Preview

Talent Management

Powerful Essays
Open Document
Open Document
4690 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Talent Management
Talent Quotient Model for Effective Talent Management: An Empirical Study Dr. Ajay Kr. Singh & Ms. Sonia Sabharwal

Dr. Ajay Kr. Singh
Associate Professor & Coordinator –MHROD Program
Faculty of Commerce & Business
Delhi School of Economics
University of Delhi
Delhi -110007
E-mail: drajayksingh@gmail.com
Mobile: +91-9810108767

Ms. Sonia Sabharwal
Assistant Professor
Dept. of Commerce
P.G.D.A.V. College
(University of Delhi)
New Delhi-110065

Submitted for presentation in the technical session on “Talent Management in the Globalised Scenario”

in the
63rd All India Commerce Conference
Annual Conference of The Indian Commerce Association at Goa University, Goa from Oct. 1-3, 2010 Talent Quotient Model for Effective Talent Management: An Empirical Study Dr. Ajay Kr. Singh & Ms. Sonia Sabharwal

Abstract

In business, due to the current emphasis on intangible assets such as brand names, innovation, creativity, and entrepreneurship, greater than in the past, the arenas of today cater to companies that can harvest the potential of their key resources. In fact research suggests that not even the vision and strategy of a company are as important as the people that eventually will drive the company into the future. Regardless of the perspective taken, the fundamental question of what is and what is not considered to be talent needs to be addressed. Talent management requires HR professionals to understand how they define talent, who they regard as ‘the talented’. Based on a sample study of 70 respondents from the public and private service sector employees using factor analysis, seven important factors were found which constitute talent. It was also found after applying non-parametric Mann Whitney test that there is no significant difference between the opinion of public and private sector respondents. A model has been developed based on the primary data collected through structured questionnaire (the reliability of



References: Anderson, Cushing (2009), Succession Planning Gains Momentum, Chief Learning Officer, March BCG and World Federation of Personnel Management Associations. 2008. http://www.bcg.com/impact_expertise/publication/files/Aligning_Talent_for_Global_Advantage_Sep_07.pdf, Retrieved on Aug. 1, 2009. Berger, L.A. & Berger, D.R. (Ed.). 2004. The Talent Management Handbook: Creating Organizational Excellence by Identifying, Developing and Promoting Your Best People, McGraw-Hill, New York Burns, R.B. & Burns, R.A. 2008. Business Research Methods and Statistics using SPSS, sage Publications Ltd., London. Branham, F.L. 2000. Keeping The People Who Keep You In Business: 24 Ways to Hang On To Your Most Valuable Talent, AMACOM, NY Bryan, L.L. 2007. The New Metrics of Corporate Performance: Profit Per Employees, The Mckinsey Quarterly, Feb. Cappelli, P. 2000. A Market-Driven Approach to Retaining Talent, Harvard Business Review, winter, Cappelli, P. 2008. Talent Management: For the Twenty First Century. Harvard Business Review, March, Pg 74-81 http://www.whytest.biz/UnderstandingAchiever.htm - Retrieved on August 30, 2009. Cedar Crestone. 2008-2009. HR Systems Survey, 11th Annual Edition http://www.cedarcrestone.com/benchmark.php-Retrieved on Aug.3, 09 Cheese Peter; Thomas Robert J. & Elizabeth. 2008. The Talent Powered Organization: Strategies for Globalization, Talent Management & High Performance, Kogan Page Ltd, London & Philadelphia Cronbach, I.J. 1951. Coefficient alpha and Internal consistency of test, Psycometrika 16, 297-334 DDI. 2009. http://www.ddiworld.com/Pdf/ Ddi_ Ninebestpracticetalent management_Wp.Pdf - Retrieved On 13th August 2009. Lynne, Morton. 2004. “Integrated and Integrative talent management: A Strategic HR Framowork” The Conference Board McKesson Corporation. 2004. Enterprise – Wide Talent Acquisition process gives McKesson a strategic Advantagehttp://www.trigconsulting.com/ tmr/tmr3/feature2.htm - Retrieved on August 1, 2009. Khan, Sharif. 2004., Psychology of the Hero Soul, Diamond Mind Enterprises, Distributed by Univ Lynne, Morton. 2004. “Integrated and Integrative talent management: A Strategic HR Framowork” The Conference Board Nunnally, J. C. 1978. Psychometric Theory, McGraw Hill, New York. Reed, Alec. 2001. Innovation in Human Resource Management, Chartered Institute of Personnel Development. Reilly, Peter. 2008. Identifying the Right Course for Talent Management, Public Personnel Management, winter, 37. Russell Reynolds Association. 2008. http://www.russellreynolds.com/pdf/thought/Leadership&TalentWhoIsontheFrontLineofYourWarforTalent.pdf, Retrieved on Sept. 2, 2009 Wikipedia on August 1, 2009 -----------------------

You May Also Find These Documents Helpful

  • Powerful Essays

    For most firms today, success or failure is determined by the ability to find, attract, keep, develop, and tap into the most talented workforce that can be assembles. The talent survey article composed regarding Winston Churchill’s speech that discusses a shift in the discovery of the new natural resource going forward. This natural resource is the talents and abilities of the employees that a company can recruit. Historically, the natural resources that a company could obtain were the most important aspect of a company’s growth.…

    • 1373 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    Business Environment of Asda

