Talent Management: A Natural Evolution Of HR

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Talent management and retaining talent
Ms. Supreet Kaur, Assistant Professor, Commerce Department, DAV College, Jalandhar
Abstract
A talent management strategy always needs to link to business strategy to make sense. Talent management has become one of the most important buzzword in corporate HR. Talent management is a natural evolution of HR. The new and more challenging problems like how to make recruitment process more efficient and effective , creating sustainable “leadership pipelines”, identifying competency gaps ,etc , require new processes and systems. So talent management integrates organisational HR with business management processes. It is now an important management practice which can be called as an integrated process of recruiting, training, supporting, and compensating people.

Introduction
Talent management means how a company find, select, give training, develops, retains, promotes its employees. It is a HR function and only make sense when …show more content…

Stage 1: Personnel department In 1970’s personnel department was responsible for employees. The main function was to hire a person, compensation, and give benefits to them. Batch payrool was a system that supported this function.

Stage 2: HR function
In 1990’s organisation realised that HR function is more important than it was considered earlier. It is not all about hiring a person rather selecting a right person, training them, helping business to design job roles, developing compensation packages etc. Now head of personnel department has much important role. In this the HR department became more than a business function.

Stage 3: Talent management
Now we enter into new era: emergence of talent management. This is due to focus on a new set of strategic issues.
• How to make recruiting process more efficient and effective
• How to identify competency gaps
• How to manage people in a consistent and measureable

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