Introduction
Effective talent management must start with having an inclusive culture in place in any organisation that want to get their talent management right. What is an inclusive culture? An inclusive culture is a culture where all talent is valued and fully utilized to maximize business performance. Inclusion is all about engaging the head, the heart and the hands of everyone. Talent management should focus on making everybody in a business organisation at a particular point in time put in their very best as long as they remain a part of that organisation. It’s the sum total of individual and team performances that add up to become total organisational performance.
Organisations should not over concentrate on attracting, motivating, managing, rewarding and retaining top talents alone. Efforts should be put in place to ensure that all members of the organisation justify their pay by ensuring that their performance commensurate with their remuneration.
Talent therefore, is used as an all-encompassing term to describe the human resources that organizations want to acquire, retain and develop in order to meet their business goals (Cheese et al., 2008).
Goffee and Jones (2007) define talent as handful of employee whose ideas, knowledge and skills give them the potential to produce the disproportionate value from the resource they have available from them.
Definitions of Talent Management
Talent management has been variously defined by writers, HR academics and professionals. Here are some of the often quoted definitions of talent management.
- Talent management can be defined as the conscious, deliberate approach undertaken to attract, develop and retain people with the aptitude and abilities to meet current and future organizational needs (Stockley, 2007).
- Talent management is concerned with the recruitment, selection, identification, retention, management, and development of personnel considered having the potential for high performance (Cappelli, 2009).
- Talent management is the process of ensuring that the organisation attracts, retains, motivates and develops the talented people it needs (Armstrong, 2004).
Talent Management Process
The emphasis on Talent Management is to ensure that organizations concern have the requisite talented and committed people needed to perform optimally in terms of profitability, productivity, returns on investment and competitive advantage.
Talent Management process involves four essential components. These are:
- Talent attraction.
- Talent retention.
- Talent motivation.
- Talent development.
This shows that competent and committed people must be attracted, retained, motivated and developed by the organisation, now and in the future.
Conclusion
A company’s talent is embodied in the people whose talent and experience create the products and services that are the reason customers come to it and not to a competitor (Stewart, 1998). The responsibility of management should be to attract, retain, motivate and develop competent and talented people needed to compete and deliver superior organisational performance necessary to meet the needs of the various stakeholders now and in the future.
References:
Armstrong, M (2003). A Handbook of Human Resource Management Practice, 9th edn, Kogan Page, London.
Cappelli P (2009). What's old is new again: Managerial “talent” in an historical context; Res. Personnel Hum. Resour. Manag. Vol. 28.
Cheese P, Thormas RJ, Craig E (2008). The talent powered organization: strategies for globalization, talent management and high performance. London and Philadelphia: Kogan.
Goffee R, Jones G. (2007). Leading clever people. Harvard. Bus. Rev., pp. 72 – 79.
Piansoongnern et al. (2011) Talent management in Thai cements companies: A study of strategies and factors influencing employee engagement. African Journal of Business Management Vol.5 (5), pp. 1578-1583.
Stewart AT (1998). Intellectual Capital. Nicholas Brealey Publishing.
Stockley D (2007). Talent management concept - definition and explanation [Online]. Available from
http://derekstockley.com.au/newsletters-05/020-talentmanagement. html.
About the Author
Ajiboro Ayodeji is a Chartered HR Practitioner based in Lagos, Nigeria. Tel: 2348027807452. Email: hutrenconsulting@gmail.com.
©Hutren Consulting 2011
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