Global Talent Management Case Study

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Constraints and challenges of global talent management
A tectonic shift has been noticed in the talent management landscape. There is a growing shortage of talent and quite obviously, they are in high demand. On the other hand, talented individuals started considering today’s employment as a seller’s market, providing them with an opportunity to offer their skills and expertise to the highest bidders, and ask for inflated remunerations, along with an ongoing stream of new scopes and support.
When it comes to skilled professionals—be it ones with great potential or an impressive career record, the power has transferred to employees from employers. Loyalty to one employer—or a single career path—is going to be an exception instead of being the norm.
Key Challenges to Talent Management
Challenge 1: Addressing the demands for higher compensation
Compensation is found …show more content…

Possibilities are that they need to push the boundary at times to retain tough-to-recruit skilled employees.
Challenge 2: Identifying & drawing talent in a candidate-driven marketplace
2016 proved to be a completely candidate-driven market. There was a high demand for some specific skills; however, there was a critical shortage of candidates to fill those positions. In the candidate-led market, best candidates can find work far more quickly. They are better positioned to pick and select between employers.
Naturally, the onus now comes on HR teams to connect the dots and identify and draw talents required by their organizations. Doing so signifies putting more efforts to identify the talent of equal skill level. It also signifies considering carefully compensation, benefits, and several other benefits (flexible working hours and work from home being a few) that will attract candidates in a fiercely competitive marketplace.
Challenge 3: Addressing high turnover

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