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Talent management is a whole HR process that works to fulfill the requirement of human capital in any company. It identifies the high-performing employees and makes a strategy to attract and retain them. It also plans various strategies to develop the efficiency and productivity of employees. The talent management of any organisation is responsible for the increase and decrease in performance. It makes a scientific strategy to motivate employees. So that; the company can achieve its goal. The presence of high-quality employees for the long run with the particular organisation determines the effectiveness of talent management. There is not a single strategy of talent management that can be used by all. The Human Resources of every company work upon different kinds of strategies according to the requirement of their company. Only having a Human Resource department in the company does not mean that the management of talents is happening in the right direction. The evaluation of the performance is a must to rectify the problem of the strategic process.
Following a tried and tested process of talent management for a long time causes the loss of effectiveness. It is necessary to do constant innovation in the process to keep it up to date. The career demand in this field is increasing over the last ten years. Companies are hiring many talent management professionals to increase their business value in the market. The competition between companies to hire high-performing employees has increased and they are providing better employment options to them. Every company wants the service of a better employee. So they are attracting high-performance employees with numerous benefits. It is proved to be beneficial for both parties because employees are getting motivated and increasing their productivity to achieve more benefits from the company. Companies are getting benefitted by the increase in productivity of employees.
Talent management has also boosted the healthy competition between fellow employees. The employee who is performing well is being recognised by the management and getting the deserved appreciation. It is helping them individually to grow their capability.
The use of all the available resources strategically to reach the business goal is helping the talent management team of organizations. Nowadays, advancement in technology has opened new and effective ways of achieving goals. Many big and reputed companies are including technology in their talent management processes. The infusion of AI (artificial intelligence) is assisting in various aspects. The AI is evaluating the performance of every employee. It is helping them to be more productive by providing them an analysis of their performance. It is also suggesting suitable solutions to enhance their capability. Artificial intelligence is assisting in recognizing barriers in performance. Various gaps in the process of talent management and the probable reasons for this are also being identified by the AI.
The use of technology has changed numerous manual processes of talent management into automated ones. This change has transformed the speed of the process. It also nullified the chance of error that was common in the manual process. We can say that the technology has provided wings to talent management and helping it to achieve its business goal faster.
When the requirement of anything arises then the process starts, to fulfill the need. Here, the company requires to achieve its business goal. High-performance employees are very important for any company to achieve the target. So, the Human Resource department works upon the various process of talent management to fetch capable employees. They also implement different strategies to make them more productive. The infographic below is shown to you for a better understanding.
These are some samples of the assignment questions that are usually asked in the management assignments. Go through these and get an overall idea of the type of questions. It will help you to be well-prepared for your assignment.
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