Organisational Strategy & Talent Management-Samples for Students

Question: Discuss about the Organizatioal Strategy and Talent Management. Answer: Talent management is an important tool for human resource management. In an organization, talent management is used to recruit, retain and develop the most talented human resources within the organization. Talent management is important for an organizations success. It is a well-known business strategy to attract the top talent in order to beat the rivals in the corporate cat race. When the stakeholders are told that the organization is dedicated towards talent management, it means that they will take effective steps to develop the talent of the employees. With the help of training and development, the employees talents and skills will be refined and polished so that it can be used for attaining the goals and objectives of the organization. Relationship between organizational strategy and talent management:- Talent management is a very crucial organizational strategy in the 21st centurys global business sector. Talent management is done through a number of management initiatives such as planning, organizing, staffing, directing and controlling the workforce to the optimum level. Talent management shares a very special relation with an organizations strategy. The strategy of any organization is to build up a commendable business empire and to build up such, an organization would require sufficient amount of talented employees (Armstrong Taylor, 2014).Here, the role of the talent management initiative becomes very specific. The sole substantial task of the talent management initiative is to professionally groom the new employees and to effectively train the existent employees. Talent management initiative helps in inculcating the practice of organizational behavior in an organization. Through the model of the organizational behavior, employees learn to work effectively as team members or as individuals and the employees also learn to observe the professional decorum in the organization. In addition to this, employees learn to participate and provide good business suggestions in the organizations decision-making process and to successfully overcome any organizational challenges. All the aforementioned things, collectively, help to realize the organizational strategy of a company. The organizational strategy for increasing the operational efficiency is often aligned with the developing the talent of the employees, so it can be said that talent management is a part of organizational strategy. Talent management is the tool that is used to increase the efficiency of the employees. The stakeholders of the organization will be informed that the talent and skills of the employees are the key elements that are required to achieve the organizational goals of heightened profitability and massive efficiency, so it is definitely a part of the organizational strategy. The organization will ensure the stakeholders that the talent management of the potential employees of the organi zation will be highly beneficial for the organization and the organizational strategy. (Silzer Dowell, 2010). Conclusion It can be concluded that the talent proficiency of the employees are very crucial in achieving the goals and objectives of an organization. It is a process by which the talented employees are recruited and retained within an organization. Organizational strategic planning is required in developing the skills of the employees as their collective efforts and efficiency would help the organization to meet its goals. As a result, it can be said that the relationship between the organizational strategy and the talent management is extremely relevant and apposite. References Armstrong, M., Taylor, S. (2014).Armstrong's handbook of human resource management practice. Kogan Page Publishers. Berger, L., Berger, D. (2010).The talent management handbook: Creating a sustainable competitive advantage by selecting, developing, and promoting the best people. McGraw Hill Professional. Collings, D. G., Mellahi, K. (2009). Strategic talent management: A review and research agenda.Human resource management review,19(4), 304-313. Silzer, R., Dowell, B. E. (Eds.). (2010). Strategy-driven talent management: A leadership imperative. San Francisco, CA: Jossey-Bass.