    • 2959 Words
    • 12 Pages

    Farndale, E.,Scullion, H.& Sparrow, P.R. ( 2010) The Role of the Corporate HR functions in Global Talent Management. Journal of word Business. 45 (2): 161-168. Journal of World Business Paper.…

    • 2959 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    I had the pleasure last week of moderating a panel of senior talent development officers representing three very different industries and diverse geographies: Deb Wheelock of Mercer (a high-end professional services firm, recruiting highly educated knowledge workers), Pamela Stroko of The Gap (a retailer faced with the classic industry challenges of creating a differentiating employee proposition and enhancing retention of its large workforce), and Sujaya Banerjee of the Essar Group (a diversified India-based enterprise participating in a variety of industrial sectors, including steel, energy, and communications).…

    • 936 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Managing Talent

    • 588 Words
    • 2 Pages

    Availability of qualified personnel effects both labor supply and demand. The greater the demand coupled with greater shortage of qualified applicants, the higher/more competitive the salaries for those positions. The economy and demand for products and/or services effects both labor supply and demand. Our economy is very slow resulting in less demand for products or services. The slow economy is the main reason for so many layoffs. A strong economy and high demand for products/services creates jobs.…

    • 588 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    * The company can gather huge amount of talent from all around the world, which might not find it the country of origin of the company.…

    • 1073 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Managing talent is the most important HR challenge facing organizations across the world today. As an organization addressing the talent management/human capital is important in all the regains of the industry (Eyre, 2008). The shifts in the world economy are playing a role in workforce trend, making it difficult to retain all human capital. To ensure growth potential during a bad economy the organization needs to focus on strengthening key relationships, capitalizing on underutilized staff, clarifying strategic roles and forging stronger links between compensation and results (Mello, 2005). Strengthening the employer-employee relationship is an important goal for human resources departments in any organization.…

    • 471 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Talent management involves individual and organizational development in response to a changing and complex operating environment. It includes the creation and maintenance of a supportive, people oriented organization culture.…

    • 2001 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Global Expansion

    • 563 Words
    • 3 Pages

    Lockwood, N. (2011). Talent Management: driver for organizational success. Retrieved June 4th 2011 from, www.findarticles.com…

    • 563 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Recruitment refers to the process of attracting, screening, and selecting a capable person for a specific job. This short report will look at factors which may affect recruitment within an organisation, different recruitment and selection methods, workforce diversity and the induction process.…

    • 1137 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Talent Management

    • 538 Words
    • 3 Pages

    Analyze how the talent pipeline offers the best candidates to organizations, and determine how to access the pipeline for your industry or profession. Also discuss if you foresee a need to change the pipeline to meet future needs of employers. If so, state those changes and your rationale for why they will be required.…

    • 538 Words
    • 3 Pages
    Good Essays
  • Better Essays

    In order for organizations to meet the growing demands of business sustainability and maintain a competitive advantage over the competition, businesses are encouraged to take a hard look at their talent pool (Urlaub, 2011). This process aims to retain employees and foster their continuing development of skills and competencies to achieve the organization’s immediate performance goals and long-term strategic objectives. This often requires managers to incorporate a wide variety of perspectives in their talent appraisals. The ability for an organization to identify, select, develop, and retain highly valued skill sets can set a company apart. Talent Management Strategy is defined as an organizations commitment to recruit, retain, and develop the most talented and superior employees available in the job market through goal-setting, performance management, assessment, compensation management, learning, career planning and succession planning processes. This paper will discuss a few topics surrounding sustainable talent management which will include; determining which performance management process can be used to measure employee talent, analyze key concepts related to the talent review process, develop appropriate talent management objectives to measure functional expertise, asses key elements of global talent management as they apply to my organization, and recommend a process that optimizes a sustainable talent management process.…

    • 1387 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Omm 618

    • 777 Words
    • 4 Pages

    Talent management is the term used to describe the HR process of hiring and retaining top employees. Human resource professionals themselves anticipate that retaining the best employees will be the greatest HR challenge in 2022, according to a November 2012 poll by the Society for Human Resource Management. Employees have a tendency to job hop as economic challenges make it difficult for companies to maintain high levels of pay over time.…

    • 777 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Nokia-Talent Management

    • 1738 Words
    • 7 Pages

    Wilton, N. (2011:429) goes on further to say, citing Leonard (1998), that competitive advantage may arise from four groups of organizational attributes or core capabilities:-…

    • 1738 Words
    • 7 Pages
    Best Essays
  • Good Essays

    Yorklab Case Study

    • 1265 Words
    • 6 Pages

    Talent management (abbreviated as “TM”) has been targeted as one of the human resource development (abbreviate as “HRD”) conceptual framework to improve the effectiveness of HRD practice (Nilsson and Ellstrom, 2012). The world of work has increasing interest to target it recently as according to 17th Annual Global CEO Survey, 93% of CEOs are recognizing the need to make a change, or are already changing their strategy for attracting and retaining talent (PWC, 2014).…

    • 1265 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Talent Management is still an aloof term for many organizations. Its growing importance is yet to find place in most of the Indian organizations. They do have components of it but does not contain all the elements of a talent management process in its entirety. Now to explore what constitutes “talent management”, a term that was coined in McKinsey & Company, really varies from organizations to organizations.…

    • 1353 Words
    • 6 Pages
    Powerful Essays