Concepts Of Talent Management: A Conceptual Framework

Talent Management: A Conceptual Framework

Mrs Sini.S, Assistant Professor,

Rajadhani Business School,

Rajadhani Institute of Engineering and Technology. Attingal.

Abstract

Talent management is gaining increased attention. It supports organisations to recognize the existing talents among employees. It also help to identify the talent required for leveraging the best opportunity to maximise the performance of the organisation. Development and retention of talent and potential is central to the employability component and it brings together the importance of HR and management initiatives. Most of the organisations find it difficult to retain their talent employees since there is a dearth of talent pool. Hence, most of the organisations are focusing

Talent is considered as the most fundamental basis of competition and organisation having superior talented employees are able to coordinate and combine the traditional resources and capabilities in a creative and distinctive ways. The major problem faced by most of the organisations is the shortage of great management of talented employees. By assessing the available talent and placing the right people in their best roles organisations can survive and thrive in today’s increasingly competitive world. This study gives an idea about the conceptual perspective of talent management,objectives,life cycle and the talent strategy. This study also provides a theoretical framework on the uniqueness of talent management in the

According to McKinsey says “talent is the sum of person’s abilities, his or her intrinsic gifts, skills, knowledge, experience, intelligence, and judgment attitude character drive, his or her ability to learn and grow.” Talent management is managing the ability, competency and power of employees in the organisation. The main objective is to create and use the talent to achieve the organisational objectives. The concept of talent management is not restricted to recruiting the candidate at the right time but it also extends in exploring the hidden and usual qualities of the employees and developing and nurturing them to get the desired results. Selecting and retaining the best talent from the according to the culture of the organisation is a big concern for the organisation. Talent management requires both systems and an organizational commitment to attract, acquire, manage, and measure the talent needed to achieve a company’s business objectives. If business and talent management systems are not aligned with processes, companies not only fail to take advantage of their benefits, they also put their goals at risk. Talent management is different from organisation to organisations, some organisation it is about the management of the high worth individual or talented but for