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SJB Institute of Technology Talent Management Seminar
- 1. SJB Institute of Technology DEPARTMENT OF MBA BGS Health and Education City, Uttarahalli Road Kengeri, Bangalore 560060 SEMINAR ON TALENT MANAGEMENT Presented By: MONIKA K AND MEGHANA SUSHMAA Under the Guidance of: Mrs. ROOPA TEMKAR Associate Professor
- 3. Talent According to McKinesy Talent is sum of -A Peson’abilities -Skills, Knowledge,Experience -Intelligence -Judgement,AAttitude,Character,Drive -Ability to learn and grow Talent = Competence + Commitment + contribution
- 4. What is Talent Management? Talent management is defined as the methodically organized, strategic process of getting the right talent onboard and helping them grow to their optimal capabilities keeping organizational objectives in mind. Talent management is a constant process that involves attracting and retaining high-quality employees developing their skills and continuously motivating them to improve the performance
- 5. Talent management is one of the most current topics in HR Talent management is the attraction, selection, and retention of employees It encompasses workforce planning, employee engagement, learning and development, performance management, recruiting, onboarding, succession and retention.
- 6. Objectives of talent management Creating future leaders Within the organization improving and maximizing employee performance reducing the cost of organization complete effectively growth and dynamic and you told me to achieve sustainable growth in present and future Employee's empowerment decreases organizational turnover rate
- 7. Types of Talent Management Unidimensional Talent Management Multidimensional Talent Management
- 9. Planning Initial Step of talent management model TM model in accordance with organizational goals and asses the previous initiatives, workforce profile,talent performance and behavior to date Identifies the requirement of human capital and develop the job discrimination and key roles Work Force plan is created and proposed to ensure right people with right skills and knowledge and employment at right times
- 10. Attracting Employee value proposition It forms part of marketing Attracts the type of talent organization seeks To find Articulate employees and realistic yet aspirational statement of the value organization can offer the employee
- 11. Selecting Retaining Potential candidate should be chosen and when can contribute to the growth in long run Organizational existence and survival Promotion and increments,recognisation for performance and reward, opportunities for growth Handing over special projects,participative decision making, identifying the individual contribution apart
- 12. Transitioning Movement of employees to another role department or office Retirement benefits to employees,succession planning or internal promotions and also conducting exit interviews.
- 13. Role of talent management Developing the resources that can contribute Substantially and add value his or her area of expertise. Develop employees through continuous training that are unique in terms of skills knowledge and abilities in order to qualify as rare Resource cannot be substituted by the rival firms and that there is no match for the talent There are not many things in the business environmeant that can fulfill all the above criteria and offer a unique competitive advantage except human resources
- 14. key components of talent management Strategic Employee Planning. Developing your organizational goals and strategic plan is the first step. Talent Acquisition and Retention. Performance Management. Learning and Motivating. Compensation. Career Development. Succession Planning.