The Essay On Talent Management: A Review And Research Agenda.

The Importance of Selecting the Right Talent

Discuss about the Human Resources for Review and Research Agenda.

In every organization, it is obvious for the managers in the process of selection to identify the hidden talent of the candidate and then hire them. Selection is a marked as a very vital stage for the applicants as well as for the organization itself. Misguide in the selection process can many time lead to the loss of good candidates. At the present organizational scenario, loss of a good candidate is a very hard thing to afford. It is also about the talent of the candidate who is selected, without the talent. Identifying talent is the important task of the management and showing the talent is an important job of the candidate.

This specific article “the psychology of talent management: A review and research agenda”, published by Dries (2013) has depicted a vast vista on how talent management is influential for gaining organizational image and reputation. The author in this specific article has portrayed that talent management is the systematic procedure of planning as well as retaining the talented employees. In order to achieve the peak of business success employee retention is highly important. The success of a business organization is highly dependent on the performance level of the employees. The author in his specific article has pointed out that human talent is the renewable resource. Its competitors cannot steal it. Organizations while recruiting a specific employee should be concerned on the talents, skill and competency level of that individual rather than being influenced on the cultural and psychological backgrounds as well as attitudes. With the rapid threat of competitors, organizations have to face innumerable difficulties in retaining a talented employee within the business process. The author in this specific article has highlighted that attracting and retaining the talented people within the service process of a specific business organization is a major challenge. Competitors’ recruitment strategy and policy sometimes becomes a burden for a business organization to retain their talented employees. In order to overcome this kind of situation, the business experts have decided to implement some major strategies and policies for retaining young talents within the business services. Implementation of reward and recognition policy, providing agile work hour, flexibility in relocation are some of the most effective ways of maintaining employee sustainability. The author believes that employees would like to provide their best endeavor towards the business services only when the company intends to pay their effort of employees either by benefits or by rewards. The article has highlighted that business organization should invest certain amount of money for the purpose of talent management. As a result, the business experts can provide sufficient training and development session to the employees for enhancing their skills and competency level. It has been observed that large number of business employees cannot get their scope in developing their skill as the organizations fail to afford sufficient money for making training session. As a result, employees show their reluctant attitude in providing good performances towards the business services. The author in this specific article has highlighted the importance of talent management on the overall psychology of employees.

The Role of Talent Management in Retaining Talented Employees

In the article ‘Talent management and expatriation: Bridging two streams of research and practice’ by Jean- Luc Cerdin and Chris Brewster, it is said that talent management is a combination of both potential and career development. This article was written aiming that the knowledge this article provides about the talent management and its relation to selection process will be effective and will be helpful for the organization to determine the selection process. in this context another mentionable comment is the one made by Oldham(2014) he said that the relationship between the characteristics of job and motivation is always more for the employees and hence they must undergo a proper selection process. Every organization must have a designed talent management process so that the employee selection is performed smoothly. This article also highlights that when an organization aims select the best candidate they should and must have a proper talent management process, which will identify the best candidate. The talent management system will provide the organization with the committed employees who will be able to perform well and maintain the organizational structure. Development of organization is the process that uses the behavior science to work according to the planned progress and improvement of the organization effectiveness. Selection of talented employees and increasing their awareness to maintain the organizational behavior is an effective step towards the organizational development. Talent management actually does not have any true meaning but it plays a beneficial role in the organizational structure. This system of management defines how an employee gets attracted to the management, how it selects the employees and even how it develops the employee relationship within the organization. This article mostly focuses on the talent management and its importance on the selection process.

The article “Revisiting talent management, work-life balance and retention strategies” created by Deery and Jago (2015) has primarily concentrated on highlighting the positive impact of employee retention. The author opines in this specific study that maintaining the quality of products and services to the customers is not only effective for a business organization for achieving the business goal. In order to meet the demands and needs of the customers’ business organization should focus on the performance level of the employees. An experienced and efficient employee always adds value of an organization for earning business profitability. In order to maintain employee retention business organizations intend to make budget plan. Providing an effective training and guidance to the employees is one of the most effective ways of managing talents. It has been observed that employees fail to meet the needs and demands of the customers due to the lack of performance. In this kind of situation, the business managers can focus on providing an effective training process so that employees can develop their skill and competency level. On the other hand, providing reward and recognition to the employees is one of the major ways enhancing employee motivation. Staffs would like to perform effectively only when they would be able to get motivated from the organizations’ recognition policy. The author in this specific article has pointed out that necessary health facilities and benefits are one of the most effective ways of employee retention plan. Every single business organization should strictly maintain organizational health and safety act strictly. If an individual employee has to face health issue at the workplace, the business managers should give cooperative outlook to that particular individual. As a result, the employees would get a motivation in performing well towards the business services. The specific article has critically evaluated the positive impact of employee retention in maintaining the performance level of the employees.

Effective Strategies for Maintaining Employee Sustainability

The next article chosen is ‘THE IMPACT OF TALENT MANAGEMENT ON RETENTION’ by Victor Oladapo. This includes the implication of the talent management program and its impact on the retention of the employees. Organizations often struggle to overcome the journey of finding the talented workers.  This article also focuses on relating talent management to employee retention. The important aspect that this article covers is the importance of talent management. The author of this article opines that every organization has two main concerns first one are the concerns about the place, equipments and monetary issues and second ones are the brand positioning, loyalty and the employee selection. In present world the importance of In order to meet the demands and needs of the customers’ business organization should focus on the performance level of the employees. An experienced and efficient employee always adds value of an organization for earning business profitability. In order to maintain employee retention business organizations intend to make budget plan. Providing an effective training and guidance to the employees is one of the most effective ways of managing talents. This is why every organization should and must implement a proper talent management system along with a proper selection process.

In the article, ‘the influence of underlying philosophies on talent management: Theory, implications for practice, and research agenda’ by Urbancová Hana, Vnou?ková Lucie, the writer opined the investigation on the talent management philosophies. Every experienced and efficient employee always adds an efficacy of an organization for earning business profit. In order to maintain employee selection business organizations intend to adapt a proper talent management plan to make it successful. Providing an effective training and guidance to the employees is one of the most effective ways of managing talents after selection. As this topic concerns the talent management and its relation to the selection process, it can be stated, with the help of this particular article that managing a talent management process is very necessary in the present business scenario. Identifying the best employees and utilizing their abilities to maintain  the standards of the business is very important and every organization must hence initiate a talent management process for their betterment.

In conclusion, it can be said that every organization in the present world needs to have the best talent management process whether at the time of selection or at the time of work. Talent management can be initiated by training as well.

References:

Cerdin, J.L. and Brewster, C., 2014. Talent management and expatriation: Bridging two streams of research and practice. Journal of World Business, 49(2), pp.245-252.

Deery, M. and Jago, L., 2015. Revisiting talent management, work-life balance and retention strategies. International Journal of Contemporary Hospitality Management, 27(3), pp.453-472

Dries, N., 2013. The psychology of talent management: A review and research agenda. Human Resource Management Review, 23(4), pp.272-285.

Meyers, M.C. and van Woerkom, M., 2014. The influence of underlying philosophies on talent management: Theory, implications for practice, and research agenda. Journal of World Business, 49(2), pp.192-203.

Oladapo, V., 2014. The impact of talent management on retention. Journal of business studies quarterly, 5(3), p.19.