelete
  2. Unknown6 July 2018 at 09:07

    Well organized blog, good content...

    ReplyDelete

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