Importance of Strategic Employee Resourcing and Talent Management for the organizations

 The importance of Strategic Employee Resourcing and Talent Management notions in searching of talented human resources for the organizations.

What is Strategic Human Resource Management and why employee resourcing should be “Strategic”?

Strategic Human Resource Management A method to formulate and execute HR strategies that are aligned with and promote the achievement of business strategies.

Figure -1 SHRM Model (MBA Skool, 2020)


For companies of multi-talented workers that consist of highly educated and qualified employees, advanced methods are more likely to be used for the selection and recruitment of their employees. Although keeping these priorities in focus, the implementation of a strategic framework on their employee resource decision will enable companies to evolve continuously in a more productive way. (Armstrong, 2014)

What is Talent Management and why Talent Management is so important for the development of the organizations?

Talent management is the systematic attraction, deployment and growth of individuals who, either because they perform essential positions or have strong future potential, are of special importance to the company.


Figure 02- Talent Management Life Cycle (MBA Skool, 2020)

The interconnected activities of the Talent Management Life Cycle are; Workforce Planning, Talent Acquisition, Onboarding & Engagement, Development, Performance Management, Succession Planning.

In a wider context, the two techniques designed separately in an Employee Resourcing and Talent Management Company can be viewed together as "bundling" processes. In an organizational situation, these two strategies can be kept together and mutually improved. In the "bundling" method, Armstrong proposes the following elements;

                                                    1.     Workforce planning

                                                    2.     Employee value proposition

                                                    3.     Employee value proposition

                                                    4.     Retention strategy.

Why it’s so important to invest in Talent Management for the development of an organization.

·     ·        Investing in the areas of talent management will help to improve employee engagement and increase employee productivity.

·        Investing in talent acquisition will help to retain the organization's best talents available in the job market.

·        Investing in the different facets of talent management will help a company solve this issue efficiently and maintain top talents within the organization. (Armstrong, 2014)

Conclusion

In conclusion, embracing a strategic human resource process and investing in the multiple aspects of talent management will allow a company to develop continuously in today's competitive business environment.

Reference 

Armstrong. (2014). People and Organisations: Principles and Practice in Global Contexts. Retrieved 11 16, 2020, from Principles and Practice in Global Contexts: http://lms.esoft.lk/course/view.php?id=240/>.[Accessed on 03 April 2018

MBA Skool. (2020, May). SHRM Model. Retrieved 11 16, 2020, from MBA Skool: https://www.mbaskool.com/business-concepts/human-resources-hr-terms/7152-strategic-human-resource-management-shrm.html

Nextgen People. (2018). Talent Management. Retrieved from Nextgen People: https://www.nextgenpeople.com/talent-management/

 










Comments

  1. Pasan Wijesekara19 November 2020 at 01:40

    Managing employees talents is one of the most important idea a company should have in order to get maximum with the ability of each employee, but it is very much needed to encourage or motivate them to master their own responsible job of work by developing the knowledge and practicing recommended HR activities.

    ReplyDelete
  2. TharangaN12 December 2020 at 04:31

    Talent management is the process that involves to retaining and attract high quality employess.

    ReplyDelete

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