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The main body
About talent management
The definition of talent management
In the world, different experts have different understanding on talent management. But Compare these definitions, the definition which is written in CIPD (2012) is better. “Talent management is the systematic attraction, identification, development, engagement, retention and deployment of those individuals who are of particular value to an organisation, either in view of their ‘high potential’ for the future or because they are fulfilling business/operation-critical roles.”
The benefits of the talent management of the company.
(1) The company has a precise talent management programme. For example, The forecast increase in size is 15% in the coming year followed by 10% in two subsequent years. Staff turnover in the junior management population is 12% per annum. In the senior management population turnover is 10% per annum. Every year the company will provide business growth forecasts, these data is the basis of the employee resourcing of the company.
(2) Recruitment in the company has been focussed on graduates with science and / or technology degrees. Compared to other forms of learning and development, the talent recruitment plan not only saves time, ensure the quality of the talents, but also saves training costs.
The disadvantages of the talent management of the company.
By analyzing the case of the status of the company, we find that at present, the company have many defects in the aspect of talent management. We summarized the following shortcomings:
