Talent Management-The New Age Mantra

Like any other industry in the market, Human Resources Industry is also evolving and trying to keep pace with its most important resource — human. Call them employees, workforce, or talent — they all are same and require same measure of positive engagement in an organization to be able to perform their optimum level.

To ensure organizations are able to attract, recruit, train and retain their top talent in an organization, human resource team and top management felt a need for another branch and thus talent management systems (or TMS) was born. The major role of TMS was to ensure employees were sufficiently trained not only for their present roles but are also being groomed for future leadership positions.

Though talent management is a new field and a separate entity from HRM, it is the responsibility of human resource team. Everything is fine but what is talent management? Going by the definition, Talent management is the complete range of human resource processes to attract, develop, motivate and retain high-performing employees. Then how is it different from human resources management. Here’s how -

This new field find its roots in the initial concept of employee management and human management, where the human resource team intervened in managing and retaining talent. But with talent management, the responsibility is shifted to manager.

With talent management, the manager feels empowered and takes greater responsibility. He gets actively involved right from acquisition, recruitment process, retaining and development of an employee. Different organizations have different approach towards talent management — while some consider only star performers as talent management team there are others who consider everyone as part of the team.

This is where you can stand apart in your organization by going for specialized courses in talent management and then certifications in talent management. Certifications are third party validation of your skills and qualifications and ensure the recruiter or your employers that you are dedicated to your profession and are always to add on to your knowledge.

But before we delve deeper into certifications lets understand what are talent management systems and how does an organization benefit from it. So here it goes -

Talent management system is nothing but an information technology solution to essentially manage four corner points of human resource management and the points are -

  • Recruitment
  • Performance management
  • Learning-development management and
  • Compensation management

While previously human resource management was focused on employee transaction such as payroll, leave management etc., the talent management system was designed to provide human resource related solutions for long-term strategic goals to an organization.

If an organization wants to achieve its goals and flourish in the industry, then it needs to align its business strategy with HR strategy to develop and effectively manage the talent management system.

With the help of talent management system an organization will be able to -

  • Finalize numerous competencies around which you will be able to plan an employees’ development in an organization.
  • Create a human resource model where the existing workforce can be ranked and stacked for future reference.
  • To identify the developmental areas in an organization.
  • Pro-actively identify future requirements and then manage talent pool accordingly.

Now that you know what is talent management and how talent management systems will benefit your organization, it is time to learn more about talent management certifications in the market. You can either for HR certifications from HRCI or SHRM or you can go for talent management certifications from Talent Management Institute(TMI). Each of these offer best certifications in the industry. To take your pick and be ready to enter the world of talent management.

Originally published at https://patch.com

Human Resource Professional. Passionate about Human Resources. Writing has always been a passion with strong interest in talent management & HR Industry.

Human Resource Professional. Passionate about Human Resources. Writing has always been a passion with strong interest in talent management & HR Industry.