Talent
Management
Talent Management helps and organisation to attract & retail talent for a longterm
basis.
Key Principles of Talent Management
The Talent should align with the Corporate Strategy needs.
There should be ensured that there is consistency between the Talent Management systems within the organisation, e.g. performance appraisals carried out should be consistently done so.
Employees prefer being associated with organisations that provide them constant & development opportunities such as; job rotations, or different/ new assignments, which also keeps them engaged at work.
How do employers fix Compensation & Benefits?
1.
Be clear is to what aspects are involved in your Business Strategy, e.g. Recruitment Strategy, key roles.
2.
Reaching out to the Potential Candidates best suited for the particular role, through online job portals, social media etc.
3.
With the help of number of interviews, written tests, psychometric tests, skill assessments, choose the best candidates.
4.
Post hiring the employee, focus on the smoothing the onboarding the process. Make sure the employees are provided with efficient training sessions for them to get well acquainted with their job role.
5.
Retaining old employees is an easier & a less costly option as compared to hiring a new one, therefore make sure that employees are genuinely happy in the organisation, therefore increasing compensation, providing better opportunities for growth, providing them flexibility should be considered as some of the ways.
6.
Every organisation must aim to maintain a healthy and positive environment for their employees. As an employee cannot be forcibly stay in the organisation, therefore organisation must make sure that they are promoted or provided other benefits, rewards & recognition for their work for them to hold on to the organisation for a longer time.
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