Effective and efficient recruitment processes Develop leaders and create a sustainable leadership pipeline Identifying competency gaps

and ways to fulfilling it Identifying high performers and successors to key positions Managing people in a consistent and measurable way Hiring, managing and retaining talented workforce

Talentthe most sort after resource in the times to come. Managing talent is the most challenging issue in the arena of Human Resources today

Talent entails having those skills that provide the edge and differentiation to the organization Talent = Potentiality + Performance

Talent pool is now a nations prime strategic resource A countrys talent pool is again measured not in terms of number but by quality and depth of talent possessed by each of them India though demographically a sweet spot compared to other nations yet is affected by talent shortage Inadequate skills imparted to technical & managerial people Talent Management is what organization has devised as a solution to the problem of talent crunch

Attracting the best people Applying their strengths productively Creating work environment for growth and development Retain the talent that has been acquired and developed. Making a company successful, profitable and productive

Talent Management is the process of developing and nurturing new employees though on boarding, developing and retaining current employees and attracting highly skilled individuals to work for your company. -Mckinsey

(LQ+CQ+RQ+AQ)X Values = Talent LQ= Capacity to Learn (Learning Quotient) CQ= Capacity to Think (Conceptual Quotient) RQ= Capacity to Relate (Relationship Quotient) AQ= Capacity to Act (Action Quotient)

Improve competitiveness by hiring, retaining, and empowering the best people Achieve goals by aligning staffing practices with corporate strategy Profit from more effective and efficient global operations

Examples of companies focusing on talent management and have started practicing it are include, Capgemini, Eastman Chemical, Kimberly-Clark, PitneyBowes, SCI, Seagate, Steelcase, Textron,.

Tapping talent is a difficult task hence organizations must innovate on how and where they can locate talent other than through conventional recruitment methods Poaching is the best and quickest approach to source talent while using compensation as a tool for managing acquired talent is easy but short lived

Talent acquisition is a strategy which enables companies to build its competitive advantage and be proactive and prepared for future performance with a ready now workforce. It involves-: Finding Attracting Engaging Developing Retaining Transition of the workforce

Talent is an abstract concept difficult to measure----potential is unlimited Money can acquire critical factors except talent Vital is how much is traced and how much is in use

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Three- pronged approach Companies should showcase their business philosophy and their niche ventures Companies should work hard to achieve credibility among the internal and external stakeholders Companies should showcase its thought and executive leadership through forums

HP reputation in imaging and printing in the market made it attract the best talent in Japan

TCS conducts interactive programmes and educates the students about the company and attracts talent through awareness.

GE identifies global leaders from a local talented pool ICICI observes the same method as that of GE Sap has introduced a global talent management programme which identifies talented staff and prepares them for leadership

Cross-border rotation of employees is encouraged by SAP and TCS which enhances their capabilities Global Communication Job Rotation Program & Maitree are programmes and forums which facilitates employees

Retaining acquired talent is the next biggest challenge that Companies are facing Measures could be Well designed and dynamic compensation & benefit system Well drafted career planning and succession planning model Creating conducive & proactive work culture in the organization