Talent Mananagement prsctices for corporates

1. z
Talent
management
Practices for
corporates
Name: Chavva Yashwanth
Rollno: 2004026,
PGDM- IB

2. z
 Developing the existing talent pool.
 Maximizing employee satisfaction.
 Attracting talent visibility.
 Planning in advance for succession.
 Acting upon the performance reviewed.

3. z
Anticipating change and creating an
adaptable workforce
 Improves the ability of responding to the changes proactively instead of being
reactive, by developing the critical talent and skills needed for staying ahead in
competition.
 Contributes towards a control on the training costs, by laying more focus on
the essential skills to be improved in the employees.
 Enables recruitment of high performing staff/employees.

4. z
Aligning Talent Management Strategy
with the Corporate Strategy
 Drives the focus towards company’s crucial objectives or
goals which require a proactive attention.
 Clearly highlights the specific responsibilities which are
associated with specific goals
 Strengthens ownership, commitment and accountability of
the employees and thereby improves overall employee
performance and organizational productivity.

5. z
 The Talent Management strategy should be aligned with the overall corporate
strategy and the future business goals, as it would result in superior
productivity, focused approach and an integrated involvement

6. z
Talent management and corporate
culture
 Corporate culture of an organization influence the talent
management strategies of an organization. Organization’s
which are more proactive, flexible and have an open
culture, can foresee the business changes in advance

7. z
Talent management and information
system
 Talent management supports the assessment value of the
information system. It helps in formulating mission
statement of the project, which will include components
like succession planning, performance evaluation,