Talent Management An Organization - 1464 Words

Talent management is a term that includes a large variety of different methods a company interacts with workers from training, coaching, succession, recruiting and performance. It is considered an umbrella term that all of the various talent strategies fall under. Talent management has become a major issue in todays’ job market with more companies beginning to understand the need to retain quality people in their workforce and have started to attempt changes in their talent strategies as the market has become even more competitive these days (TALENT MANAGEMENT,2015). OCBC is a publicly listed financial organization that has its main office in Singapore and has over 200 billion in assets and is the strongest of the world’s top ten strongest banks with a history of more than 80 years in Singapore. This organization has been given a number of awards over the years for Excellency. Some of these awards are most attractive employer, bank of the year, internal audit excellence, best managed board, best people manager are some of the awards the bank has received. The bank is known as not only for its discipline concerning risk management and credit, but also its methods of dealing with its talent. The bank has the same methods of dealing with its work force that it does in other areas of it business. The company has a number of ways it develops its workforce to attempt to create a win, win situation for the company and the employee. First the bank has a bank’s career best programShow MoreRelatedTalent Management : An Organization1202 Words   |  5 PagesIntroduction Talent is an advantage to a company. According to Blass(2009) talent management is the additional management, processes and opportunities that are made available to people in the organisation who are considered to be ‘talented’. Talent Management nowadays have a pivotal role in the companies because the stability and the reliability depends on that. With the talent management, HR is showing interest in the staff. HR role in the Talent Management HR has an important role in talent managementRead MoreTalent Management : An Organization2520 Words   |  11 Pagesrecent economic changes, talent management has become the important part of the human resource management as organizations are challenged for maintaining innovation and growth and the forecast predicts leaders are in search of anchors for their corporate ships. Leaders believe that talent management means maximizing business potential through people by selecting right people, develop their potential, build their commitment and support them with changing periods. Talent management plays crucial role inRead MoreTalent Management : An Organization2721 Words   |  11 PagesTalent management Talent management isn’t a new concept to human resources (HR) leaders or to major companies, but it takes on new meaning and greater importance in volatile economic times. The definition of talent management varies among industries, companies and even branches of the same business. That’s generally smart because it means managers are molding the concept to fit their firm’s needs. The best approach is to define it simply as the work businesses do to get the most out of their peopleRead MoreTalent Management : An Organization1724 Words   |  7 PagesTalent Management: Beardwell and Thompson (2014) Define Talent as an individual whose skills and aptitude are adaptable across many other areas and can make a difference to an organisations overall performance. Many researchers differ in their understanding of what is Talent Management, thus there is little consensus among the literature. Collings and Mellahi (2009) suggest that the topic Talent Management has received a huge degree of interest from both academics and practitioners. McDonnell (2010)Read MoreThe Importance Of Talent Management For An Organization1016 Words   |  5 PagesA talent is the ability in a person to perform a particular task in a special manner. Talent management means ng the ability, competence and power of an employee within an organization (Management Study Guide, n. d). It is the objective of every industry to remain competitive in providing better services and winning more customers. To meet this, it is necessary to employ proper management in the human resource sector. Why manage talents in an organization? Talent management is done to ensure thatRead MoreTalent Management Issues Facing International Organizations1161 Words   |  5 PagesThe variety of talent management issues facing international organizations nowadays is enormously broad. One of the main tasks facing companies all over the world is constructing and supporting a solid talent pipeline. Not only do companies need to regulate to shifting demographics and work force preferences, but they also need to build new abilities and invigorate their organizations — all while struggling with new competitors, investing in new technologies and globalizing their actions. What doRead MoreThe Hidden Talent Of Talent Management1339 Words   |  6 PagesInformation Technology organizations should develop, plans and process to track and manage their talented employees, because most of the employees they are not aware of their talent. All IT employees have talents which should be identified. Talent management is a systematic attra ction, identification, development, engagement/retention and deployment of those individuals with high potential who are of particular value to an organization. This study is endeavour to identify the hidden talent of the InformationRead MoreTalent Management Strategy1693 Words   |  7 Pages Talent Management Strategy Alicia Cann Dr. Zelphia Brown, SPHR HRM532- Talent Management 5/12/13 Formulate a talent management strategy to encompass the entire talent requirements of the organization. When discussing and planning your organization’s future, it’s important to consider not just the goals, objectives, and initiatives, but clearly how to accomplish them. The most important contributor is undoubtedly your employees. Aligning the organization’s business strategyRead MoreSustainable Talent Management1401 Words   |  6 PagesSustainable Talent Management In order for organizations to meet the growing demands of business sustainability and maintain a competitive advantage over the competition, businesses are encouraged to take a hard look at their talent pool (Urlaub, 2011). This process aims to retain employees and foster their continuing development of skills and competencies to achieve the organization’s immediate performance goals and long-term strategic objectives. This often requires managers toRead MoreHuman Resource Management System Implementation947 Words   |  4 PagesUniversity Human Resource Management System Implementation Human Resource Information system (HRIMS), also referred to as Human Resources Management System (HRMS), is a series of integrated systems that is utilized to gather, organize, and analyze information regarding human resources in an organization. This assists in the automation and simplification of an organization’s tasks, but most fundamentally, it aids in the laying down of a framework on which the management of human resource policies