It involves the following identifying where the gaps lie – the human capital requirement, formulating job descriptions for the necessary key roles to help guide sourcing and selection and developing a workforce plan for recruitment initiatives. Let’s get into these key steps in the process of managing talent effectively:ġ. Planning: Like in any process with a set outcome, planning is the first step in the process of talent management. The following image depicts the key points of the talent management process: While often cyclical rather than a generic linear progression of events, the process of talent management could be considered, to begin with acknowledging the need for talent and leads to filling that gap and ultimately growing and optimizing the skills, traits, and expertise of employees, new and old. Learn more: What Is Talent Acquisition? Definition, Process, Strategies, and Best Practices Talent Management Process They support each other and the whole structure would crumble even if one sub-process fell out of sync. For example, analyzing the right talent gaps for the present and the future, identifying the right talent pools and best-fit candidates, getting them to join and then optimizing their existing skills and strengths while helping them grow are touch-points that are all equally important. Under the umbrella of talent management, there are a string of elements and sub-processes that need to work in unison to ensure the success of the organization. It is thus the process of getting the right people onboard and enabling them to enable the business at large. The definition brings to light the overarching nature of talent management – how it permeates all aspects pertaining to the human resources at work while ensuring that the organization attains its objectives. The process thus involves identifying talent gaps and vacant positions, sourcing for and onboarding the suitable candidates, growing them within the system and developing needed skills, training for expertise with a future-focus and effectively engaging, retaining and motivating them to achieve long-term business goals. 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.
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